Student Loan Planner: Recent Episodes
Travis Hornsby
Travis helps you navigate the insane world of student loans, especially if you owe $50,000 to $1 million. If you've ever spent too much time on the phone with your loan servicer, this is the show for you. Every week we share tips on loan forgiveness, investing, crushing debt, and how to get to financial freedom when you owe more than most people's mortgage.
Summer’s winding down and, let’s be real, if you’ve got kids, you’re counting the minutes until school starts. But whether you’re squeezing in that last vacation or piecing together a back-to-school checklist, we make the case that you should also start collecting something else: so-called “old person hobbies.”
We share why diving into activities like sourdough baking, tree planting, or astronomy could save your sanity (and maybe even your wallet)—even when juggling six-figure student loans and a hectic career. We talk practical ways to get started, how low-cost hobbies can help you invest in your future self, and why giving yourself permission to enjoy life is one of the best financial moves you can make.
Key moments:
(00:00) Why “old person hobbies” are worth exploring well before retirement
(01:19) How my wife and I found sanity through sourdough and star-gazing
(02:12) Why my 20s self didn’t get it, and what shifted for me in my 30s
(03:25) How to start a long-term hobby for under $10
(05:32) Building a financial plan that lets you actually enjoy your life
Like the show? There are several ways you can help!
- Follow on Apple Podcasts, Spotify or Amazon Music
- Leave an honest review on Apple Podcasts
- Subscribe to the newsletter
- Join SLP Insiders for student loan loopholes, SLP app and member community
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
- Get profession-specific financial planning
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!
Mentioned in this episode:
The SLP YouTube Channel
If you're more of a visual learner or you like seeing charts, breakdowns, and exploring other topics, check out https://youtube.com/studentloanplanner
Free Student Loan newsletter
If you are not already getting our weekly newsletter every Thursday, you are missing out. We break down studio loan news, updates, money tips, all in one helpful newsletter. Sign up for free at https://studentloanplanner.com/newsletter
Most people who care about money — especially those with big student loans — eventually end up worrying, "Am I on track to retire?" But that’s not the right question. Today, I break down why obsessing over retirement misses the point, and explain how shifting your focus to what you actually want in the next year can have a much bigger impact.
Plus, I get real about what happened when I chased early retirement myself — and what really mattered in the end.
Key moments:
(02:36) What financially interested people get wrong and why planners aren’t just for the ultra-wealthy
(05:44) What keeps high earners from enjoying their money
(07:12) My own early retirement attempt and the surprising lesson it taught me about purpose
Like the show? There are several ways you can help!
- Follow on Apple Podcasts, Spotify or Amazon Music
- Leave an honest review on Apple Podcasts
- Subscribe to the newsletter
- Join SLP Insiders for student loan loopholes, SLP app and member community
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
- Get profession-specific financial planning
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!
Mentioned in this episode:
Tips I Can't Share Publicly
Getting our free newsletter? Upgrade your experience and discover student loan loopholes so good, they might get repealed if I talk about them publicly. Find out my very best thought leadership that I really just can't be open about anymore, unfortunately. If you want to get our very best tips, not just the ones that I can share for free. Go to studentloanplanner.com/insider to get a special discount for your year membership.
Want more? Check out our other podcast
Starting to think beyond your student loans? Check out our other show, Financially Free Era. It's about what comes next, investing, building wealth, and designing a life you actually want. Find "Financially Free Era by SLP Wealth" in your podcast app.
If you're coming out of professional school this fall, here's the quirk in your favor: you almost certainly didn't borrow after July 2026, which means you still have access to every repayment plan that existed before that cutoff. Some of these new-grad moves have been around for years, but the arrival of the Repayment Assistance Plan (RAP) changes the math, and we walk through the hacks that let high-debt full-payoff borrowers start $10 payments and get their interest wiped to roughly 0% for the first year.
Then we zoom out: why you shouldn't rewire your portfolio over AI-bubble jitters, and why the best financial call you make in your 20s or 30s might be spending the money before your knees give out.
Key moments:
(01:44) The cost of using your full six-month grace period after graduation
(02:26) Consolidating at graduation: when it’s a good idea, and when it’s a disaster
(05:19) How the interest subsidy hack can be worth $15K–$20K for high-debt grads
(08:36) Why I think you should take some non-financial risks while you’re young
Like the show? There are several ways you can help!
- Follow on Apple Podcasts, Spotify or Amazon Music
- Leave an honest review on Apple Podcasts
- Subscribe to the newsletter
- Join SLP Insiders for student loan loopholes, SLP app and member community
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
- Get profession-specific financial planning
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!
Mentioned in this episode:
Free Student Loan newsletter
If you are not already getting our weekly newsletter every Thursday, you are missing out. We break down studio loan news, updates, money tips, all in one helpful newsletter. Sign up for free at https://studentloanplanner.com/newsletter
The SLP YouTube Channel
If you're more of a visual learner or you like seeing charts, breakdowns, and exploring other topics, check out https://youtube.com/studentloanplanner
Servicers started sending official 90-day notices on July 1, and roughly 6 million borrowers are still sitting on SAVE trying to figure out what comes next. Learn what that notice actually means for your timeline, why the new 1% autopay interest reduction is more of a distraction than a deal for most people, and why consolidating right now could cost new grads a decade of extra payments.
Plus, the PSLF final rule that had borrowers panicking about their employers just got vacated in court, and we explain what that means for anyone chasing forgiveness.
Key moments:
(01:05) Notifications to leave the SAVE plan aren’t as urgent as they look
(09:17) Who really benefits from the 1% autopay interest rate reduction (and who doesn’t)
(14:05) The new consolidation trap for recent grads—and why pausing could save you a decade
(19:05) The PSLF court cases and how they redefine PSLF employer eligibility
Like the show? There are several ways you can help!
- Follow on Apple Podcasts, Spotify or Amazon Music
- Leave an honest review on Apple Podcasts
- Subscribe to the newsletter
- Join SLP Insiders for student loan loopholes, SLP app and member community
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
- Get profession-specific financial planning
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!
Mentioned in this episode:
Want more? Check out our other podcast
Starting to think beyond your student loans? Check out our other show, Financially Free Era. It's about what comes next, investing, building wealth, and designing a life you actually want. Find "Financially Free Era by SLP Wealth" in your podcast app.
Tips I Can't Share Publicly
Getting our free newsletter? Upgrade your experience and discover student loan loopholes so good, they might get repealed if I talk about them publicly. Find out my very best thought leadership that I really just can't be open about anymore, unfortunately. If you want to get our very best tips, not just the ones that I can share for free. Go to studentloanplanner.com/insider to get a special discount for your year membership.
AI hype is everywhere — and it’s about more than AI taking over your job. It also affects the stock market, your investments, and even your student loan paydown strategy. Find out if we’re living through another tech bubble moment, why student loan borrowers should pay attention, and how you might want to rethink where your extra cash goes in uncertain times.
Key moments:
(03:46) Deciding between paying extra on student loans vs. dollar-cost averaging into stocks
(07:00) Using the 4% and 3% rules to calculate how much you need for financial independence
(09:08) Regret-minimization (not just tax planning) should guide big financial decisions for student loan borrowers
(12:40) Capturing tax loss harvesting benefits if the market crashes
(13:41) Gauging which professions are most protected from AI
Like the show? There are several ways you can help!
- Follow on Apple Podcasts, Spotify or Amazon Music
- Leave an honest review on Apple Podcasts
- Subscribe to the newsletter
- Join SLP Insiders for student loan loopholes, SLP app and member community
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
- Get profession-specific financial planning
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!
Mentioned in this episode:
The SLP YouTube Channel
If you're more of a visual learner or you like seeing charts, breakdowns, and exploring other topics, check out https://youtube.com/studentloanplanner
The new RAP plan has gotten plenty of criticism, but it might not be all bad news for every borrower. Learn where RAP could help, where it could hurt, and why the right strategy depends so much on your income, forgiveness goals, and long-term financial picture.
Key moments:
(03:10) Who the RAP plan might actually help
(06:37) RAP affects forgiveness timelines and PSLF strategy
(08:20) Forecasting future income before choosing RAP
(10:51) Married filing separately and lowering AGI under RAP
(22:03) Extra payments and last-minute plan switching may backfire
Like the show? There are several ways you can help!
- Follow on Apple Podcasts, Spotify or Amazon Music
- Leave an honest review on Apple Podcasts
- Subscribe to the newsletter
- Join SLP Insiders for student loan loopholes, SLP app and member community
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
- Get profession-specific financial planning
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!
Mentioned in this episode:
Want more? Check out our other podcast
Starting to think beyond your student loans? Check out our other show, Financially Free Era. It's about what comes next, investing, building wealth, and designing a life you actually want. Find "Financially Free Era by SLP Wealth" in your podcast app.
Tips I Can't Share Publicly
Getting our free newsletter? Upgrade your experience and discover student loan loopholes so good, they might get repealed if I talk about them publicly. Find out my very best thought leadership that I really just can't be open about anymore, unfortunately. If you want to get our very best tips, not just the ones that I can share for free. Go to studentloanplanner.com/insider to get a special discount for your year membership.
We just got back from the NASFAA conference in Washington, D.C., and there's a lot to unpack. From the launch of the Repayment Assistance Plan (RAP) and what it means for forgiveness strategies, to new federal loan limits and whether private loans can fill the funding gap for future grad and professional students, we're breaking down what these shifts mean for current borrowers, schools, and anyone about to finance an advanced degree.
Key moments:
(03:59) Evaluating student loan options
(09:08) Financial aid challenges for “stopped out,” current and repeat students
(15:38) Concerns about student loan forgiveness
(20:21) Tuition discount rates in education
Like the show? There are several ways you can help!
- Follow on Apple Podcasts, Spotify or Amazon Music
- Leave an honest review on Apple Podcasts
- Subscribe to the newsletter
- Join SLP Insiders for student loan loopholes, SLP app and member community
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
- Get profession-specific financial planning
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!
Scroll through any financial feed, and you'll eventually hit the same pitch: AUM (assets under management) fees are a ripoff, and only foolish high earners pay them. We think that framing bends the math to sell you something, so we’re breaking down why AUM fees have become the villain in personal finance marketing and giving you a real test for judging whether any advisor is worth the cost.
Key moments:
(03:56) Fees should be judged against service value
(14:43) Separating bad service from bad fee models
(17:23) Flat-fee comparisons can exaggerate AUM costs
(28:02) Busyness and inertia create financial planning mistakes
Resources mentioned:
- Vanguard Advisor’s Alpha study
Like the show? There are several ways you can help!
- Follow on Apple Podcasts, Spotify or Amazon Music
- Leave an honest review on Apple Podcasts
- Subscribe to the newsletter
- Join SLP Insiders for student loan loopholes, SLP app and member community
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
- Get profession-specific financial planning
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!
Mentioned in this episode:
The SLP YouTube Channel
If you're more of a visual learner or you like seeing charts, breakdowns, and exploring other topics, check out https://youtube.com/studentloanplanner
You've heard of HENRYs, high earners who are not rich yet. But what if you're a high earner with six figures in student loan debt on top of it? That's a SHENRY, and the path to wealth looks different when a 401(k), a 457, an HSA, and a $300,000 loan balance are all competing for the same paycheck.
We walk through the five moves SHENRYs can make to accelerate wealth growth, from maximizing tax-advantaged accounts to using income-driven repayment as a cash flow tool to getting more out of the degree you already paid for.
Key moments:
(07:24) Wealth move 1: Max out tax-advantaged accounts
(08:03) Wealth move 2: Weaponize income-driven repayment
(09:09) Wealth move 3: Open a brokerage account early
(11:12) Wealth move 4: Use professional loan programs to optimize housing moves
(14:25) Wealth move 5: Two ways to maximize the value of your degree
Like the show? There are several ways you can help!
- Follow on Apple Podcasts, Spotify or Amazon Music
- Leave an honest review on Apple Podcasts
- Subscribe to the newsletter
- Join SLP Insiders for student loan loopholes, SLP app and member community
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
- Get profession-specific financial planning
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!
Mentioned in this episode:
The SLP YouTube Channel
If you're more of a visual learner or you like seeing charts, breakdowns, and exploring other topics, check out https://youtube.com/studentloanplanner
Tips I Can't Share Publicly
Getting our free newsletter? Upgrade your experience and discover student loan loopholes so good, they might get repealed if I talk about them publicly. Find out my very best thought leadership that I really just can't be open about anymore, unfortunately. If you want to get our very best tips, not just the ones that I can share for free. Go to studentloanplanner.com/insider to get a special discount for your year membership.
A brand new income-driven repayment (IDR) plan is coming, and the rules are stricter than anything borrowers have dealt with before. We break down what we know about the Repayment Assistance Plan (RAP): who qualifies, how payments are calculated, and the deadlines you may need to beat before older plans like Pay As You Earn (PAYE) close their doors.
