Student Loan Planner Could the New IDR Plan Be Delayed? (Plus Top Listener Questions Answered)
Nov 8, 2022
45:57
The new IBR plan is supposed to be available by July 2023, but it might not happen as promised. I’m diving into what’s causing the delay that could push it out until late 2023 or even July 2024. There are also hot developments going on with student loan cancellation, and I’m sharing new strategies coming down the pipeline based on recent announcements. Plus, I’m taking some listener questions. We’ve got a lot to cover… are you ready?
In today’s episode, you'll find out:
- Why commercially-held FFEL loans don’t qualify for Biden’s cancellation
- The easiest path for someone to sue to block Biden’s student loan cancellation plan
- When you should NOT apply for the $20,000 cancellation
- Why the new IBR plan is being delayed and what it means for borrowers
- When will the new IBR plan be available
- New strategies for residency and fellowship
- Best advice for residents and fellows who are single
- What to do if you’re working for a not-for-profit employer
- How deferment and forbearance can count in certain cases for PSLF
- My thoughts about the lawsuit: Do state attorneys general have standing to sue
- What I think will happen after the election
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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!