Betsy Mayotte

Betsy Mayotte, President of the Institute of Student Loan Advisors, provides expert insights into the resumption of student loan payments after a three-year pause. She breaks down crucial steps for borrowers to prepare, from updating servicer info to understanding diverse repayment plans. Betsy illuminates options for loan forgiveness, especially for public service workers, while clarifying the distinctions between forbearance and deferment. Listeners also learn smart strategies like the avalanche and snowball methods for effective loan management as they navigate this financial terrain.

Anna Sale, the insightful host of WNYC’s Death, Sex & Money, teams up with Betsy Mayotte, founder of the Institute of Student Loan Advisors, to tackle the complexities of student loans during the pandemic. They discuss the CARES Act and who qualifies for relief, including strategies for Public Service Loan Forgiveness and the impact on private loans. The duo also highlights financial tips, warns about potential scams, and emphasizes the importance of understanding your loan type to make informed decisions. A practical guide for navigating these challenging times!