If you have federal loans and want to make the right move during this transition window, this is where to start.
Key moments:
(03:57) Checking your loan types and RAP eligibility
(06:38) How RAP payments are calculated
(10:44) Unpaid interest subsidy and other RAP features
(18:26) RAP’s 30-year forgiveness and how it impacts PSLF
Resource mentioned:
- Repayment Assistance Plan (RAP) Calculator
Like the show? There are several ways you can help!
- Follow on Apple Podcasts, Spotify or Amazon Music
- Leave an honest review on Apple Podcasts
- Subscribe to the newsletter
- Join SLP Insiders for student loan loopholes, SLP app and member community
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
- Get profession-specific financial planning
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!
Mentioned in this episode:
The SLP YouTube Channel
If you're more of a visual learner or you like seeing charts, breakdowns, and exploring other topics, check out https://youtube.com/studentloanplanner
Free Student Loan newsletter
If you are not already getting our weekly newsletter every Thursday, you are missing out. We break down studio loan news, updates, money tips, all in one helpful newsletter. Sign up for free at https://studentloanplanner.com/newsletter
Since the One Big Beautiful Bill, the final student loan regulations have started landing, and we're seeing the real-world fallout in consultations every single day. We bring you what that looks like from the front lines: the latest ATF update on IDR backlogs, PSLF buyback wait times, and forgiveness eligibility checks, plus a few other things worth watching.
We also cover the consolidation trap new grads need to avoid, Parent PLUS loans showing up on files where they don't belong, and what the July 1 deadline really means if you're still stuck on SAVE.
Key moments:
(01:52) Why the ATF lawsuit updates matter for IDR and PSLF backlogs
(04:06) How forgiveness timing could trigger bigger tax bills in 2027
(08:36) 88,000 pending PSLF buyback applicants, duplicate applications, and delays
(12:14) Parent PLUS loan confusion: When your file shows loans you never took out
(20:10) Why new grads should think hard before consolidating, and how it can lock you into a 30-year plan
Like the show? There are several ways you can help!
- Follow on Apple Podcasts, Spotify or Amazon Music
- Leave an honest review on Apple Podcasts
- Subscribe to the newsletter
- Join SLP Insiders for student loan loopholes, SLP app and member community
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
- Get profession-specific financial planning
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!
Mentioned in this episode:
Want more? Check out our other podcast
Starting to think beyond your student loans? Check out our other show, Financially Free Era. It's about what comes next, investing, building wealth, and designing a life you actually want. Find "Financially Free Era by SLP Wealth" in your podcast app.
Tips I Can't Share Publicly
Getting our free newsletter? Upgrade your experience and discover student loan loopholes so good, they might get repealed if I talk about them publicly. Find out my very best thought leadership that I really just can't be open about anymore, unfortunately. If you want to get our very best tips, not just the ones that I can share for free. Go to studentloanplanner.com/insider to get a special discount for your year membership.
Grad PLUS loans are going away, and the phase-out is going to create one of the strangest stretches in the history of student loan financing. If you're enrolled in a graduate or professional degree program, about to start one, or know someone who is, the new borrowing limits taking effect July 1, 2026, will reshape how you pay for school and how you'll repay later.
Learn about the new borrowing caps, the orphaned group of borrowers caught in between, why taking a leave of absence could cost you everything, and what the coming wave of private lending chaos means for your wallet.
Key moments:
(01:44) Why taking a leave of absence could lock some students out of crucial loans
(06:19) When high-cost programs only stay open to the wealthy
(07:39) Why private loans won't fill every funding gap
(14:23) How shrinking loan money could reshape (or close) schools
Like the show? There are several ways you can help!
- Follow on Apple Podcasts, Spotify or Amazon Music
- Leave an honest review on Apple Podcasts
- Subscribe to the newsletter
- Join SLP Insiders for student loan loopholes, SLP app and member community
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
- Get profession-specific financial planning
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!
Mentioned in this episode:
Tips I Can't Share Publicly
Getting our free newsletter? Upgrade your experience and discover student loan loopholes so good, they might get repealed if I talk about them publicly. Find out my very best thought leadership that I really just can't be open about anymore, unfortunately. If you want to get our very best tips, not just the ones that I can share for free. Go to studentloanplanner.com/insider to get a special discount for your year membership.
The new federal student loan regulations are about to throw a wrench into grad and professional borrowers’ repayment options, and we’re tackling some of the most pressing questions borrowers are calling in with. We break down why one loan disbursed after July 2026 can flip somebody from a clear forgiveness path to being stuck in a repayment plan that costs you double (or more). You’ll also learn strategies for handling PSLF account issues, navigating income certification if your income drops, and the mental health toll all these changes might take.
Key moments:
(01:23) Why a single loan disbursed after July can potentially double your total repayment
(08:54) Using pay stubs vs. tax returns to certify IDR plan income
(15:26) Mental health, financial hopelessness, and why no student loan situation is truly unrecoverable
(24:21) Calculating physician debt-to-income ratio for PSLF as a resident vs. attending
(28:53) Why federal loan caps will trigger chaos in grad school funding and may force program closures or major tuition shifts
Like the show? There are several ways you can help!
- Follow on Apple Podcasts, Spotify or Amazon Music
- Leave an honest review on Apple Podcasts
- Subscribe to the newsletter
- Join SLP Insiders for student loan loopholes, SLP app and member community
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
- Get profession-specific financial planning
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!
Mentioned in this episode:
Tips I Can't Share Publicly
Getting our free newsletter? Upgrade your experience and discover student loan loopholes so good, they might get repealed if I talk about them publicly. Find out my very best thought leadership that I really just can't be open about anymore, unfortunately. If you want to get our very best tips, not just the ones that I can share for free. Go to studentloanplanner.com/insider to get a special discount for your year membership.
Want more? Check out our other podcast
Starting to think beyond your student loans? Check out our other show, Financially Free Era. It's about what comes next, investing, building wealth, and designing a life you actually want. Find "Financially Free Era by SLP Wealth" in your podcast app.
Everyone's wondering whether AI is coming for their job (or wallet), so it's fair to ask how close AI tools are to replacing a real human student loan advisor or even your future career. We get into why some professions may weather the AI storm better than others, what the superstar effect means for your career (and your loans), and how upcoming policy changes like the One Big Beautiful Bill Act will shake up borrowing limits, the decision between federal versus private loans, and long-term strategy.
We also share where human advice will always matter, and what all this means for you if you're managing loans, borrowing for school, or about to choose a degree.
Key moments:
(03:43) Comparing new AI models for real-life financial analysis
(05:20) The “superstar effect” and how AI will widen the gap between top and average earners
(09:54) Why real human expertise still matters most for high-stakes student loan decisions
(12:45) Upcoming federal loan limits, Parent PLUS problems, and the likely chaos from the One Big Beautiful Bill Act
Like the show? There are several ways you can help!
- Follow on Apple Podcasts, Spotify or Amazon Music
- Leave an honest review on Apple Podcasts
- Subscribe to the newsletter
- Join SLP Insiders for student loan loopholes, SLP app and member community
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
- Get profession-specific financial planning
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!
Mentioned in this episode:
Free Student Loan newsletter
If you are not already getting our weekly newsletter every Thursday, you are missing out. We break down studio loan news, updates, money tips, all in one helpful newsletter. Sign up for free at https://studentloanplanner.com/newsletter
The SLP YouTube Channel
If you're more of a visual learner or you like seeing charts, breakdowns, and exploring other topics, check out https://youtube.com/studentloanplanner
What happens when forgiven student debt becomes taxable income again? That’s the “tax bomb” we’re breaking down this week — why it’s coming back, who could get caught by surprise and what you can actually do about it (even if Congress keeps punting the ball down the road). We’ll get into 20- and 25-year forgiveness for private-sector folks, insolvency exclusions and why the whole mess falls hardest on servicers and borrowers.
We also talk about the real-world impact of recent rule changes, state-level quirks and my predictions for what might (and might not) change after 2026.
Key moments:
(00:42) Public Service Loan Forgiveness (PSLF) stays tax-free
(02:59) Who needs to worry about the tax bomb
(13:12) Using insolvency exclusions to lower (or wipe out) your student loan tax bill
(16:15) Why we expect Congress to make student loan forgiveness permanently tax-free in the future
Like the show? There are several ways you can help!
- Follow on Apple Podcasts, Spotify or Amazon Music
- Leave an honest review on Apple Podcasts
- Subscribe to the newsletter
- Join SLP Insiders for student loan loopholes, SLP app and member community
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
- Get profession-specific financial planning
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!
Mentioned in this episode:
Want more? Check out our other podcast
Starting to think beyond your student loans? Check out our other show, Financially Free Era. It's about what comes next, investing, building wealth, and designing a life you actually want. Find "Financially Free Era by SLP Wealth" in your podcast app.
Tips I Can't Share Publicly
Getting our free newsletter? Upgrade your experience and discover student loan loopholes so good, they might get repealed if I talk about them publicly. Find out my very best thought leadership that I really just can't be open about anymore, unfortunately. If you want to get our very best tips, not just the ones that I can share for free. Go to studentloanplanner.com/insider to get a special discount for your year membership.
A candid look at what our student loan experts are seeing in real-time consultations. The throughline: borrowers need to pull their heads out of the sand because too many are sitting on consolidation deadlines, surprise recertifications, and PSLF misconceptions that could cost them years of credit. The conversation moves from urgent Parent PLUS deadlines to PSLF edge cases, then to disability planning and ABLE accounts — every topic drawn from patterns the team is seeing across recent consults.
Key moments:
(03:47) Parent PLUS borrowers must consolidate before July 1 to preserve IDR access
(08:09) Servicers are pulling tax data months early — revoke IRS consent to control your recertification
(22:29) Big Beautiful Bill removes IBR's hardship test, reopening PSLF for high earners
(36:13) Disability creates two tracks: IDR recalculation for income drops, or Total and Permanent Disability Discharge
(42:07) ABLE accounts let families save for disability expenses with tax-free growth, and 529 funds can roll in
Resources mentioned:
- StudentAid.gov - official Federal Student Aid site for IDR, consolidation, PSLF, disability discharge, and more
Like the show? There are several ways you can help!
- Follow on Apple Podcasts, Spotify or Amazon Music
- Leave an honest review on Apple Podcasts
- Subscribe to the newsletter
- Join SLP Insiders for student loan loopholes, SLP app and member community
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
- Get profession-specific financial planning
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!
Mentioned in this episode:
The SLP YouTube Channel
If you're more of a visual learner or you like seeing charts, breakdowns, and exploring other topics, check out https://youtube.com/studentloanplanner
Free Student Loan newsletter
If you are not already getting our weekly newsletter every Thursday, you are missing out. We break down studio loan news, updates, money tips, all in one helpful newsletter. Sign up for free at https://studentloanplanner.com/newsletter
Graduate and professional school just got a lot trickier to finance. With the One Big Beautiful Bill (OBBB) Act slashing federal loan limits in 2026, figuring out how much you should borrow and whether private loans make sense is a whole different ballgame.
We examine old vs. new borrowing math, which degrees might justify taking out private loans, where the ROI completely falls apart, and how the profession you choose could make or break your financial future.
Key moments:
(01:13) Why borrowing used to function like a 10% “income tax”
(04:50) Who benefits from the old system vs. new 2026 rules
(06:40) Careers where high borrowing still makes financial sense
(10:08) Professions where private loans require careful planning
(22:02) Fields where private loans can seriously hurt your finances
Like the show? There are several ways you can help!
- Follow on Apple Podcasts, Spotify or Amazon Music
- Leave an honest review on Apple Podcasts
- Subscribe to the newsletter
- Join SLP Insiders for student loan loopholes, SLP app and member community
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
- Get profession-specific financial planning
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!
Mentioned in this episode:
Want more? Check out our other podcast
Starting to think beyond your student loans? Check out our other show, Financially Free Era. It's about what comes next, investing, building wealth, and designing a life you actually want. Find "Financially Free Era by SLP Wealth" in your podcast app.
Tips I Can't Share Publicly
Getting our free newsletter? Upgrade your experience and discover student loan loopholes so good, they might get repealed if I talk about them publicly. Find out my very best thought leadership that I really just can't be open about anymore, unfortunately. If you want to get our very best tips, not just the ones that I can share for free. Go to studentloanplanner.com/insider to get a special discount for your year membership.
We're bringing you a grab-bag of student loan updates you need to know about. Borrower defense letters are finally going out, long-term forgiveness is being processed (sometimes for borrowers who technically shouldn't qualify yet), and the Department of Education is quietly breaking its own IDR recertification timelines. We walk through what's actually happening, what to do if you're affected, and how to stay in control of your payment when the system isn't cooperating.
