New Money New Problems Podcast The SAVE Plan Is Doomed: What's Next?
EPISODE RESOURCES
ESLD Guide to Income Driven Repayment Plans
Navigating the End of the SAVE Plan: What's Next for Your Student Loans?
In this episode we talk the end of the SAVE Repayment plan and explore the implications for borrowers. Find out who benefits from different Income Driven Repayment (IDR) plans and the importance of immediately switching plans for those eligible for forgiveness. Between alternative IDR plan options, changing federal policies, and important deadlines, this episode equips listeners with crucial information to make informed financial decisions regarding their federal student loans.
00:53 Impact of the SAVE Repayment Plan Ending
03:17 Settlement and Forgiveness Credits Updates
06:53 Options for Switching Income Driven Repayment Plans
15:55 Urgent Actions for Forgiveness Eligibility
21:15 Conclusion and Future Updates