There are no guarantees when it comes to the future of federal student loans, but there are some clear data points and indicators — and I’m sharing my views on what will happen next. I’ll take questions from listeners and deconstruct several scenarios that could impact student loan repayment as we head into midterm election season. Between the political and practical factors that will determine what happens next, I’ll explain why my I think the current pause will extend at least through the end of 2022.
You’ll also be the first to hear about an exciting new development at Student Loan Planner, which has just expanded its services to offer insurance coverage. With the same ethical approach we’ve taken to student loan strategies, SLP Insurance LLC will advocate for your best interests, which means providing the best coverage at the best rates.
In today’s episode, you'll find out:
- Listener questions about pre-paying loans, refinancing in an atmosphere of overall spiking interest rates, PSLF waivers and how to get creative about certification when your employer changes tax status
- Will the current student loan pause be extended through the end of the year
- Why did the Biden Administration choose to extend the pause through August 2022
- What I think about a few election season announcements about $10,000 of debt cancellation, a generous new income-based repayment plan, and an IDR waiver
- What you need to know about Operation Fresh Start
- What might happen if Congress remains under Democratic control after the midterm elections, and what if the Republicans prevail
- Our new Student Loan Planner initiative of SLP Insurance LLC
- How SLP Insurance extends the same ethical approach used to optimize student loan strategies and repayment to grow wealth and security for student loan borrowers and professionals
- How the agency can help people shop for life and disability insurance
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