Jill on Money with Jill Schlesinger Student Loan Payment Strategy
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Sep 22, 2025 The discussion dives into the nuances of student loan repayment strategies, highlighting the tension between income-driven plans and the uncertain fate of the Public Service Loan Forgiveness program. Logan shares insights on managing his substantial grad-school debt and the impact of COVID-era payment pauses. Jill emphasizes the importance of building a hefty emergency fund while navigating shifting repayment rules and considering future financial flexibility. It's a practical guide for anyone grappling with loan repayment amidst evolving policies.
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Borrower With Large Grad Debt And 15 Years Paid
- Logan has $98,000 in graduate-school debt and 15 years of qualifying payments toward forgiveness.
- Current COVID-era pauses and policy changes left his payment at zero and future terms unknown.
Policy Changes Create Repayment Uncertainty
- Policies and repayment options can change midstream, creating uncertainty about future payments and forgiveness.
- That uncertainty makes preserving optionality and liquidity a rational strategy.
Prioritize Liquid Emergency Savings
- Build an emergency fund first and keep the money accessible in high-yield savings or short CDs.
- Preserve optionality for potential loan forgiveness instead of rushing to pay off the student loan completely.