Student Loan Planner

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  

As PSLF timing issues arise and the deadline approaches for Operation Fresh Start, it’s time to get clear on a few things... Join Meagan Landress, CSLP®, our Senior Student Loan Advisor, as she welcomes our newest Student Loan Planner consultant, Ben Lacomis, CSLP®, to the team. Let’s get to know Ben and what makes him a unique and valuable asset to the SLP community, then we’ll break down the most recent issues and questions regarding the PSLF Program and Operation Fresh Start. In today’s episode, you'll find out: Ben’s background & What inspired him to become Certified Student Loan Professional (CSLP®) How Operation Fresh Start will help people with loans in default The deadline to apply for Operation Fresh Start’s default resolution How PSLF consolidation works  What to do if your payment count was restarted to zero Why loan servicers (Mohela and FedLoan) are asking for a W2 alongside employment certification forms The average timeline for PSLF and timing issues we’re seeing with the PSLF Waiver Potential reasons why your employment certification form could get rejected  What to do if your employment certification form got rejected Tips and advice on submitting a PSLF reconsideration request process Will transferring from FedLoans to Mohela delay my PSLF process Links mentioned:  Call the Default Resolution Group at 1-800-621-3115 PSLF Help Tool PSLF Reconsideration Request Form Join a PSLF Facebook Group by Occupation Use our free student loan calculator Manage Your Student Loans (studentaid.gov)   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!

Read “Biden’s Student Loan Cancellation and Forgiveness Plan (Fully Updated)” on our blog at https://www.studentloanplanner.com/joe-biden-student-loan-plan

Our very own Lauryn Williams, CFP®, CSLP®, and Sim Terwilliger, CFP®, CSLP®, are tackling case studies of real student loan borrowers. They’re factoring in student loan balance, income, expenses, and other factors going on in their lives, giving you an inside look at how best to manage specific scenarios. The dynamic duo also answer frequently asked questions to help you better navigate your student loans. In today’s episode, you'll find out: What to consider when you or your spouse wants to stay at home The best tax advantages available to nearly every borrower What is a Roth 401(k) and how does it work The role of community property states in student loans How estate planning fits into your student loan plan Why you need to certify your loans for forgiveness even if you’re moving abroad When Total and Permanent Disabilty Discharge comes into play Why you must save for retirement even if you don’t plan to stop working Mental health factors to consider in financial planning How to plan for student loans if you want to get married (or are already married) When to throw extra money at student loans and when to save money How to find balance with how you want to live your life 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!

  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

Student Loan Planner’s very own Meagan Landress, CSLP®, and Sim Terwilliger, CFP®, CSLP®, sit down to discuss the differences between financial planners, financial coaches, and sales representatives. This is an important conversation that will give you more confidence and clarity when it comes to choosing the right professional to trust with your finances! In today’s episode, you'll find out: How planners, coaches, and sales reps overlap, and where their roles differ What to consider when you’re being marketed insurance products Why the CFP (Certified Financial Planner) is the gold standard designation to look for How these different professionals are compensated (ex. fee only, fiduciary, etc.) How to find an advisor that can specifically help you with your 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

An earth-shattering report about the Public Service Loan Forgiveness (PSLF) program came out a few weeks ago by the National Bureau of Economic Research (NBER). I’m diving in and breaking it down, so you can see just how powerful the PSLF Waiver and IDR Waiver could be if more people knew about it. I’m also sitting down with Taylor, a special guest from the SLP community. As a borrower herself, Taylor’s case study illustrates who may or may not benefit from the PSLF or IDR waiver. In today’s episode, you'll find out: Why the PSLF report is so shocking (spoiler alert: $145 billion is eligible for immediate forgiveness, but people are missing out – especially teachers) About $8 billion in student loans has been forgiven through the PSLF Waiver The Income-Driven Repayment (IDR) Waiver will see billions more being forgiven, but borrowers are still waiting for that to process before seeing any tangible results Taylor’s student loan story How Taylor accumulated her loans while pursuing her undergrad degree Taylor’s mix of public and private loans from grad school What to expect from the upcoming IDR Waiver Who is eligible for the PSLF Waiver What holds so many teachers and counselors back from taking advantage of the Waiver My fear about millions missing out on this opportunity How you can do your part to spread our message to more people who need it   Link mentioned: Waivers for the Public Service Loan Forgiveness Program: Who Would Benefit from Takeup? 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