Key moments:
(03:16) PSLF buyback and why SAVE calculations are off the table
(06:02) Long-term forgiveness is processing, including some surprising cases three years early
(13:14) How to revoke tax return consent and take back control of your recertification date
(16:52) What to expect when your payment changes after leaving SAVE
(20:29) When your loans are incorrectly coded as Parent PLUS and the workaround to get the right payment plan
Like the show? There are several ways you can help!
- Follow on Apple Podcasts, Spotify or Amazon Music
- Leave an honest review on Apple Podcasts
- Subscribe to the newsletter
- Join SLP Insiders for student loan loopholes, SLP app and member community
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
- Get profession-specific financial planning
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!
Mentioned in this episode:
Free Student Loan newsletter
If you are not already getting our weekly newsletter every Thursday, you are missing out. We break down studio loan news, updates, money tips, all in one helpful newsletter. Sign up for free at https://studentloanplanner.com/newsletter
The SLP YouTube Channel
If you're more of a visual learner or you like seeing charts, breakdowns, and exploring other topics, check out https://youtube.com/studentloanplanner
The SAVE plan lawsuit settlement just kicked off a seismic shift in federal student loan repayment, and it's not just about picking a new plan. Find out exactly how the forbearance clock is running out for millions, what you need to know about the new RAP repayment plan, and why 2024 and 2025 tax returns are going to hit especially hard for anyone recertifying with higher income.
We also look at strategies to avoid payment shock, the latest on Parent PLUS consolidation, and ripple effects for people banking on loan forgiveness or stuck in limbo with borrower defense claims.
Chaos is coming, but you don't have to figure it out alone.
Key moments:
(01:56) Why some borrowers have 90 days to switch to a new repayment plan
(06:21) How recertifying with 2024 or 2025 tax info could shock your monthly payments
(08:24) When refinancing might make sense again (and why more borrowers are considering it)
(12:04) Urgent deadlines and steps for Parent PLUS loan borrowers
Like the show? There are several ways you can help!
- Follow on Apple Podcasts, Spotify or Amazon Music
- Leave an honest review on Apple Podcasts
- Subscribe to the newsletter
- Join SLP Insiders for student loan loopholes, SLP app and member community
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
- Get profession-specific financial planning
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!
Mentioned in this episode:
Tips I Can't Share Publicly
Getting our free newsletter? Upgrade your experience and discover student loan loopholes so good, they might get repealed if I talk about them publicly. Find out my very best thought leadership that I really just can't be open about anymore, unfortunately. If you want to get our very best tips, not just the ones that I can share for free. Go to studentloanplanner.com/insider to get a special discount for your year membership.
Want more? Check out our other podcast
Starting to think beyond your student loans? Check out our other show, Financially Free Era. It's about what comes next, investing, building wealth, and designing a life you actually want. Find "Financially Free Era by SLP Wealth" in your podcast app.
The next recession isn't a question of "if," it's a question of "when." Whether you're holding federal loans, private refinanced debt, or a mix of both, your strategy needs to account for what happens when the economy turns. We break down how credit markets actually affect your ability to refinance, why your required payment matters more than your interest rate, and the moves you can make right now to protect yourself before it's too late.
Key moments:
(01:40) Why slowing down payments in a recession can be a smart move
(03:27) The problem with private student loans when the economy turns
(05:36) How borrowing conditions in the broader economy set your refinancing rates
(08:15) What happened to the refinancing market during COVID and 2008
(11:14) Restructuring your loans now to prepare for a downturn
Resources mentioned:
- Studentaid.gov/idr for recalculating income-driven repayment
- One Big Beautiful Bill Act changes to federal student aid programs
Like the show? There are several ways you can help!
- Follow on Apple Podcasts, Spotify or Amazon Music
- Leave an honest review on Apple Podcasts
- Subscribe to the newsletter
- Join SLP Insiders for student loan loopholes, SLP app and member community
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
- Get profession-specific financial planning
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!
Mentioned in this episode:
Free Student Loan newsletter
If you are not already getting our weekly newsletter every Thursday, you are missing out. We break down studio loan news, updates, money tips, all in one helpful newsletter. Sign up for free at https://studentloanplanner.com/newsletter
The SLP YouTube Channel
If you're more of a visual learner or you like seeing charts, breakdowns, and exploring other topics, check out https://youtube.com/studentloanplanner
Figuring out how to pay for grad school is about to get a lot trickier—and the fate of student loan forgiveness hangs in the balance. We break down what the One Big Beautiful Bill (OBBB) Act means for new grads, why programs like PSLF and SAVE are under the microscope, and how upcoming changes will shift federal loan limits and forgiveness options. We tackle real listener questions on recertifying your income during a dental residency, PSLF processing times, loan capitalization, and married filing strategies.
Key moments:
(02:29) The new rules after July 2026: federal loan limits and the RAP plan for grad/professional students
(03:32) Whether you can avoid in-school deferment to earn IDR credit during residency
(06:14) How recertifying income before forgiveness can impact your spouse's payment under IDR
(07:41) Why PSLF buyback is moving at a glacial pace, but traditional PSLF is still processing
(13:12) Who will still benefit from forgiveness after the OBBB Act
Resource mentioned: studentloanplanner.com/voicemail – submit questions to the show
Like the show? There are several ways you can help!
- Follow on Apple Podcasts, Spotify or Amazon Music
- Leave an honest review on Apple Podcasts
- Subscribe to the newsletter
- Join SLP Insiders for student loan loopholes, SLP app and member community
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
- Get profession-specific financial planning
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 you've been coasting since COVID without recertifying your income-driven repayment plan, that grace period is officially over. We break down what recertification actually looks like right now and talk about recalculation, payment caps, the kinds of forbearances that help (or hurt) your progress toward forgiveness, and a weird glitch flagging people as Parent PLUS borrowers when they're not. You'll learn where to find your recert date, what to do when your loan servicer fumbles your file, and how to avoid common mistakes in a system that seems designed to trip you up, all while staying on track for PSLF or long-term forgiveness.
Key moments:
(04:02) Servicers pulling income 4 months before recertification dates — and sometimes applying new payments early
(06:49) How to choose whether to recalculate, switch plans, or manually recertify in the IDR recertification portal
(14:59) 626,000 pending IDR applications, and what to do if yours has been sitting for months
(21:01) Payment caps and why denial letters aren't always bad
(24:19) The Parent PLUS glitch making recertification impossible for some, and how to fix it
Resources mentioned:
StudentAid.gov for up-to-date recertification information and account access
Like the show? There are several ways you can help!
- Follow on Apple Podcasts, Spotify or Amazon Music
- Leave an honest review on Apple Podcasts
- Subscribe to the newsletter
- Join SLP Insiders for student loan loopholes, SLP app and member community
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
- Get profession-specific financial planning
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 One Big Beautiful Bill didn't kill PSLF outright, but once you run the numbers on the new borrowing limits and the Repayment Assistance Plan (RAP), the financial incentive for Public Service Loan Forgiveness essentially evaporates for future borrowers. I walk through exactly how this plays out for physicians, PAs, NPs, teachers, lawyers, and other professions — and why existing borrowers are grandfathered in but should still pay attention.
I also break down what the new math means for private universities, which degrees still pencil out financially, and a critical deadline for Parent PLUS borrowers that could affect your ability to retire.
Key moments:
(03:57) How the new $50K/year loan cap makes PSLF nearly worthless for physicians entering med school this fall
(07:51) Second-year students are grandfathered in and can borrow Grad PLUS to finish their program
(09:18) How lower borrowing limits gut PSLF for NPs, PAs, teachers, and lawyers
(16:09) The Parent PLUS consolidation deadline before July 2026, and why waiting too long could make income-based repayment permanently inaccessible
Like the show? There are several ways you can help!
- Follow on Apple Podcasts, Spotify or Amazon Music
- Leave an honest review on Apple Podcasts
- Subscribe to the newsletter
- Join SLP Insiders for student loan loopholes, SLP app and member community
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
- Get profession-specific financial planning
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!
Timing your tax filing can mean serious savings on your monthly payments, especially if you're on an income-driven repayment (IDR) plan and aiming for forgiveness. We break down scenarios for when it makes sense to file right away, when to wait, and how married couples or borrowers with irregular income can play their cards for the biggest advantage.
If you've ever wondered how your AGI or recertification date could influence your student loan bills, this episode gives you straightforward strategies you can use right now.
Key moments:
(07:48) Why when you file your tax return directly affects your IDR payment amount
(10:59) Filing a tax extension is free, but if you owe taxes, you must pay by April 15
(18:13) When filing early (or on time) makes more sense than filing an extension
(21:39) SAVE borrowers can lock in the ideal recertification date by switching plans between April 15 and October 15
Like the show? There are several ways you can help!
- Follow on Apple Podcasts, Spotify or Amazon Music
- Leave an honest review on Apple Podcasts
- Subscribe to the newsletter
- Join SLP Insiders for student loan loopholes, SLP app and member community
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
- Get profession-specific financial planning
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!
Things are not "calm and predictable" in student loan land right now. Hear real stories from recent consultations and learn what actions matter most before the June 30th, 2026, consolidation deadline.
We dig into what's happening with PSLF case reviews, consolidation risks, tax season strategies, and what Parent PLUS borrowers need to know now that double consolidation is gone. Even if you feel lost or overwhelmed, you'll finish this episode with a checklist of things to act on now to protect your strategy before small mistakes turn into expensive ones.
Key moments:
(02:22) Why PSLF payment histories are missing and how to file a complaint with StudentAid.gov
(08:49) Consolidate after June 30, 2026, and you could add 10 years to forgiveness
(18:37) Smart strategies for tax returns and loan recertification
(26:42) Double consolidation is over for Parent PLUS borrowers — here's what to do now
Resources mentioned:
- File a StudentAid.gov complaint
- File a CFPB complaint
Like the show? There are several ways you can help!
- Follow on Apple Podcasts, Spotify or Amazon Music
- Leave an honest review on Apple Podcasts
- Subscribe to the newsletter
- Join SLP Insiders for student loan loopholes, SLP app and member community
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
- Get profession-specific financial planning
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 your student loan payment is tied to your income, your tax return isn't just paperwork — it's part of your repayment strategy. Listen to a live tax webinar we did with Sim Terwilliger, CFP®, CSLP®, Director of Tax at SLP Wealth, as we share the biggest mistakes we're seeing this season, especially around married filing separately, community property states, and backdoor Roth IRAs — plus when filing an extension can legitimately save you real money on income-driven repayment. If you're navigating forgiveness, IDR, or just trying not to overpay Uncle Sam, this one's for you.
Key moments:
(02:09) Married filing separate vs. joint: when it lowers payments
(08:29) The top mistake: Backdoor Roth errors that trigger penalties
(20:37) Niche tax savings under RAP plan, managing AirBnbs, and passive income
(35:31) The new SALT cap changes and who benefits
Like the show? There are several ways you can help!
- Follow on Apple Podcasts, Spotify or Amazon Music
- Leave an honest review on Apple Podcasts
- Subscribe to the newsletter
- Join SLP Insiders for student loan loopholes, SLP app and member community
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
- Get profession-specific financial planning
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!
Fall 2026 is shaping up to be a financial aid cliff. If you're a grad student, parent of a college student, or a current professional school attendee, the shifts in borrowing limits, repayment plans, and the fate of Grad PLUS loans could seriously affect your finances and your future. Listen in as I answer listener questions and then pivot to the big question: what happens if you (or your kid) take out even one new federal loan after July 2026?
Key moments:
(00:42) PSLF Buyback: Which tax years might determine your payment?
(05:48) The tax-extension strategy to keep a lower IDR payment for another year
(11:53) Taking out just one loan after July 2026 blocks you from everything but the RAP plan
(15:18) Parents borrowing on behalf of a child face especially bad news
(18:23) Should you gamble your financial future? The "retire with defaulted Parent PLUS loans" strategy
Like the show? There are several ways you can help!
- Follow on Apple Podcasts, Spotify or Amazon Music
- Leave an honest review on Apple Podcasts
- Subscribe to the newsletter
- Join SLP Insiders for student loan loopholes, SLP app and member community
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
- Get profession-specific financial planning
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!
We're taking an early look at the new student loan rules released in January 2026 under the One Big Beautiful Bill Act. Find out why borrowers, especially Parent PLUS families, need to pay close attention. We'll explain which degrees are most affected, how professional and graduate programs are changing for loan purposes, how the RAP plan will impact repayment, and whether private lenders can keep up with demand.
Key moments:
(02:18) Why these regulations were rushed and what's coming next
(04:40) Parent PLUS borrowers face confusing deadlines and inconsistent official guidance
(11:57) Who counts as a "professional student" under new loan caps
(17:47) The surprising good news on consolidation and forgiveness credit
Like the show? There are several ways you can help!
