Student Loan Planner Student Loan Cancellation Complaints and Challenges
Sep 6, 2022
39:44
The Biden Administration announced student loan cancellation, and it’s a pretty big deal. But a report was released this past week about potential lawsuits filed against the cancellation. It’s a lot to take in, but the outcome could have a huge impact on student loan borrowers.
So, I’m breaking down the impact of the cancellation, what could happen if there’s a lawsuit, and how it fits together with the PSLF Waiver and IDR Waiver.
In today’s episode, you'll find out:
- If the student loan cancellation is struck down, what happens to the current student loan pause
- What is the risk of a lawsuit
- Why the new “Biden IDR” plan is a big deal
- What the new repayment and forgiveness plan does for borrowers
- How high-income earners with high student loan debt will be impacted
- How will schools react to the new plan
- What’s going on in the business, a personal update and special thank you to our listeners and readers
Like the show? There are several ways you can help!
- Follow on Apple Podcasts, Spotify or Google Podcasts
- Leave an honest review on Apple Podcasts
- Follow on Facebook, Twitter, or LinkedIn
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