Ken Ruggiero, CEO and Co-founder of Ascent, joins me and we look at his unique journey to founding Ascent, a fintech company that applies a holistic lens to the student loan industry. It’s the kind of discussion that’s full of diverse insight into governmental policy, first-hand knowledge of the student loan industry’s long history and the reflections on the outsized power that higher education lobby wields. Learn how Ascent has been honored by the American Bankers Association for its data- and tech-driven approach that also incorporates educational elements to advance financial literacy, life skills and career support. You’ll also get a peek into Ken’s emphatic advice: If you’re struggling to keep up with payments, don’t go into denial. Loan providers are there to help you work it out! In today’s episode, we’re covering: Ken’s professional evolution within the student loan sector over the past two decades A complex understanding of the context for FFEL loans How student loan and FFEL restructuring made Ken step away What events propelled Ken’s decision to re-enter the student loan market in 2017 How Ascent grew out of a desire to serve students who have no resources, no credit and no support in funding their education Ken’s journey of Ascent’s loan portfolio performance and forbearance amidst pandemic Why anyone would use a private student loan in today’s environment  Why private student loan companies like Ascent exist Refinancing and whether it makes sense to renegotiate your loan, including Ken’s advice Ken’s explanation of the finer points of Parent PLUS and Grad PLUS loans, patterns and shifts in borrowing A back-door method of education funding that parents without resources might try Alternatives to student loans that Ken recommends All about Ascent’s Bright Futures Engine that integrates student loans with the preparedness and healthy financial habits for students What is peak season and why it matters Links mentioned: Learn about Ascent’s Bright Futures Engine Find Ken on LinkedIn   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

Pretty much everything regarding student loan debt is in flux right now, so it’s a perfect time to get the facts straight and bust some misconceptions. Hopefully, this will ease your mind a bit and empower you to get the assistance you need to go after the debt relief you deserve. Join me in this episode as I break down some popular misconceptions about the PSLF Waiver and IDR Waiver programs, as well as a few other pertinent issues and updates around student loan debt relief, interest capitalization, and more. In today’s episode, you'll find out: The major benefits of joining an occupation-specific PSLF Facebook group (check out the links below to join one!) How much student debt could be forgiven for teachers, nurses, social workers, etc through the PSLF Waiver Whether the PSLF Waiver is creating more or less inequality in student loan debt The truth about the most common misconception: You can only benefit from PSLF if you have 120 months (10 years) of credit. The specifics about the Department of Education’s IDR Waiver and what it means for you What is Biden’s newest proposal to change interest capitalization, when it’ll go into effect, and how it will affect loan borrowers What you need to know about our pricing changes that go into effect September 1 Links mentioned:  Request an IDR and PSLF waiver webinar for your organization Join a PSLF Facebook Group by Occupation Join the PSLF-Eligible Physicians Facebook Group Use our free student loan calculator Manage your student loans at StudentAid.gov) 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

Biden’s Student Loan Changes & What They Mean for Your Student Loan Debt The Biden Administration recently came out with a variety of sweeping proposals which are going to impact your student loans in a BIG way. These changes aren’t slated to go into effect until July 2023, but they might start even earlier than that. Join me as I break down the new changes to student loans that the Biden Administration proposed and what other changes we can expect from the Department of Education in the near future. In today’s episode, you'll find out: How interest capitalization may impact your student loans New changes the Biden Administration made to the PSLF rules How to join our occupation-specific PSLF Facebook group for more support Borrower defense settlement applications, potential benefits and dangers What to do if you feel like your degree gave you no value How the Supreme Court might handle the Borrower Defense settlement Potential updates and impacts of student loan cancellation, payment restart, and more What new information there is about the upcoming IDR Plan Whether these recent changes to student loans will increase the inequality in student loan debt (spoiler: We think so…) If the student loan pause will be extended past August 31st, 2022 Links mentioned:  Borrower Defense application Request an IDR and PSLF waiver webinar for your organization 17 Best Physician Home Mortgage Loans in 2022 Use our free student loan calculator Manage Your Student Loans at studentaid.gov   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