- Follow on Apple Podcasts, Spotify or Amazon Music
- Leave an honest review on Apple Podcasts
- Subscribe to the newsletter
- Join SLP Insiders for student loan loopholes, SLP app and member community
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
- Get profession-specific financial planning
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 you feel like student loan policy is stuck in limbo right now, you're not wrong. In this episode, I walk through the mountain of regulations the Department of Education still has to publish very soon if the new repayment system is going to function by July 1. We talk about why schools are scrambling, why borrowers are stuck waiting and how political timing is making everything messier. If you're trying to plan your finances while the rules are still being written, this episode explains what's missing and what's coming.
Key moments:
(03:06) Degree borrowing limits are creating chaos for schools and students
(05:26) Democratic senators demand answers from the Department of Education
(12:34) A lot of rules still don't exist for implementing the plan changes
(14:01) Why students, schools, and policymakers are all "gambling" right now
Like the show? There are several ways you can help!
- Follow on Apple Podcasts, Spotify or Amazon Music
- Leave an honest review on Apple Podcasts
- Subscribe to the newsletter
- Join SLP Insiders for student loan loopholes, SLP app and member community
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
- Get profession-specific financial planning
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!
Parent PLUS loans are about to get a lot more complicated, and most families have no idea what's coming. In this episode, senior student loan advisor Lauryn Williams, CFP®, CSLP®, AFC®, sits down with student loan expert Janna McKay, AFC®, CSLP®, to break down the biggest changes affecting Parent PLUS borrowers. You'll learn about the end of double consolidation, new repayment access rules, and what the July 2026 deadline really means for forgiveness and Public Service Loan Forgiveness (PSLF). If you're a parent helping kids through college, this episode could save you from a costly mistake.
Key moments:
(06:38) Why double consolidation is officially dead (and what replaces it)
(08:10) Quick clarification for borrowers who don't have Parent PLUS loans
(13:38) Real client cases where consolidation mistakes caused major problems
(22:43) Why borrowing after July 2026 could permanently block PSLF for parent borrowers
(33:18) Legacy provisions for borrowing before July 1, 2026 vs. borrowing after
Like the show? There are several ways you can help!
- Follow on Apple Podcasts, Spotify or Amazon Music
- Leave an honest review on Apple Podcasts
- Subscribe to the newsletter
- Join SLP Insiders for student loan loopholes, SLP app and member community
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
- Get profession-specific financial planning
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!
Most financial goals sound reasonable, but "socially acceptable" goals are often too polite, and they can quietly sabotage the life you actually want. We dig into how to uncover honest, motivating goals, why Coast FIRE sneaks up on more people than they realize, and how student loans don't have to delay living a meaningful life. If your goals feel safe but uninspiring, this one's for you.
Key moments:
(03:53) The hidden signs you might already be at Coast FIRE
(07:57) What you'd really change if money stress disappeared tomorrow
(08:44) Identifying coping habits that block the life you actually want
(14:06) Replacing safe goals with honest ones
Like the show? There are several ways you can help!
- Follow on Apple Podcasts, Spotify or Amazon Music
- Leave an honest review on Apple Podcasts
- Subscribe to the newsletter
- Join SLP Insiders for student loan loopholes, SLP app and member community
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
- Get profession-specific financial planning
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!
Is working until 65 actually bad for your health? In this episode, we dig into what the research really says about the link between retirement age and mortality. I share my journey from being obsessed with early retirement to recognizing the deeper value of time freedom, purpose, and creativity in financial planning.
We explore how most professionals are actually on track to be wealthier than they realize, how you can use flexible financial strategies to live better now, and how to stop optimizing for being the richest person in the cemetery.
Key moments:
(02:40) What the NIH research actually says about retirement and mortality
(06:01) What people really want isn't early retirement — it's control over their time
(10:15) Most professionals are already on track to have "too much" money
(25:06) Why chasing passive income is often solving the wrong problem
Like the show? There are several ways you can help!
- Follow on Apple Podcasts, Spotify or Amazon Music
- Leave an honest review on Apple Podcasts
- Subscribe to the newsletter
- Join SLP Insiders for student loan loopholes, SLP app and member community
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
- Get profession-specific financial planning
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!
2026 may be the most confusing year for student loans yet. Find out what's actually changing with repayment plans, forgiveness, and Parent PLUS loans — and learn what you should be paying attention to right now.
We'll also hear real listener questions about PSLF during a government shutdown, IDR recertification delays, getting out of SAVE forbearance, and whether PSLF buyback is worth counting on. If you're feeling anxious heading into 2026, this episode can help you make smart decisions without overreacting.
Key moments:
(00:44) Does government shutdown time count for PSLF?
(08:26) Moving out of the SAVE forbearance, PSLF buyback and family size rules
(20:10) Considerations for filing taxes jointly vs. separately
(29:30) Warning for Parent PLUS borrowers who are still borrowing or who haven't yet consolidated
(35:31) RAP plan rollout and what borrowers should expect next
Like the show? There are several ways you can help!
- Follow on Apple Podcasts, Spotify or Amazon Music
- Leave an honest review on Apple Podcasts
- Subscribe to the newsletter
- Join SLP Insiders for student loan loopholes, SLP app and member community
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
- Get profession-specific financial planning
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!
Filing taxes married filing separately can be one of the most powerful tools for lowering income-driven student loan payments. But it's also one of the easiest ways to make costly mistakes if you're not careful. Meagan McGuire, CFP®, ChFC®, CSLP®, walks through what borrowers need to double-check before tax season hits. You'll learn when filing separately actually saves money, when it backfires, and how community property states completely change the math.
Key moments:
(05:32) Why married filing separately can dramatically lower IDR payments
(09:58) Real numbers: comparing tax cost vs. student loan savings
(17:28) The Roth IRA trap many married borrowers miss
(23:37) Why community property states often create extra student loan savings
Like the show? There are several ways you can help!
- Follow on Apple Podcasts, Spotify or Amazon Music
- Leave an honest review on Apple Podcasts
- Subscribe to the newsletter
- Join SLP Insiders for student loan loopholes, SLP app and member community
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
- Get profession-specific financial planning
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 can stir up a lot of stress, especially when student loans are still hanging over your head. In this episode, I want to slow things down and offer some perspective. We talk about why extreme frugality isn't required to build wealth, why "rich enough" beats "obscenely rich," and how your education and earning power already put you in a strong position. This is a reminder that student loans don't get to steal your peace or your joy.
Key moments:
(01:57) The difference between being rich and being rich enough
(05:32) The real spending decisions that actually delay retirement
(09:42) Why balance, gratitude, and time matter more than net worth
Like the show? There are several ways you can help!
- Follow on Apple Podcasts, Spotify or Amazon Music
- Leave an honest review on Apple Podcasts
- Subscribe to the newsletter
- Join SLP Insiders for student loan loopholes, SLP app and member community
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
- Get profession-specific financial planning
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 SAVE plan is officially dead. Learn what the SAVE lawsuit settlement actually says (not the rumors), who really needs to pay attention right now, and what you should do next. We walk through why millions of people are still stuck in SAVE forbearance, what repayment plans are actually available going forward, and how upcoming rulemaking could reshape income-driven repayment yet again. If you're waiting things out, this is your nudge to get proactive before the Department of Education decides for you.
Key moments:
(01:07) The lawsuit that officially ended the SAVE plan
(05:01) Why borrowers should get off the SAVE plan asap
(09:03) Borrowers are also losing access to PAYE
(13:22) Why I don't think the RAP plan will be around for the next 30 years
(18:25) Act early to avoid being defaulted into the wrong plan
Like the show? There are several ways you can help!
- Follow on Apple Podcasts, Spotify or Amazon Music
- Leave an honest review on Apple Podcasts
- Subscribe to the newsletter
- Join SLP Insiders for student loan loopholes, SLP app and member community
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
- Get profession-specific financial planning
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!
Income-Based Repayment has turned into a maze for a lot of borrowers, from unexpected forbearances to confusing "partial financial hardship" determinations that don't add up. Learn why so many borrowers are stuck in SAVE forbearance, what's really going on with IBR denials, and what the Department of Education says it's going to fix by early 2026.
We'll also talk about new proposed borrowing limits, how they could reshape entire professions, and what that might mean for your salary, PSLF strategy, and long-term plan.
Key moments:
(02:17) What "partial financial hardship" actually means — and when it shouldn't block IBR
(05:29) The out-of-cycle rulemaking session and why 2026 could bring sweeping IDR changes
(06:36) Why proposed borrowing caps could upend grad and professional programs
(11:31) The ripple effects on earnings, PSLF planning, and long-term loan strategy
(14:02) What might trigger Congress to rewrite the rules again before 2028
Resource mentioned:
- Apply for or recertify income-driven repayment
Like the show? There are several ways you can help!
- Follow on Apple Podcasts, Spotify or Amazon Music
- Leave an honest review on Apple Podcasts
- Subscribe to the newsletter
- Join SLP Insiders for student loan loopholes, SLP app and member community
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
- Get profession-specific financial planning
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!
We've been working on something big behind the scenes, and today I finally get to share it. We launched the SLP Insiders app, a dedicated community built for borrowers who want clarity, connection, and a calm place to ask questions without getting pulled into the noise of social media.
Learn why we built it, who it's for, and how it can help you stay on track through the constant waves of servicer issues, PSLF updates, and IDR rule changes. If you've ever wished you had "your people" to talk loans with, this is the moment.
Key moments:
(01:54) The flood of borrower emails and how a community fills the gap (04:41) Profession-specific channels for physicians, dentists, lawyers, and more (10:10) RAP plan timing, huge interest subsidies, and why flexibility matters early on
Resource mentioned:
- The Student Loan Planner app
Like the show? There are several ways you can help!
- Follow on Apple Podcasts, Spotify or Amazon Music
- Leave an honest review on Apple Podcasts
- Subscribe to the newsletter
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
- Get profession-specific financial planning
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!
A lot of borrowers are wondering how to get their loans forgiven without getting crushed by taxes later, especially with that 2026 tax-free forgiveness deadline creeping closer. In this episode, I walk through the lesser-known ways forgiveness can be tax-free, how timing affects whether you owe anything, and what thoughtful planning looks like if you're headed toward taxable IDR forgiveness.
You'll also hear several listener questions that tie directly into PSLF quirks, marriage and income decisions, and whether refinancing really makes sense for high earners.
Key moments:
(01:35) Employer lump-sum PSLF mess and how to escalate when servicers contradict themselves
(08:11) Acupuncturist's loans, marriage stress, and married-filing-separately trade-offs
(16:57) Should high earners refinance or keep federal protections and flexibility
(26:03) What happens if PSLF rules get blocked, and who should actually worry
(29:11) Tax-free forgiveness strategies, tax bomb planning, and smart moves before 2026
Like the show? There are several ways you can help!
- Follow on Apple Podcasts, Spotify or Amazon Music
- Leave an honest review on Apple Podcasts
- Subscribe to the newsletter
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
- Get profession-specific financial planning
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!
Listen in as I sit down with my good friend and one of the sharpest legal minds in the student loan world, Stanley Tate. We walk through the latest PSLF battles, what the SAVE-forbearance mess really means for your timeline, and how the coming transition to RAP and old-school IBR could reshape repayment for millions of borrowers. We also get into Parent PLUS landmines, future loan caps, and what all of this means for the next generation of borrowers. You'll learn where the pitfalls are, how to protect yourself, and why most borrowers still have more options than they think.
Key moments:
(05:07) How worried should you be about the new PSLF rules (09:20) The weighted-average credit confusion after consolidation (16:32) The risk of choosing between federal and private student loans is quite high (24:28) SAVE forbearance, recertification delays, and the Parent PLUS trap (43:47) What we're watching in negotiated rulemaking and RAP vs. IBR
Resource mentioned:
- Stanley Tate's YouTube channel
Like the show? There are several ways you can help!
- Follow on Apple Podcasts, Spotify or Amazon Music
- Leave an honest review on Apple Podcasts
- Subscribe to the newsletter
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
- Get profession-specific financial planning
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!
We've hit 400 episodes. That's hundreds of hours helping borrowers make sense of one of the most complicated (and emotional) parts of personal finance. In this milestone episode, I sit down with Lauryn Williams, CFP®, CSLP®, AFC®, one of our longest-serving planners and a key part of SLP since 2018. Together, we look back on how it all started — a spreadsheet that accidentally went viral — and how far we've come since then. We talk about the biggest surprises in today's student loan system, the stories that still move us years later, and where SLP is heading next.
Key moments:
(02:37) How a viral spreadsheet launched a national business
(9:34) From Olympian to planner: Lauryn's journey to helping borrowers with student loan debt
(14:50) The biggest shock about student loans today compared to 2016
(22:00) Client stories that still stick with us
(32:15) Why today's system is simpler—but still not simple enough
(38:54) What's next for SLP: building the SLP Insiders app to bring borrowers together
Resources mentioned:
- Financial Free Era podcast
- 988 Suicide & Crisis Lifeline
- Heather Jarvis, Student Loan Expert
Like the show? There are several ways you can help!
