Student Loan Planner

You can optimize your finances in many ways. To reach your goals, there are some things you need to do, but others you should avoid. If you don’t want to look back at the end of the year and say, “I wish I would have done that…”, this podcast is for you. Join Lauryn Williams, CFP®, CSLP®, and Meagan McGuire, CSLP®, as they talk about how to ditch misconceptions that can mess up your whole year, the right moves to overcome challenges and how to make 2023 your best financial year. In today’s episode, you'll find out: Why you should book a consultation even if you don’t think you need it What is the new Pay As You Earn plan Why you might need to enroll in PAYE right now Why budgeting isn’t the ‘big bad B word’ How to budget your expenses to save more and maximize your paycheck When you should never leave a balance on your credit card The first line of defense when dealing with or avoiding debt How a budget can help you avoid identity theft or credit card fraud The biggest mistake people make in 2023 The importance of estate planning documents Why you need life insurance and disability insurance to protect your family and finances Why you should add money to your 401(k) even if your employer doesn’t match it The top retirement and investing mistakes to avoid How retirement saving can lower your student loan payments Link mentioned: Find a doctor mortgage lender   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 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!

Exciting news for student loan borrowers! The new REPAYE plan proposed by President Biden aims to simplify the existing plan and offer more benefits to borrowers. It’s an earth-shattering moment in higher education. A few highlights include being able to file separately for taxes (if you’re married), qualifying for interest subsidies of 100%, and getting a 225% poverty line deduction to lower student loan payments. I’m diving into the nitty gritty details to help you understand how this plan may impact you.  In today’s episode, you'll find out: What is the new repayment plan The ins and outs of the family size deduction Who can access the new income-based repayment plan Why the new repayment plan is vital for borrowers Why you need to figure out if PAYE is right for you right now How the Biden Administration modifies the income-driven plan The impact of the changes on student loan borrowers How many borrowers could pay $100 or less on their student loans How we’ll serve this new group of borrowers who needs our advice Will the IDR plan be implemented What to do if you need to apply for a student loan forgiveness waiver What to expect next from student loans   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 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!

The Biden Administration announced a new income-driven repayment plan that can significantly benefit millions of student loan borrowers. Student Loan Advisors Meagan McGuire, CSLP®, and Conor Mahlmann, CSLP®, discuss the revamped REPAYE plan that was recently proposed. Find out how the modified plan increases the poverty line deduction and provides interest subsidies to lower payments for anyone on income-driven plans. Whether you have undergraduate or graduate loans, you’ll learn the mechanics of how the plan calculates payments and how it could affect you. Meagan and Connor also note that the plan is still in the commenting period and may be subject to changes. In today’s episode, you'll find out: The new plan isn’t really a new plan at all The basics of the proposed modifications to the REPAYE plan How the increase in poverty line deduction can instantly lower your monthly payments The role of adjusted gross income (AGI) in calculating your payment amount The interest subsidy that can cut your payment amount How it impacts couples who file taxes as married filing separately The biggest differences between the old REPAYE plan and the new REPAYE plan Why switching to PAYE down the line might not be an option What is double consolidation and why it makes sense for some borrowers How consolidation of forgiveness credit works When PAYE is best vs. the new revamped plan What to watch for with the IDR Waiver

I’ve got a very special show for you today. I’ll share how to put more money in your pocket to allow you to invest. Whether you’re just getting started investing for the first time or you want to significantly ramp up your investing, I’ll walk you through how to get to financial freedom faster than you ever dreamed possible. I’ll also tell you how to get our flagship investing course, Six Figure Debt to Six Figure Net Worth, at a 70% discount. In today’s episode, you'll find out: How to get started with investing if you’re not sure what to do New concepts and thoughts to take investing to the next level How to save tons of money and get to a passive income faster How to get control over the most important asset – your time The big 401(k) account balance deduction limit changes in 2023 How to lower your tax liability at the end of the year Why you shouldn’t report an accident to your insurance company if you’re not filing a claim Why you might want to avoid insurance companies with “mutual” in the name When you should move some of your checking account money to your savings account The importance of asking for three estimates on a project How to set up a better retirement account The role of tax loss harvesting in investing How to mix stocks and bonds together and what kinds of funds to put in each How to save 70% on Student Loan Planner®’s flagship investing course Link mentioned: Six-Figure Debt to Six-Figure Net Worth 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 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!

If we knew what was going to happen in 2023, we could position our portfolios for maximum growth. But you don’t need to do that. There are some really great things going on with the investment climate. Combine that with the superpower you’ve got with your education and degree, and you can secure more financial freedom and choices for your family. You can’t predict the future, but you can take steps to make 2023 a year of explosive wealth growth for you. In today’s episode, you'll find out: What is the superpower you have with your education and degree The circumstances around the last time we had inflation take off around 1968 Are we going to have a recession in 2023 Why inflation might not be good, even if you’re a student loan debt holder The importance of diversification What happens if you have low interest rates vs. high interest rates What’s going on in investing right now How professional degrees are more protected from the economy than bachelor’s degrees Some risks you might see in 2023 Whether you can continue to invest at the same level you were before How to achieve outrageous financial success in the new year   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 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!

