Escape Student Loan Debt Podcast

Tune in as we cover the dangers of Parent PLUS Loans, and a limited opportunity these borrowers have to get out of harm's way! And if you haven't already, join our email list at escapestudentloandebt.com !

In part 2 of our series on the SAVE payment plan, we cover reaasons why you WOULDN'T choose the plan. EPISODE RESOURCES SAVE Plan Timeline of Changes And if you haven't already, sign up for our email list at escapestudentloandebt.com!

In this episode, we cover some of the immediate changes available through the Saving on A Valuable Education (SAVE) plan, as well as some changes due to be launched in 2024. EPISODE RESOURCES SAVE Plan Timeline of Changes And if you haven't already, sign up for our email list at escapestudentloandebt.com!

Check out Session 1 of our live course, STUDENT LOANS BACK! WHAT NOW?! Registrants get lifetime access to the recordings, along with downloadables and resources to help with their loans. Check out the link below to purchase the course, and use the discount code 3LEFT for 25% off through Friday, September 22nd! COURSE REGISTRATION PAGE DISCOUNT CODE: 3LEFT (25% OFF)

What happens if you can't (or won't) make your student loan payments in October? PLUS! Sign up for our LIVE Course, 'Student Loans Back! What Now?' SIGN UP FOR THE COURSE! EPISODE RESOURCES On-ramp program details Student Loan Delinquency and Default And if you haven't already, join our email list at escapestudentloandebt.com

While over 800,000 people just got word their student loans are being forgiven, thousands more are staring at forgiveness credits that haven't changed the way they'd hoped. In this episode, we cover why we're experiencing these delays, and when you can expect things to change.   EPISODE RESOURCES Sample Credit Update Letter IDR Update Timeline   And if you haven't already, join...

Private student loans don't have anywhere near the flexibility offered by federal loans. So it begs the question ... why would anyone refinance? In this episode, we tell you why.   EPISODE RESOURCES Private Student Loan Offers Current Federal Loan Rates   Check it out! And if you haven't already, join our email list at escapestudentloandebt.com!

In this episode, we compare federal student loans to what you'd find by refinancing with a private lender. Check it out! And if you haven't already, join our email list at escapestudentloandebt.com!

Federal student loan interest is about to kick in for the first time in 3 years. In this episode, we tell you how interest on student loans works in the first place. Tune in ... EPISODE RESOURCES Interest Capitalization The SAVE Plan And if you haven't already, join our email list at escapestudentloandebt.com!

The Supreme Court just struck down the Biden Student Loan Forgiveness Program! In this episode, we talk about why the rationale used to cancel the program is a key indicator of what's next for student loans, and how it impacts your student loan journey. Sign up for more updates at escapestudentloandebt.com!

A quick note ...

Having a federal student loan default is one of the worst things that can happen to your finances. Fortunately, a TEMPORARY program will help defaulted borrowers restore their loans to good order with as little as a phone call. Check out this episode to see how EPISODE RESOURCES Fresh Start Program Details https://studentaid.gov/announcements-events/default-fresh-start And if you haven't alre...

The recent negotiations that we've seen for the Debt ceiling have confirmed that there is no extension coming. Student Loan payments will restart in the fall of this year. In this episode, we talk about how those Debt ceiling negotiations will affect your loans and how to make sure you're prepared when those payments actually do kick back in.

After months of waiting, the Department of Education has (finally) released more details about the guidelines and timeline for the enacting the Income Driven Repayment Plan Waiver. Join us as we dig into the details of the waiver, and walk you through a sample student aid file to show how you can check your own progress towards loan forgiveness. EPISODE RESOURCES IDR Waiver FAQ   And if you haven&...

As student loan guidelines change and they apply past credit to borrowers' accounts, it's important you know how to review your loan history. In this episode, we discuss how to download and review your NSLDS data file, and easter eggs in the document that could lead to faster loan forgiveness than you think.   EPISODE RESOURCES Student Aid Website   And if you haven't already, subsc...

Round 2 of The Showdown! In one corner, Pay As You Earn (PAYE): the IDR plan that will be unavailable to new borrowers starting in July 2023. In the other, the (revised) Revised Pay As You Earn: the updated plan that if chosen by borrowers eligible for PAYE, will be a permanent decision that renders them unable to return to PAYE. Tune in as we start weighting the pros and cons of each repayment op...

It's time for the Showdown, Pt. 1 In one corner, Pay As You Earn (PAYE): the IDR plan that will be unavailable to new borrowers starting in July 2023. In the other, the (revised) Revised Pay As You Earn: the updated plan that if chosen by borrowers eligible for PAYE, will be a permanent decision that renders them unable to return to PAYE. Tune in as we start weighting the pros and cons of eac...

In July of this year, federal borrowers currently eligible for the Pay As You Earn plan will have to make the permanent decision to stay on the plan, or take advantage of the updated Revised Pay As You Earn plan. In this episode, we start the process of updating you on the (many) changes to the plan, with the goal of giving you the tools to decide which plan is right for you! EPISODE RESOURCES New...

In late February, the Supreme Court heard arguments in two lawsuits challenging the Biden Administration's authority to forgive either $10,000 or $20,000 of federal student loans for eligible borrowers. In this episode, we discuss the status of the case, and how the timing of the Supreme Court's decision might be even more important to some borrowers than whether or not the forgiveness p...

In July of this year, major changes are coming to one of the flagship Income Driven Repayment plans for federal student loan borrowers. But a consequence of accepting the changes offered by this new plan is that in doing so, you will be shut out of participating in another popular IDR plan. As we get closer to July, we're building up your knowledge on IDR plans so that when the time comes to...

In July of this year, major changes are coming to one of the flagship Income Driven Repayment plans for federal student loan borrowers. But a consequence of accepting the changes offered by this new plan is that in doing so, you will be shut out of participating in another popular IDR plan. As we get closer to July, we're building up your knowledge on IDR plans so that when the time comes to...

There are several key upcoming dates for student loans in 2023. Check out our episode to know what steps are needed to keep your loans in check in the new year Episode Resources Federal Student Aid Website Direct Consolidation Loan Application   Subscribe to the podcast and learn more about our flagship student loan course, Escape Student Loan Debt, at https://www.escapestudentloandebt.com/

Since the launch of Public Service Loan Forgiveness, state employment laws have made it difficult for many physicians in Texas and California to qualify. But a HUGE update recently announced by the Department of Education could mean these docs are much closer to loan forgiveness than ever before. Join us as we recap these changes and how they might impact you!! EPISODE Resources Future of PSLF Fac...

Shortly after the expiration of the Public Service Loan Forgiveness Limited Waiver, the Department of Education (kind of) extended it! Join us for Part 2 to learn some temporary and some permanent changes to PSLF, as well as Income Driven Repayment Plans! EPISODE RESOURCES Future of PSLF Fact Sheet   Direct Consolidation Loan Application     Subscribe to the podcast and learn more about our flagsh...

Just before the Thanksgiving Holiday, student loan borrowers were given their first holiday gift: ANOTHER extension of the student loan payment freeze! EPISODE RESOURCES Department of Ed Press Release   Future of PSLF Fact Sheet   Direct Consolidation Loan Application     Subscribe to the podcast and learn more about our flagship student loan course, Escape Student Loan Debt, at https://www.escape...