- Follow on Apple Podcasts, Spotify or Amazon Music
- Leave an honest review on Apple Podcasts
- Subscribe to the newsletter
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
- Get profession-specific financial planning
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!
Public Service Loan Forgiveness could look very different if the new proposed rules move forward. The Trump administration is exploring ways to strip PSLF eligibility from employees of organizations the administration doesn't like. That could mean hospitals, nonprofits, or legal aid groups suddenly losing access to forgiveness — with no way for employees to appeal.
We also get into ongoing rulemaking around professional degree borrowing limits and repayment plan updates, plus smart moves for refinancing or managing your mortgage.
Key moments:
(01:15) The four main categories that could determine loss of PSLF eligibility
(08:38) Negotiated rulemaking and new borrowing limits for professional degrees
(12:27) When refinancing your student loans or mortgage makes sense
(18:14) Your 2025 tax returns will be very important for income-driven repayment
Like the show? There are several ways you can help!
- Follow on Apple Podcasts, Spotify or Amazon Music
- Leave an honest review on Apple Podcasts
- Subscribe to the newsletter
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
- Get profession-specific financial planning
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 AFT lawsuit settlement with the Department of Education is one of the biggest updates in months for borrowers on income-driven repayment. You'll learn how this settlement unfreezes stalled forgiveness applications, who's protected under the new rules, and the key deadlines you can't afford to miss. I also explain why the 2026 "tax bomb" is back and what you can do now to prepare for it.
Key moments:
(00:57) What the AFT lawsuit forced the Department of Ed to fix
(02:43) How PAYE and IBR borrowers can finally get forgiveness processed
(05:57) The 2026 tax bomb: what's coming and how to plan for it
(07:02) The urgent deadline for Parent PLUS borrowers before July 2026
(13:27) Upcoming rule changes that could reshape repayment options
Like the show? There are several ways you can help!
- Follow on Apple Podcasts, Spotify or Amazon Music
- Leave an honest review on Apple Podcasts
- Subscribe to the newsletter
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
- Get profession-specific financial planning
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!
Worried PSLF Buyback might vanish before you qualify? Let's dig into the Public Service Loan Forgiveness (PSLF) Buyback program — how it works, why it exists, whether it's likely to stick around, and how to position yourself if the rules change.
You'll also hear my take on listener questions covering repayment plans SAVE vs. IBR, joint vs. separate taxes, and why sometimes "die with the debt" really can be a strategy.
Key moments:
(00:44) How PSLF Buyback works, when you can apply, and why politics could shape its future
(06:06) The growing backlog of applications and the risk of counting on Buyback approval
(10:28) How to choose between SAVE, PAYE, and IBR repayment plans
(14:22) When a "die with the debt" strategy makes sense in retirement
(17:50) How to handle income recertification after a job change
Resources mentioned:
- Certify your PSLF employment
- Recertify or update income-driven repayment
Like the show? There are several ways you can help!
- Follow on Apple Podcasts, Spotify or Amazon Music
- Leave an honest review on Apple Podcasts
- Subscribe to the newsletter
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
- Get profession-specific financial planning
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!
When someone asks whether a certain degree is "worth it," there's finally some data to answer that. We analyzed debt-to-income ratios across dozens of professions from our survey of over 8,000 high-income professionals, and the results tell a pretty clear story about who's managing student debt well — and who's getting squeezed.
I'll also share a few thoughts on what these numbers mean in real life, like how income, housing costs, and lifestyle choices play into long-term financial outcomes.
Key moments:
(01:56) Professions with the lowest debt-to-income ratios and why practicality beats prestige
(05:37) The hidden stress gap between generalists and specialists in healthcare and dentistry
(09:05) Why certain degree programs may be setting students up to fail financially
(13:06) Who's building the most wealth relative to income
(14:47) Spending patterns that separate comfortable from stressed-out professionals
Like the show? There are several ways you can help!
- Follow on Apple Podcasts, Spotify or Amazon Music
- Leave an honest review on Apple Podcasts
- Subscribe to the newsletter
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
- Get profession-specific financial planning
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!
Feeling anxious about where your career's headed? You're definitely not alone. We surveyed over 8,000 high-income professionals and asked what's keeping them up at night about their profession in 2025. The answers were eye-opening — but also pretty relatable. We’re covering the top 10 fears that come up again and again. If you're a doctor, dentist, lawyer, or another high-earning professional, chances are you'll see yourself in at least a few of these concerns.
Key moments:
(01:26) Rising education costs and massive debt loads are crushing high-income professionals
(09:15) Rural practice bring in more money due to high competition in urban areas
(20:06) Compassion fatigue is burning out professionals at alarming rate
(24:59) Clients may not value a professional’s expertise when free AI seems “good enough”
Like the show? There are several ways you can help!
- Follow on Apple Podcasts, Spotify or Amazon Music
- Leave an honest review on Apple Podcasts
- Subscribe to the newsletter
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
- Get profession-specific financial planning
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!
Ever wondered how your income and student debt stack up against others in your field? We’re dropping the results from our biggest survey yet – over 8,000 high-income professionals spilled the tea on their finances, and some of these numbers are pretty eye-opening. Find out which careers are getting crushed by student loans and which ones are actually coming out ahead. Plus, we discuss the coming changes in student loan borrowing limits and what they mean for your career, your wallet, and even the future of professional education. Want to know where you stack up? Tune in.
Key moments:
(02:24) Naturopathic doctors have the worst debt to income ratio of any profession that we surveyed
(04:44) Dental specialists average $414K in income and $500K in student debt, a debt-to-income ratio of 1.2:1
(07:19) CRNAs and physicians have surprisingly similar average salaries according to our data
(14:18) Schools can't magically replace lost tuition when borrowing limits block enrollment
(19:10) Nonprofit hospitals may struggle to retain doctors under new student loan lending rules
Resources mentioned:
- Ron Lieber's book and course on college merit aid and discounting
Like the show? There are several ways you can help!
- Follow on Apple Podcasts, Spotify or Amazon Music
- Leave an honest review on Apple Podcasts
- Subscribe to the newsletter
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
- Get profession-specific financial planning
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!
Join us for a special live recording from FinCon as we pull back the curtain on what’s happening with student loans right now. We're talking about the current state of federal programs, what's working, what's not, and where things might be headed — especially for those of you dealing with big debt loads from professional and graduate programs. If you're a doctor, lawyer, or other high-earning professional trying to make sense of all the policy changes and figure out your best repayment strategy, this behind-the-scenes conversation will give you some clarity on what to expect and how to navigate your options moving forward.
Key moments:
(01:33) Payment counts will likely be wrong, requiring borrowers to self-advocate for corrections
(03:53) Without SAVE, deciding when to repay student loans vs. going for forgiveness is more complex
(11:52) Confusing times ahead as borrowers navigate between old grandfathered rules and new regulations to figure out which rule sets apply to them
Like the show? There are several ways you can help!
- Follow on Apple Podcasts, Spotify or Amazon Music
- Leave an honest review on Apple Podcasts
- Subscribe to the newsletter
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
- Get profession-specific financial planning
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 new 30-year Repayment Assistance Plan (RAP) could be the only option for federal student loans after July 2026 — but even current borrowers aren’t safe if they don’t take action. Discover what moves to make to avoid getting stuck with decades of payments. Also, learn about new rules affecting Parent and Grad PLUS loans. If facing 30 years of student loan payments sounds brutal, this episode is for you.
Key moments:
(02:54) The new $200k loan cap means high earners will likely pay off loans before getting forgiveness
(05:44) Education has become a defining fault line between the two political parties
(14:55) Grad schools might start using undergrad-style aid talks for tuition and discounts.
(18:08) A wave of confusion is on the horizon for borrowers, peaking in April 2026
Like the show? There are several ways you can help!
- Follow on Apple Podcasts, Spotify or Amazon Music
- Leave an honest review on Apple Podcasts
- Subscribe to the newsletter
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
- Get profession-specific financial planning
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!
There’s a controversial and urgent topic we have to talk about: the massive upheaval headed for graduate and professional education financing starting in the fall of 2026. With the recent passage of the “One Big Beautiful Bill Act,” federal borrowing for graduate programs will be drastically limited — meaning schools and students are about to face a world of change.
Learn what these new federal borrowing caps could mean for your finances, your career plans, and the future of higher ed. We’ll discuss the risk of many degree programs closing, and share ways borrowers like you can prepare.
Key moments:
(01:25) Federal loan limits for new med students drop to $50k annual, $200k lifetime
(09:36) Which programs are likely going to be the hardest hit from these federal loan caps
(17:19) RAP doesn’t provide a path to forgiveness for physicians in the private sector at all
(21:26) Lawmakers may rethink the cap when they see the actual economic consequences
Like the show? There are several ways you can help!
- Follow on Apple Podcasts, Spotify or Amazon Music
- Leave an honest review on Apple Podcasts
- Subscribe to the newsletter
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
- Get profession-specific financial planning
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 student loan refi ladder is a clever strategy that’ll help you tackle your debt without wrecking your cash flow. We haven’t talked about this much in recent years because of student loan payment and interest pauses, but with the One Big Beautiful Bill Act stripping protections from federal student loan borrowers, now is the time to decide between loan forgiveness and refinancing.
This episode will help you decide if refinancing — and the refi ladder — is right for you, or if forgiveness is the better path.
Key moments:
(07:55) Who should consider refinancing (and who shouldn’t)
(15:14) If you’re convinced that paying off your student loans is best, here’s what to do first
(17:27) Why the refi ladder strategy helps
(25:42) Overly aggressive payments may hurt your chances for a mortgage or other big purchases
Like the show? There are several ways you can help!
- Follow on Apple Podcasts, Spotify or Amazon Music
- Leave an honest review on Apple Podcasts
- Subscribe to the newsletter
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
- Get profession-specific financial planning
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!
Big shifts are coming to student loans starting July 2026. If you’re carrying six figures of debt or even thinking about grad school, you’ll definitely want to hear this one. Unlimited loans are out, so pricey grad programs might not be as easy to join. Sounds scary, right? But this shift could actually work in your favor. Fewer students funneled into certain careers could mean bigger salaries and steadier job security for those who do make it through. Learn what these changes could look like for you, your school, and your paychecks down the road.
Key moments:
(02:49) Loan borrowing caps for students starting grad programs after July 2026
(14:08) We may see grad schools offering discounts, much like undergrad tuition discounting
(17:27) Schools dependent on higher federal loan limits may be forced to close their doors
(18:24) Parent PLUS borrowers must be careful about borrowing before July 2026
(23:27) Affordable in-state and public programs will see a flood of new applications and competition
Like the show? There are several ways you can help!
- Follow on Apple Podcasts, Spotify or Amazon Music
- Leave an honest review on Apple Podcasts
- Subscribe to the newsletter
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
- Get profession-specific financial planning
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!
Ever stop and think about how much that new car, kitchen remodel, or shiny toy really costs you — not just in dollars, but in hours, days, or even months of your life? We’re digging into what big-ticket spending looks like when you’re on an income-driven repayment plan that’s already taking 10–15% of your paycheck. We’ll show you how to reframe those purchases, so instead of just seeing the sticker price, you see the true impact on your time and future. We’ll talk about ways to cut back smartly, snag tax deductions where you can, and still enjoy the things that make you happy… all without derailing your long-term goals. You might love your job or just be pushing through to the next milestone, and either way, this conversation will help you rethink what’s worth it, what’s not, and how to keep more peace (and cash) in your pocket.
Key moments:
(03:07) Buying stuff to numb the pain of a job you don't like only steals more of your time
(04:52) Sometimes big renovations are a band-aid for deeper stress or emptiness
(06:24) Control housing and car costs, and most financial stress will melt away
Like the show? There are several ways you can help!
- Follow on Apple Podcasts, Spotify or Amazon Music
- Leave an honest review on Apple Podcasts
- Subscribe to the newsletter
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
- Get profession-specific financial planning
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!
Over the past few weeks, we’ve been collecting your questions, and wow… you did not hold back. We’re answering as many as we can fit in one episode, covering topics like forgiveness deadlines, confusing recertification rules, and loan servicers who seem to speak in riddles. You’ll hear from people on the brink of PSLF forgiveness, parents in the middle of tricky Parent PLUS double consolidations, and grads wondering if they should act now or wait. If you’ve been wondering what to do next with your loans, there’s a good chance we’ll hit on something that helps you figure it out.
Key moments:
(09:25) Will the Big Beautiful Bill impact incoming students in August 2025, or only those who begin in the academic year 2026?
(16:18) Why is my interest growing when MOHELA said it would be 0%?
