The labyrinth of pre-COVID student loan rules are making a dramatic return. I’ll explore the Biden administration's key regulations impacting Public Service Loan Forgiveness (PSLF) and income-driven repayment (IDR) plans, the legal battles putting these changes on ice, and what it means for borrowers caught in the middle.

In today’s episode:

• 01:50 Revival of Pay As You Earn (PAYE) and Income-Contingent Repayment (ICR) plans

• 04:45 PSLF borrowers have less to worry about, plus the “buyback provision”

• 08:03 Borrowers going for 20 and 25 year forgiveness could switch plans

• 12:46 The silver lining of choosing to do nothing

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Feeling helpless when it comes to your student loans?

• Try our free student loan calculator
• Check out our refinancing bonuses we negotiated
• Book your custom student loan plan
• Get profession-specific financial planning

Do you have a question about student loans? Leave us a voicemail here or email us at help@studentloanplanner.com and we might feature it in an upcoming show!

Dennis Hornsby, licensed insurance agent, joins me to discuss the critical role of disability insurance in protecting your income and lifestyle. He shares his expertise on the advantages of purchasing coverage early to secure lower rates and the ethics of choosing the right broker. If you're a high-income professional or have student debt, you won't want to miss this.

In today’s episode:

05:19 Employer-provided group policy vs. one you purchase yourself
12:46 Residency and fellowship disability insurance discounts
19:24 An honest agent will sacrifice commissions to help you save on policy costs
24:36 Every year you wait to buy a policy, your rates can go up $10 to $20 per month

Link mentioned:

• SLP Insurance disability policy quote

Like the show? There are several ways you can help!

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Feeling helpless when it comes to your student loans?

• Try our free student loan calculator
• Check out our refinancing bonuses we negotiated
• Book your custom student loan plan
• Get profession-specific financial planning

Do you have a question about student loans? Leave us a voicemail here or email us at help@studentloanplanner.com and we might feature it in an upcoming show!

I had an inspiring conversation with Dr. Mike Walker, a veterinary practice owner. Listen is as he shares his journey from graduating vet school in 2017 with significant student loan debt to owning Apollo Vet, a clinic worth between $4 to $5 million today.

In today’s episode:

• 04:46 Preparing financially before starting a business
• 16:51 Fear of the unknown, business opportunities and financial projections
• 30:43 The role of mentors in starting a business
• 40:24 You don't need to be an expert to launch a startup

Links mentioned:
Find Dr. Mike Walker on Instagram

Like the show? There are several ways you can help!

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Feeling helpless when it comes to your student loans?

• Try our free student loan calculator
• Check out our refinancing bonuses we negotiated
• Book your custom student loan plan
• Get profession-specific financial planning

Do you have a question about student loans? Leave us a voicemail here or email us at help@studentloanplanner.com and we might feature it in an upcoming show!

The Saving on a Valuable Education (SAVE) plan is being temporarily blocked by an appeals court, and the whole plan could be in jeopardy. No new sign ups are allowed, but this is not the final word. Here’s what you need to know.

The Saving on a Valuable Education (SAVE) plan faces legal heat. Two separate lawsuits, one in Missouri and another in Kansas, each attacking the plan from a different angle. Is the SAVE plan in danger of disappearing? I’ll explain what the lawsuits mean for student loan borrowers and why they’re a risk to the SAVE plan, so you know exactly what’s going on.

In today’s episode:

• 02:04 The Missouri and Kansas lawsuits could go all the way to the Supreme Court
• 07:17 Progressive groups advocate freezing the student loan system
• 17:54 My advice for borrowers caught in the middle
• 24:03 Tax-free forgiveness for borrowers in the private sector expires in 2026

Like the show? There are several ways you can help!

• Follow on Apple Podcasts, Spotify or Amazon Music
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Feeling helpless when it comes to your student loans?