For many student loan borrowers, saving money can be daunting. Knowing how to save and where to put your hard-earned money can be a difficult decision to make. Student Loan Advisors Dan Rooker, CFP®, CSLP®, and Ben Lacomis, CSLP®, are here to help you make the best financial decisions. Here’s a sneak peek into savings rates, updated savings and contribution rates for retirement accounts, and other common savings buckets to watch for, as well as examples of where you could save in 2023.   In today’s episode, you'll find out:   The average savings rate in 2020 and why it was so high What Dan and Ben are looking forward to next year How Dan is approaching travel in 2023 Ben’s focus on financial planning and growth in 2023 How to calculate your savings rate with student loan debt About the net worth calculator in our Student Loan Calculator spreadsheet The best place to put your money in 2023 Savings caps for retirement, health-related savings, and education savings 401(k), 403(b) and 457 plan maximums for next year What is a health savings account (HSA) HSA savings caps for next year Why HSAs are the Holy Grail of investment accounts How the Secure 2.0 Act can help employees save for retirement How income-driven repayment (IDR) plans can improve your net worth When to recertify your income if you’re on an IDR plan Why borrowers with Direct Loans can hold off on recertifying for now   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 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!

The holidays are a great time to think about the gift of education. For all the parents who have borrowed on behalf of their children to ensure they had an education, we want to give you a round of applause. Parent PLUS loans can add a layer of financial stress. Senior Student Loan Advisors Lauryn Williams, CFP®, CSLP®, and Meagan McGuire (Landress), CSLP®, dedicate this episode to the 3.4 million borrowers of Parent PLUS loans. Whether you’re a parent with Parent PLUS loans or you’re a student and your parents have Parent PLUS loans, this episode is for you. In today’s episode, you'll find out: How 529 plan contributions make a great holiday gift The average Parent PLUS loan balance per borrower How double consolidation could have qualified Parent PLUS loans for the PSLF Waiver Repayment options for Parent PLUS loans, including PSLF Who’s responsible for repaying Parent PLUS loans Can you transfer the Parent PLUS loan to your child What interest rates are usually available for Parent PLUS loans Why Parent PLUS loans are best suited for middle-class families The application process for Parent PLUS loans How a pre-debt consultation can help you avoid painful student loan repayments after graduation How community property states treat Parent PLUS loans and why where you live matters for future planning When do student loan payments begin for Parent PLUS loans When should you start paying off your student loans The four different repayment plans available under the income-driven umbrella How Parent PLUS loan borrowing works if you have multiple children   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 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!

Student loans have been anything but predictable over the past three years. The changes have raised many questions, but we have the answers! Join top student loan experts Meagan McGuire (Landress), CSLP®, and Sim Terwilliger, CFP®, CSLP®, as they take a deep dive into the questions they’re seeing right now. Their combined insight and expertise can help you get the most out of the payment pause, refunds, payment count updates, forgiveness, and changes coming down the line. In today’s episode, you'll find out: Does working 70% full-time count for PSLF PSLF changes to expect in July How to get a refund on student loans Has anyone actually gotten a refund for overpayment How long does it take to get a payment count update What to look out for if you think your loans are forgiven, but you aren’t sure Best case and worst case scenarios for FFEL considerations Does forgiveness have any impact on your credit The importance of reframing your student loan payment as a tax   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 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!

Reviewing and assessing your progress over the last year can help to keep you on track to reach your goals. But what exactly should you do? Finish the year strong and set yourself up for success in 2023 with these key money moves from Senior Student Loan Advisors Lauryn Williams, CFP®, CSLP®, and Meagan McGuire (Landress), CSLP®. In today’s episode, you'll find out: How to fix your Roth IRA if you’ve been filing taxes separately Why you can’t have outstanding pre-tax accounts in your Roth IRA (or backdoor Roth IRA) How an HSA can lower your student loan payment and fuel your retirement savings How to use income-driven repayment plans to lower your student loan payment When you should amend your tax return Why you shouldn’t wait until the last minute to book a consult or file taxes How to take advantage of some uncertainties in the system What to do if you’ve got a lot of cash laying around Steps to take if you’re waiting for the tax-free loan cancellation Whether you’ll have tax liability under the new student loan repayment plan Links mentioned:  I Bond from Treasury Direct Student Loan Tax Experts     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 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!

Why the PSLF waiver (that expired last month) isn’t really over and the confusing extension to the student loan payment pause are just two recent developments that continue to unfold around student loans. Senior Student Loan Advisors Rob Bertman, CFA, CFP®, and Meagan McGuire (Landress), CSLP®, as well as Student Loan Advisor Sim Terwilliger, CFP®, CSLP®, will walk you through the latest updates that can make or break your student loan repayment plan.  In today’s episode, you'll find out: Why the PSLF waiver isn’t really over The latest extension to the payment freeze What it means to extend the payment pause to 60 days after relief is granted How the delayed payments impact federal student loans How the IDR waiver came about PSLF eligibility under the IDR waiver How to know if you qualify for longer-term forgiveness What to expect in July 2023 for PSLF The PSLF changes that take effect July 1, 2023, and why there’s no retroactive credit The impact of consolidating direct loans when working in public service How the weight average payment count will be calculated Why the payment pause is coming at the perfect time   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   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!