(28:01) Borrowing after July 2026 locks you into the RAP plan, but you could still qualify for PSLF
(37:44) What happens when your employer refuses to certify qualifying PSLF work
(46:36) The one scenario where paying extra on student loans makes sense
(51:08) How to push your case forward after long delays from your servicer
Resources mentioned:
- File an FSA complaint
- Escalate issues to the FSA Ombudsman Group
- Reach out to your local representative or senator
Like the show? There are several ways you can help!
- Follow on Apple Podcasts, Spotify or Amazon Music
- Leave an honest review on Apple Podcasts
- Subscribe to the newsletter
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
- Get profession-specific financial planning
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!
After months of student loan chaos, there’s clarity: If you’re already borrowing, you’ll probably be okay, though keep an eye out for some plan changes. But for anyone planning to borrow after July 2026, the picture gets a lot murkier. Higher payments, tighter loan limits, and longer repayment terms could reshape graduate and professional education in ways we haven’t seen before.
Learn why most current borrowers can breathe a little easier, what changes are coming for Parent PLUS and grad school loans, and why future students may need to rethink their strategies altogether. We also explore how schools themselves might have to adapt, and what this could mean for high-cost programs in dentistry, medicine, pharmacy, and law.
Key moments:
(5:19) Active students can continue borrowing until 2026 and for three more years beyond
(09:20) Parent PLUS loans borrowed after July 2026 won’t qualify for any affordable IDR plan
(13:27) Universities may see faculty cuts tied to falling enrollment once borrowing limits change
(17:19) Borrowing limit changes likely won’t be revisited until mid-2027 at the earliest
(23:13) There’s nothing to worry about right away — no loan rule changes take effect before July 2026
Resource mentioned: The Price You Pay for College by Ron Lieber
Like the show? There are several ways you can help!
- Follow on Apple Podcasts, Spotify or Amazon Music
- Leave an honest review on Apple Podcasts
- Subscribe to the newsletter
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
- Get profession-specific financial planning
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 SAVE plan’s payment forbearance is supposed to stick around through 2028, but that’s looking unlikely. Here’s why we think the clock’s ticking on SAVE, what the latest lawsuit could mean for the plan’s future, and how new legislation is tightening the rules on forbearance across the board.
You’ll find out what this shift means if you’re currently on SAVE, what counts (and what doesn’t) during this forbearance period, and what you need to know now to help you avoid surprises later. It’s a confusing time for borrowers, but this episode gives you a clearer path forward.
Key moments:
(04:54) Why almost nobody should stay in SAVE forbearance after August 1st
(10:08) Don’t panic about the “Big Beautiful Bill” changes — it isn’t great, but it’s not a total disaster either
(12:33) Parent PLUS borrowers may lose access to affordable repayment options after July 2026
(15:35) Why tax-smart income strategies matter more than ever
Like the show? There are several ways you can help!
- Follow on Apple Podcasts, Spotify or Amazon Music
- Leave an honest review on Apple Podcasts
- Subscribe to the newsletter
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
- Get profession-specific financial planning
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 loan lawyer Stanley Tate joins us to tackle the big question we’re all asking: what’s actually happening with student loans right now? We’re exploring the latest legislative changes, what they mean for your repayment strategy, and why Parent PLUS borrowers are especially freaking out. We talk through everything from the COVID payment chaos we all lived through to the potential collapse of graduate programs and the emotional toll of student debt policy.
What you’ll walk away with is information you can use, not just more anxiety. Whether you’re strategizing payments or just trying to stay sane, this episode helps you navigate what’s coming next.
Key moments:
(04:52) Future borrowers will see hard caps on how much they can borrow
(09:11) Parent PLUS borrowers must get on an income-driven repayment plan by July 2026
(13:55) Should SAVE borrowers hold on or switch? We share our strategies
(25:47) Resources to manage student debt exist, but you have to choose action over ignoring the problem
(31:47) Our predictions for what happens to graduate programs moving forward
(39:20) Student loans aren't a "set it and forget it" type of debt
Resources mentioned: Connect with Stanley Tate
Like the show? There are several ways you can help!
- Follow on Apple Podcasts, Spotify or Amazon Music
- Leave an honest review on Apple Podcasts
- Subscribe to the newsletter
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
- Get profession-specific financial planning
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 you’ve been riding the SAVE Plan forbearance wave, a big shift is headed your way. The Department of Education announced that the SAVE forbearance will officially end on August 1, 2025. That means interest starts ticking again, and borrowers will be pushed to switch repayment plans. Most will be steered toward the old Income-Based Repayment (IBR) plan, especially with the One Big Beautiful Bill Act set to overhaul everything in July 2026. But you’ve still got options.
Find out what the end of SAVE forbearance means for your loans, what the government is recommending (and why), and how you can make the smartest move for your student loans.
Key moments:
(04:01) Choosing between IBR and RAP depends on PSLF status, years in repayment, and forgiveness goals (07:46) PSLF isn’t dead: why potential policy reversals don’t mean your forgiveness plan is doomed (09:41) When paying off your loans might actually make more sense (and how to get a lower interest rate) (14:50) After years of chaos, borrowers just want stable rules so they can actually plan their lives
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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
- Get profession-specific financial planning
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!
Some parts of the One Big Beautiful Bill Act are pretty rough for borrowers, but believe it or not, it could’ve been way worse — you can thank the Senate parliamentarian for blocking the worst of it. We’ll walk you through what’s changing, what’s staying the same, and what you need to start planning for now. This is your clear, practical guide to understanding how the bill will affect your wallet and the conversations you’ll need to have with your partner, financial planner, or school’s aid office.
Key moments:
(03:40) The math of student loans becomes very complicated for borrowers starting fall 2026 (11:39) Grad school closures and layoffs could mean higher salaries for remaining professionals (14:22) Families face tough choices as expensive colleges become harder to finance (18:56) How you file taxes continues to shape your student loan payment strategy under new rules
Like the show? There are several ways you can help!
- Follow on Apple Podcasts, Spotify or Amazon Music
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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
- Get profession-specific financial planning
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!
“Senate parliamentarian” isn’t exactly a household name, but her latest ruling is huge news for anyone with student debt. Learn what her surprise decision means for the Big Beautiful Bill Act and how it could shape repayment plans and forgiveness programs. You’ll find the specifics of what this means if you’re a Parent PLUS borrower, in dental and medical school, or just worried about how these policy shifts could affect your financial future. We’ll take you beyond the political noise and cut through the confusion to give you actionable info you can use.
Key moments:
(02:32) The current bill would essentially kick a lot of people who need to borrow after July 2026 onto the RAP plan (05:21) Future students deserve clear repayment rules upfront, not changes mid-degree like the Senate is proposing (08:45) Anybody who's ever had a parent plus loan needs to apply for the ICR plan (11:20) PAYE borrowers must be prepared to get switched to the old IBR or possibly the RAP plan (15:48) Different borrowers should take different approaches while legislation is pending
Resource mentioned:
IDR Plan Request at Studentaid.gov
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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
- Get profession-specific financial planning
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 you're married, there’s a lot to consider in the latest student loan reform proposals. Discover what the changes being debated in Congress could mean for married borrowers, including the potential loss of “married filing separately” as a repayment strategy and how the new Repayment Assistance Plan (RAP) might affect your monthly payments. If you’re single or engaged, this still matters — we’ll cover what you need to know before tying the knot, plus smart moves you can make now to avoid future headaches.
Key moments:
(03:07) New rules could make marriage costly for borrowers with high student debt
(10:54) RAP plan offers fewer deductions than IBR, especially for families with multiple children
(16:36) Capping federal loan limits could push students toward private lenders with strict requirements
(25:02) Borrowers with high debt-to-income ratios may benefit from sticking with forgiveness, despite uncertainty
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- Follow on Apple Podcasts, Spotify or Amazon Music
- Leave an honest review on Apple Podcasts
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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
- Get profession-specific financial planning
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 Senate just dropped its version of the student loan reform bill, and let’s just say… it’s not great. In fact, it’s worse than expected, especially if you have six-figure student debt, Parent PLUS loans, or are a future student. Learn what’s at stake, how it could completely reshape repayment options, and who (besides private lenders) might come out ahead. More importantly, you’ll learn what you can do now to protect yourself if the bill moves forward. If student debt is part of your financial life, don’t miss this one.
Key moments:
(00:52) SAVE and new IBR borrowers could be forced into old IBR under the Senate bill
(02:18) New rules could turn marriage into a major cost for student loan borrowers
(02:48) Parent PLUS borrowers face the harshest penalties under this proposed legislation
(07:14) Future borrowers need a plan before taking loans after July 2026 under the new rules
(09:18) There's still a whole lot that you can do if you're an existing borrower
Links mentioned:
- StudentAid.gov - The official federal site for consolidating student loans
Like the show? There are several ways you can help!
- Follow on Apple Podcasts, Spotify or Amazon Music
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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
- Get profession-specific financial planning
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 the GOP reform bill moves forward, lowering your adjusted gross income (AGI) won’t just be helpful, it’ll be more important than ever for student loan borrowers. We explore what could change, who’s most at risk, and what steps you can take to protect your paycheck. From maxing out pre-tax retirement contributions and HSAs to leveraging self-employment and smarter tax planning, we’ll walk you through practical ways to lower your AGI — and why it might be the biggest factor in your student loan repayment.
Key moments:
(04:18) Business owners may gain an edge with deductions if the GOP bill becomes law (07:53) Many haven’t felt the full weight of student loan payments in a while — that may soon change (13:55) If this bill passes, 1099 or self-employed work might offer major financial advantages (16:05) Expect to lose 50–60% of your income to loans and taxes unless you lower your AGI
Like the show? There are several ways you can help!
- Follow on Apple Podcasts, Spotify or Amazon Music
- Leave an honest review on Apple Podcasts
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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
- Get profession-specific financial planning
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!
Get real answers to real questions student loan borrowers are asking about PSLF processing delays, confusing buyback calculations, switching repayment plans, and trying to understand how recent legislation might affect their loans. You’ll get the latest updates on what’s happening behind the scenes and what those changes could mean for you. We also cover practical, actionable steps, like how to time your income recertification, what to consider if you’ve had a long forbearance period, and a lesser-known deferment option for borrowers undergoing cancer treatment.
Key moments:
(02:58) PSLF buyback uses the lower payment: before or after forbearance, whichever is smaller (13:30) Forgiveness is likely best when student debt is double your income or more (19:59) SAVE plan delays create confusion; should you switch IDR plans or wait it out? (31:29) Moving abroad may lower your AGI and help secure smaller payments toward forgiveness (35:45) FMLA and income recertification: what to know before submitting updated income documentation
Links mentioned:
Apply for income-driven repayment (IDR) plans
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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
- Get profession-specific financial planning
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 loan reform just cleared the House in what’s officially called the “One, Big, Beautiful Bill.” If it becomes law, it could overhaul repayment into just two plans: the Old IBR plan and a new Repayment Assistance Plan (RAP) that scales payments between 1% and 10% of income over 30 years. But nothing is final. The next step is the Senate, where the path forward is less certain. We explore what the House bill includes, what changes could mean for current and future borrowers, and the broader implications for repayment, forgiveness, and access to education. Learn about key policy details, potential legal challenges, and what you should watch as the conversation continues in the weeks ahead.
Key moments:
(05:41) If courts strike down SAVE, it could force a rewrite of the student loan section of the bill (07:55) Changing voter turnout patterns could reshape midterm election outcomes in unexpected ways (11:35) Future students may lose PSLF eligibility for residency programs (14:44) Proposed changes could hit universities hard, leading to major job losses across higher education (17:16) Estimate your RAP payment to see what’s affordable and compare your repayment options
Like the show? There are several ways you can help!
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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
- Get profession-specific financial planning
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 Repayment Assistance Plan, aka RAP, is another student loan overhaul, and people have a lot of questions. Learn what this plan actually is, why it matters right now, and the real chances of it becoming law. If you're wondering when or if you could switch to this plan, we've got you covered. The RAP might completely change how student loan repayment works. We're unpacking all the details and what you might want to keep in mind if you’ve got loans.
Key moments:
(03:55) If you’re close to forgiveness, sticking with IBR will probably make more sense (05:16) This administration is rushing student loan changes before finalizing regulatory details (09:59) There’s still a long way to go, and some Senators just want to bring back REPAYE (13:08) Graduate professions would lose diversity if only students from wealthy families could afford them
Like the show? There are several ways you can help!
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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
- Get profession-specific financial planning
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 Republican student loan bill is gaining steam and could seriously impact your repayment strategy. Let me break it down for you: undergrads might actually see some benefits here, but if you've got grad school debt? You might want to sit down for this one. Current borrowers won't get hit as hard as future ones, but painful changes could be on the horizon.