• Try our free student loan calculator
• Check out our refinancing bonuses we negotiated
• Book your custom student loan plan
• Get profession-specific financial planning

Do you have a question about student loans? Leave us a voicemail here or email us at help@studentloanplanner.com and we might feature it in an upcoming show!

Public Service Loan Forgiveness (PSLF) has been on pause since May while servicing transitions away from MOHELA, causing waves. Student Loan Advisors Sim Terwilliger and Sam Silberstein dissect what these shifts mean for borrowers. Learn the new processes for submitting and tracking PSLF forms through StudentAid.gov, the impacts of administrative forbearance, and the long-term outlook for PSLF.

In today’s episode:

• 06:23 How the pause in submissions during May and June affect processing

• 08:43 When forbearance counts for PSLF forgiveness, and when it doesn’t

• 14:50 Avoid complications by submitting employment certification annually

• 20:15 Borrowers can audit student loan payment counts

Links mentioned:

• PSLF Help Tool

• StudentAid.gov

Like the show? There are several ways you can help!

• Follow on Apple Podcasts, Spotify or Amazon Music
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Feeling helpless when it comes to your student loans?

• Try our free student loan calculator
• Check out our refinancing bonuses we negotiated
• Book your custom student loan plan
• Get profession-specific financial planning

Do you have a question about student loans? Leave us a voicemail here or email us at help@studentloanplanner.com and we might feature it in an upcoming show!

The student loan world continues to change. Looming deadlines are approaching and there is an injunction to the Saving on A Valuable Education (SAVE) plan.

Listen in as student loan experts Kathleen Boyd, CFP®, CSLP® and Lauryn Williams, CFP®, CSLP®, AFC® answer your burning questions. Including factors and considerations for the SAVE plan injunction, Pay As You Earn plan, Income Contingent Repayment plan and IDR waiver.

• SAVE injunction news
• SAVE risk tolerance
• Pay As You Earn final call
• FAQs: When will forgiveness happen?
• Why is there an injunction?
• Should I stay on my student loan repayment plan?
• Income Contingent Repayment final call
• ICR and Parent PLUS Borrowers considerations
• IDR waiver consolidation considerations
• When will there be more student loan updates?
• Student loan deadlines to be aware of

Like the show? There are several ways you can help!

• Follow on Apple Podcasts, Spotify or Amazon Music
• Leave an honest review on Apple Podcasts
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Feeling helpless when it comes to your student loans?

• Try our free student loan calculator
• Check out our refinancing bonuses we negotiated
• Book your custom student loan plan
• Get profession-specific financial planning

Do you have a question about student loans? Leave us a voicemail here or email us at help@studentloanplanner.com and we might feature it in an upcoming show!

A looming June 30, 2024, deadline means big changes for student loan borrowers. Student loan experts Lauryn Williams and Connor Pierce explain why this is the last call for the IDR waiver, Pay As You Earn (PAYE) plan and Income Contingent Repayment (ICR) plan. Learn what’s at stake with these benefits phasing out and how to avoid costly mistakes.

In today’s episode:

03:58 Last chance for Pay As You Earn (PAYE) and why it’s crucial for professions with escalating incomes

13:30 Income Contingent Repayment (ICR) is going away for borrowers who don’t have Parent PLUS loans

20:24 IDR waiver benefits before they expire and why you might need to consolidate your loans before June 30, 2024

30:19 Undergrad borrowers on Saving on a Valuable Education (SAVE) could see their payments drop July 1, 2024

Like the show? There are several ways you can help!

• Follow on Apple Podcasts, Spotify or Amazon Music
• Leave an honest review on Apple Podcasts
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Feeling helpless when it comes to your student loans?

• Try our free student loan calculator
• Check out our refinancing bonuses we negotiated
• Book your custom student loan plan
• Get profession-specific financial planning

Do you have a question about student loans? Leave us a voicemail here or email us at help@studentloanplanner.com and we might feature it in an upcoming show!