Join me in this episode as we delve into the PSLF waiver report card. While I'm thrilled to see a growing number of individuals in our community receive forgiveness through the PSLF waiver, the low 20% success rate highlights the confusion borrowers face in determining where to apply and which loans to consolidate.

I'll then draw a comparison between the PSLF waiver and the student loan forgiveness initiative, which boasted a much higher 60% take-up rate and a simplified application process.

Finally, we'll assess the successes and disappointments of the Biden administration's student loan relief initiatives to date.

In today’s episode, you'll find out:

The confusion among borrowers that led to the low success rate of the PSLF waiver
Why student loan debt cancellation faced legal challenges, but the PSLF waiver did not
How the PSLF waiver widened the racial wealth gap
The difference between PSLF and IDR waiver
The biggest determining factor on the success of the IDR adjustment
Why the student loan cancelation plan is entirely political
The importance of the 12/36 rule
What it takes to get transformational savings on your student loans
How modifying an existing income-based repayment plan can be dangerous

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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!

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