Get insights into the legislative process, the strategy behind budget reconciliation that's pushing this bill forward, and practical ways to think ahead while the details are still in flux.
Key moments:
(05:30) PSLF could be eliminated through reconciliation with a simple majority vote (06:45) A look at the proposals currently being considered in the bill (09:13) The bill slightly helps undergrads while potentially devastating graduate borrowers (14:48) Loan limits could restrict first-generation students from accessing medical, dental, and veterinary programs (18:30) This "Big Beautiful Bill" will likely reach the President by September
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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
- Get profession-specific financial planning
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!
Guess what? We are moving this Friday episode over to the new Financially Free Era podcast!
It is the next step to your financial planning journey after your student loan plan has been tackled with us here at Student Loan Planner.
We hope this new show will answer your questions of:
What else do I need to do? What else can I do to optimize my savings? How can I start saving for that goal that I have?"
SLP Wealth was born to be that next step. So naturally, we need to start separating from our initial starting point, which is Student Loan Planner.
So we have created a whole new show: Financially Free Era by SLP Wealth.
Follow and Subscribe for free to the new show!
- Follow on Apple Podcasts, Spotify, Amazon Music, iHeart Radio, or Pocket Casts
Can “save more” be bad advice? We’re pulling back the curtain on something financial advisors rarely discuss: how saving too much can harm your quality of life. We'll unpack the uncomfortable truth about how all professions, including my own, handle potential conflicts of interest. This isn't about vilifying financial planning — it's about making sure the help you get is truly in your best interest, and not just serving someone else’s bottom line.
Key moments:
(01:31) When financial planners pressure clients to invest bonuses rather than enjoy them (04:36) Fee structure matters less than the value received for the financial advice given (08:12) Most people overspend on things they don’t even like (15:50) Bad advice often comes from people who don’t understand your situation
Like the show? There are several ways you can help!
- Follow on Apple Podcasts, Spotify or Amazon Music
- Leave an honest review on Apple Podcasts
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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
- Get profession-specific financial planning
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!
Want to keep more money in the family? Hiring family members in your business can translate into some big tax savings — and set your kids up to get ahead with their own savings. Fresh off tax season, we explore the ins and outs of putting kids and spouses on the payroll, weighing the pros and cons, and sharing actionable tips for business owners looking to leverage this strategy. You’ll also learn compliance essentials, common pitfalls, and the legal frameworks you need to keep in mind, whether you're running a dental practice, a family restaurant, or thinking about getting started as an entrepreneur.
Key moments:
(07:04) Practical tasks your child can do legitimately in your business (12:15) How hiring family can help you qualify for valuable QBI tax deductions (14:40) Choosing the right business structure impacts family employment tax advantages (22:06) Guidelines for staying compliant with federal child labor laws (34:50) Balancing your child's income to optimize college financial aid eligibility
Like the show? There are several ways you can help!
- Follow on Apple Podcasts, Spotify or Amazon Music
- Leave an honest review on Apple Podcasts
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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
- Get profession-specific financial planning
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!
House GOP has proposed a new bill that would radically reshape student loans for years to come. But it would also impact existing borrowers too if were to pass.
Got student loan questions weighing on you? You're definitely not alone. This week, we're opening up the Student Loan Planner mailbag to tackle some of the most pressing issues borrowers are facing. Should you switch IDR plans? Is Public Service Loan Forgiveness (PSLF) buyback the right move? We also address the very real frustrations with federal loan servicers — the long hold times, the inconsistent information, and the impact of staffing shortages. Beyond that, we'll cover practical tax filing strategies that could lead to significant savings, how to identify potential calculation errors in your loan details, and offer an update on the ongoing delays with forgiveness applications. If you’re ready for clarity on your student loans, this episode delivers the answers you need in 2025.
Key moments:
(04:37) Stressing about interest accrual could be counterproductive on your path to loan forgiveness (07:45) The PSLF buyback steps, and remember your qualifying payments don't need to be consecutive (16:53) Despite common talk of "old" and "new" IBR, there is technically only one Income-Based Repayment plan (26:07) A payoff strategy for a high-income physician facing loans without PSLF (43:33) Military families face unique PSLF considerations, with state residency affecting community property rules
Links mentioned:
- Income-Driven Repayment (IDR) Plan Request
- PSLF Help Tool
- Compare refinancing lenders
Like the show? There are several ways you can help!
- Follow on Apple Podcasts, Spotify or Amazon Music
- Leave an honest review on Apple Podcasts
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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
- Get profession-specific financial planning
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!
Tax season might be in the rearview mirror, but if you're self-employed or earn income outside of a regular paycheck, quarterly estimated taxes are still very much on your radar. We’re showing you how it all fits together — what they are, who needs to pay them, and how to calculate what you owe.
Learn key dates to remember, simple ways to estimate your payments, how to use the IRS’s “safe harbor” rule to avoid any unexpected penalties, and simple strategies to avoid underpaying and giving the government an interest-free loan. It’s all about staying ahead without stressing out — or paying more than you have to.
Key moments:
(01:15) W-2 employees have taxes automatically deducted, while 1099 workers must save and plan on their own (06:28) Simple ways to estimate your tax bill without getting lost in spreadsheets or complicated calculations (17:21) The four big tax due dates to circle on your 2025 calendar right now (20:18) The IRS safe harbor rule helps you avoid penalties, even if your estimates aren’t perfect
Like the show? There are several ways you can help!
- Follow on Apple Podcasts, Spotify or Amazon Music
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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
- Get profession-specific financial planning
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 Department of Education dropped a bombshell announcement that would've killed a loophole strategy many of you use to keep your student loan payments manageable, only for the agency to quickly walk it back after public outcry. What actually happened? Was this ED deliberately trying to break the law and eliminate the married filing separate option, or was it just an honest mistake? You’ll hear the latest on how advocacy, lawsuits, and a fair bit of confusion among government officials have shaped repayment, and what it means for your student loan strategy (spoiler: the loophole lives... for now).
Key moments:
(01:58) The income-based repayment (IBR) married filing separate rule is actually written into federal law
(05:08) Department of Ed issued a corrective statement claiming the announcement was a mistake
(07:15) Recertification dates extended, creating confusion around timeline requirements
(09:57) Despite complications, there are positive developments worth highlighting for borrowers
(10:58) House GOP advances budget reconciliation bill that could impact student loan programs
Like the show? There are several ways you can help!
- Follow on Apple Podcasts, Spotify or Amazon Music
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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
- Get profession-specific financial planning
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!
Last week, the market went on a wild ride, and it all started with steep tariff hikes — especially on imports from China. The market’s reaction was fast and furious, with sharp drops and an even quicker rebound. So, what’s the deal with tariffs, and why do they send markets into a frenzy?
Learn the basics of tariffs, why uncertainty can send investors into a panic, and how fear, headlines, and knee-jerk reactions fuel market chaos. But it’s not all doom and gloom. We also explore practical strategies for keeping your cool, sticking to your long-term plan, and even turning market dips into opportunities. Listen in for the tools to confidently ride out market storms, make smart decisions, and protect your financial future.
Key moments:
(01:48) What are tariffs and how did they change last week? (06:07) The impact of tariffs on your investments and what it means for your portfolio (11:20) Don’t let a down market scare you — think of it as a sale if you're investing regularly (13:56) Three common ways people react to market dips and why they matter (20:51) We can’t control the market, but we can control how we protect ourselves from it.
Like the show? There are several ways you can help!
- Follow on Apple Podcasts, Spotify or Amazon Music
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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
- Get profession-specific financial planning
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 Department of Education just dropped a negotiated rulemaking announcement, and while it might sound like dry policy talk, this one’s worth your attention — especially if you’re pursuing Public Service Loan Forgiveness (PSLF), on Pay As You Earn (PAYE), or using Income-Contingent Repayment (ICR).
Learn what negotiated rulemaking actually means, why it matters, and what kinds of changes could be on the horizon for federal student loan repayment. We’ll also walk through the strategy behind these proposed updates, what the timeline might look like, and the political and legal dynamics that could affect how this all plays out.
Key moments:
(03:20) My initial take: borrowers don’t need to panic just yet — and here’s why (05:35) What these changes could actually mean for PSLF borrowers (06:59) PAYE and ICR might be affected, but IBR is protected by statute (10:49) The GOP proposal targets nonprofit hospitals, but I don’t think it’ll go anywhere (12:34) With 2026 elections in sight, student loan overhauls will probably stay pretty modest
Like the show? There are several ways you can help!
- Follow on Apple Podcasts, Spotify or Amazon Music
- Leave an honest review on Apple Podcasts
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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
- Get profession-specific financial planning
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!
Health Savings Accounts (HSAs) don’t always get the spotlight, but they should. They’re one of the most flexible and tax-friendly tools out there — and we’re digging into why. We’re joined by Kathleen Boyd, CFP®, for a practical conversation about how HSAs work.
Learn how much you can contribute based on your health plan, how things change once Medicare enters the picture, and how to use an HSA as a long-term savings strategy (not just a place to park cash for doctor’s visits). You’ll walk away with real-world tips and a clearer idea of how to actually use your HSA.
Key moments:
(03:41) Who can contribute to an HSA? Individual vs. family contributions (10:20) HSA catch-up contributions once you reach a certain age (13:46) Overlooked strategies for funding HSAs (24:16) Life circumstances and changes dictate how much you can contribute to your HSA (39:08) Why you might want to move pretax money from an IRA to an HSA
Like the show? There are several ways you can help!
- Follow on Apple Podcasts, Spotify or Amazon Music
- Leave an honest review on Apple Podcasts
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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
- Get profession-specific financial planning
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 Trump administration recently pushed out income-driven repayment (IDR) recertification dates — some all the way to 2027. (I'm not even kidding.) But can you actually count on these extensions? We’re breaking down who should trust these announcements and who might want to proceed with caution.
We'll also talk about the bizarre game of musical chairs happening between government departments. One minute it's the Department of Education handling things, then suddenly it's the Small Business Administration, and now the Treasury Department's involved? It's like watching a bureaucratic shell game in real time. Listen in as we try to make sense of what’s going on, what you can trust, and what steps you should take to protect yourself.
Key moments:
(00:51) President plans to move student loans to Small Business Administration despite questionable legality and no operational details (04:05) Trump White House surprisingly ordered an extension of borrower recertification dates to no sooner than February 2026 (07:14) Court decisions that finally put an end to the SAVE plan could force millions of borrowers into disruptive repayment plan changes (15:05) Maintain your peace of mind by focusing on what you can control in your financial life
Like the show? There are several ways you can help!
- Follow on Apple Podcasts, Spotify or Amazon Music
- Leave an honest review on Apple Podcasts
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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
- Get profession-specific financial planning
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!
Retirement isn’t just about stepping away from your job — it’s about building a life you actually enjoy and knowing how your finances will hold up when the paychecks stop. A lot of people think they’re ready… until they realize they’re not. We’re walking through five warning signs that could throw your retirement off track. From skipping over withdrawal strategies to carrying debt into retirement — and maybe the biggest one? Not having a plan for what your days will look like once work is off the table.
We’ll break each one down with real examples, why it matters, and offer practical ways to course-correct — so you can head into retirement with confidence, not guesswork.
Key moments:
(02:13) Most retirees underestimate their early retirement spending — and it adds up fast
(06:55) Without an inflation plan, retiring today at 60 could cut your purchasing power nearly in half by 80
(8:57) A smart withdrawal plan accounts for taxes, market downturns, and required minimum distributions
(15:42) Carrying debt into retirement means high fixed costs that drag down your freedom
(19:11) Retirement’s not a finish line, it’s a new chapter — think about how you’ll spend your time
Like the show? There are several ways you can help!
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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
- Get profession-specific financial planning
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 are a mess. They've been a mess for as long as we’ve been doing this, but right now? It’s like someone took that mess, threw it in a blender, and hit "puree." We’re answering a whole heap of listener questions. This episode is dropping on April Fool’s Day, but no jokes or pranks here — just straight-up answers. Let’s face it: the real joke is how convoluted this whole system has become. But we’re tackling the questions head-on. And if you're one of the folks who sent in questions, thanks for trusting us with your financial headaches. We've got your back.
Key moments:
(04:34) The trap that will mean big trouble for borrowers if ICR gets repealed (12:06) No “processing shortcuts” exist — everyone’s in the same slow-moving line (21:20) Inexperienced customer service representatives giving you the wrong answers (34:06) Why you might want to file a tax extension to see how student loan policies might shift (45:24) Financial windfall? Where to direct your cash for maximum impact
Links mentioned:
- StudentAid.gov IDR plan request
- Certify employment for Public Service Loan Forgiveness (PSLF)
Like the show? There are several ways you can help!
- Follow on Apple Podcasts, Spotify or Amazon Music
- Leave an honest review on Apple Podcasts
- Subscribe to the newsletter
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
- Get profession-specific financial planning
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!
Have you ever thought, "wait, is that actually true?" while scrolling financial TikToks at 1 a.m.? We’ve been there, too, and the advice can be hit or miss. We've spent hours sorting through viral money videos to find six trends that actually contain real wealth-building potential — when you know how to apply them correctly. Learn what these popular money concepts really mean, which parts are legit, and most importantly, how to use these concepts to build wealth in your own life.
Key moments:
(01:31) Trend 1: Automate investing and use tax-advantaged accounts instead of basic savings (04:41) Trend 2: Buy back your time — paying others can actually make you more money (10:28) Trend 3: Stop wasting money on depreciating assets (14:10) Trend 4: The daily mindset practice to stay focused on financial growth (16:22) Trend 5: Protect your money with the right insurance coverage and estate planning (19:38) Trend 6: Never stop learning — budget for books, courses, and coaching
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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
- Get profession-specific financial planning
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 IDR recertification deadline has been pushed back again — this time, to no sooner than February 2026. And while that might sound like good news on the surface, we know it brings up a ton of questions. That’s exactly what we’re unpacking in this episode.
If you’re on an income-driven repayment (IDR) plan or even thinking about it, tune in as we answer listener questions about what the new extension actually means for your monthly payments, whether it makes sense to start paying again now or keep riding the pause, and how this might (or might not) affect forgiveness programs down the road. Get insights and practical strategies to stay on top of your plan without going into a tailspin.
Key moments:
(00:31) Why it’s important to be extra careful filing taxes this year
(02:57) Paper vs. online IDR applications and why some are mailing backups
(11:24) If you’re in the Sweet v. Cardona group, is IBR worth it?
(13:15) PSLF questions around buyback, forbearance, and filing a tax extension
(19:35) What we know about the ongoing IDR application processing delays
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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
- Get profession-specific financial planning
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!
Tax season is back, and while it’s no one’s favorite time of year, getting ahead of it can save you a ton of stress (and money). We’re breaking down tax planning tips, retirement contributions, and the sneaky mistakes that could cost you.
Plus, some unexpected tax trivia — turns out, pro athletes and farmers have some wild tax rules. And because we can’t talk numbers all the time, we’re debating the ultimate question: bar soap or body wash? Grab a coffee, get comfy, and let’s tackle this tax season together.
Key moments:
(03:33) A midyear tax check helps avoid surprise bills from bonuses, side gigs, or investments (15:07) Roth IRA mistakes happen when you ignore next year’s tax situation — think ahead (21:37) Smart estate planning keeps more wealth with your heirs or charities, not the IRS (26:02) Home office deductions have strict rules — don’t push your luck with the IRS (34:24) Maxing out retirement accounts is great for taxes and asset protection, especially for physicians (34:57) Tax loss harvesting can lower your bill, so don’t miss market downturn opportunities (42:24) A tax extension can help student loan borrowers keep flexibility for income recertification
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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
- Get profession-specific financial planning
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 are a mess right now, no doubt about it. But here’s the thing: fear won’t help you. I’m sharing a personal story about my struggles with anxiety, why the news cycle makes everything feel worse, and how calling out worst-case scenarios can actually give you more control.
Plus, we’re diving into the latest survey results from our audience — some frustrating, some shocking, but full of insights that could save you money. If you’re feeling stuck, this episode will help you focus on what really matters. Let’s talk strategy, not stress.
Key moments:
(01:39) Eye-opening survey results reveal major concerns from our audience (04:50) Many borrowers could drastically lower payments by filing taxes separately (09:12) PSLF’s low success rate was intentional, here’s why (19:30) Lawsuits and legal challenges mean the worst headlines aren’t the final word (26:40) Student loans are frustrating, but they’ve also opened doors — don’t lose sight of what you’ve gained
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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
- Get profession-specific financial planning
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!
There’s more turmoil surrounding the Department of Education (ED), with recent government layoffs and speculation about the ED’s future making headlines. We’re here to analyze what’s real, what’s political theater, and how these changes could impact student loan borrowers in the coming months.
We also discuss the potential fallout from IRS and USAID layoffs, the legal and budget reconciliation updates that could shape repayment options, and student loan services that might be at risk. Plus, we’ll share some personal reflections on staying sane in all this chaos.
Key moments:
(00:46) ED shutdown rumors may have been a strategic leak to test public reaction (03:36) PSLF and loan support teams have been gutted, making it harder to get help (07:22) Travis became a meme after a late-night Instagram Live on the ED stop-work order (13:02) Courts, Congress, and the executive branch are creating student loan policy chaos (20:20) Why we’re more careful about sharing loopholes — and where to find exclusive insights
Like the show? There are several ways you can help!
- Follow on Apple Podcasts, Spotify or Amazon Music
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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
- Get profession-specific financial planning
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 Department of Education is facing potential shutdown, and a stop work order has stalled loan processing. If you’re waiting on repayment plan approvals, PSLF progress, or forgiveness updates, this could directly impact you.
We’ll break down what’s really happening, how this could affect your student loan strategy, and what to do if your application is stuck. Plus, we’ll dig into the possibility of the Treasury Department taking over student loans and what that might mean for borrowers. If you have federal student loans, you need to hear this.
Key moments:
(00:32) Republicans have been wanting to close the Department of Education since 1979 (04:38) Student loan policy isn’t really the priority for shutting down the Department of Education (06:12) Why borrowers should be concerned about the stop work order on income based repayment, forgiveness, and consolidation processing (11:49) Best advice for student loan borrowers for the next few weeks
Links mentioned:
Reddit IDR application link New paid newsletter SLP Insiders for exclusive content
Like the show? There are several ways you can help!
- Follow on Apple Podcasts, Spotify or Amazon Music
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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
- Get profession-specific financial planning
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!
Ever run into a frustrating roadblock with the IRS, the Department of Education, or another federal agency? Most people don’t realize they have a direct line to help.
Financial planner Scotty McDonald, CSLP®, joins us to break down constituent services — a little-known but powerful way to get help with federal financial issues. Plus, Justin Kim-Hummel from SLP Wealth shares insider know-how from his time working with senators and congresspeople on how to cut through red tape and get results. If you’ve ever felt stuck dealing with a federal agency, this episode is a must-listen.
Key moments:
(05:04) How to request help from constituent services when federal agencies drop the ball (08:17) Why you should always go through the largest state office — and how to get the best response (15:51) The secret to getting action: share deadlines and urgency to move things forward (19:15) Should you go to your House rep or straight to your Senator? How to choose the right office (23:06) How long does it take to get answers? What to expect from the process
Links mentioned:
- Consumer Financial Protection Bureau
- FSA (Federal Student Aid) Ombudsman Office
- Congressional Research Service
Like the show? There are several ways you can help!
- Follow on Apple Podcasts, Spotify or Amazon Music
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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
- Get profession-specific financial planning
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 IDR and loan consolidation applications are down, repayment plans are shifting, and court rulings are throwing everything into question. If you're feeling stuck, you're not alone. Learn why the Department of Education is reworking the IDR and PSLF applications, what this means for your loan strategy, and how to make smart decisions despite the chaos. We'll also tackle listener questions about PSLF timing, repayment plan changes, and what potential policy shifts could mean for your forgiveness path.
Key moments:
(04:38) What the court ruling means for PSLF and ICR borrowers (07:16) Will my loans be forgiven? I’m two payments away from forgiveness and not IBR eligible (14:51) Is my income too high to qualify for financial hardship? (19:24) Do my Parent PLUS loans qualify for PSLF forgiveness? (23:06) What is the student loan “tax bomb” and will I have to pay it?
Link mentioned:
- Request an income-driven repayment plan
Like the show? There are several ways you can help!
- Follow on Apple Podcasts, Spotify or Amazon Music
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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
- Get profession-specific financial planning
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!
Flying by the seat of your pants isn’t a great strategy for your own finances, and it’s downright risky when it comes to your aging parent’s money situation. Many of us millennials and Gen Xers are suddenly realizing our boomer parents might need help, but where do we even start?
We have a practical checklist for tackling those awkward money conversations with your parents. We’ll guide you through insurance basics, tax considerations, and planning for future care needs so you don’t get stuck making life-altering decisions in a crisis — have the conversation early so you’re not scrambling when it might be too late.
Key moments:
(06:06) One conversation might not be enough and who to include in financial planning talks (11:20) Insurance policies and legal documents every family should review together (22:14) Housing decision factors: staying put, downsizing, and future-proofing their living space (30:23) The family balancing act: dividing financial and caregiving responsibilities between siblings
Like the show? There are several ways you can help!
- Follow on Apple Podcasts, Spotify or Amazon Music
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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
- Get profession-specific financial planning
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 legal battle over the SAVE plan just took another turn. With the injunction now made permanent, what happens next? Learn how this latest court decision affects your repayment plan, the impact on student loan forgiveness, and what it means for current and future borrowers.
We’ll also cover the legal and legislative angles, what to watch for in the coming months, and how to adjust your student loan strategy. If you’re wondering whether student loan forgiveness is still in play or how this affects your next steps, tune in to this episode.
Key moments:
(02:48) The ICR statute doesn't explicitly promise forgiveness after 25 years (04:44) What the SAVE injunction means in plain terms (07:31) How this ruling could throw a wrench into House Republicans’ tax cut plans (12:09) What to consider if you’re in the SAVE forbearance or going for PSLF
Like the show? There are several ways you can help!
- Follow on Apple Podcasts, Spotify or Amazon Music
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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
- Get profession-specific financial planning
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 you’ve been setting goals but not seeing results, this might be the missing piece. The simple act of writing down your financial goals increases your chances of seeing them through by 33% to 42% compared to those who just keep them in their heads. Learn why writing your goals makes such a difference, and discover simple strategies to make your financial dreams a reality. From the psychology of goal-setting to small habits that lead to big wins, we’re covering what it takes to turn your "someday" goals into real progress.
Key moments:
(03:37) Vague goals get vague results, but writing them down makes all the difference (09:57) Tracking progress keeps you motivated (18:39) A goal-based plan helps you adapt when life changes (23:56) Automation can help you reach your goals without constant effort
Like the show? There are several ways you can help!
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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
- Get profession-specific financial planning
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 student loan landscape is a mess — uncertainty, delays, conflicting headlines, and a whole lot of anxiety. Should you switch repayment plans? Are you eligible for PAYE? And how could political changes impact Grad PLUS loans and Public Service Loan Forgiveness (PSLF)? We’re answering real borrower questions and sharing practical steps you can take right now so you don’t get caught off guard by sudden changes. If you're feeling stuck, overwhelmed, or just unsure of your next step, this episode is for you.
Key moments:
(06:08) Should you switch to a new IDR plan or stick with SAVE?
(13:19) Could an executive order eliminate Grad PLUS loans?
(19:32) Can DOGE change access to PSLF or IDR forgiveness?
(25:23) Taking time off for kids? Here’s how to manage student loan repayment during career breaks
(32:43) What to expect with student loans and income recertification
Link mentioned:
- Income-Driven Repayment (IDR) plan request
Like the show? There are several ways you can help!
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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
- Get profession-specific financial planning
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!
This Valentine’s Day, we’re putting a fun twist on one of the most important (and tricky) parts of any relationship — money.
We’re playing a game of “Swipe Right or Left” to tackle common financial questions and relationship dynamics, deciding what’s worth keeping and what needs to go.
From engagement rings and budgeting to investing and prenups, we’re sharing personal stories, financial red and green flags, and the key to open, honest money conversations with your partner. Expect a playful yet insightful discussion that will leave you with fresh perspectives, practical takeaways, and maybe even a few laughs. Because when it comes to love and money, making the right match matters.
Key moments:
(06:48) Is the stock market a risky move for young couples?
(09:59) Engagement rings: How much to spend, and should proposals be a surprise
(16:47) Estate planning essentials every couple should know
(32:48) When spouses don’t share the same financial goals
Like the show? There are several ways you can help!
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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
- Get profession-specific financial planning
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!
A lot of borrowers are concerned about what would happen if the Department of Education gets eliminated. We’ll walk through exactly what can and can’t change based on the law, from Public Service Loan Forgiveness (PSLF) and Income-Driven Repayment (IDR) plans to the impact on your student loans. Plus, I’ll give you clear guidance and action steps to prepare your finances. If you’re worried about recertifying your income or wondering if you should refinance, this episode will help calm your nerves and give you practical steps to protect yourself.
Key moments:
(03:20) Your IDR payments could spike if you don’t plan for how you’ll file your tax return
(04:54) Potential PSLF and IDR program changes that could affect your forgiveness
(10:24) What a Department of Ed shakeup could mean for your student loans
(14:33) The debt-to-income formula that determines your best loan strategy
(19:41) The reconciliation bill could reshape IDR programs
Like the show? There are several ways you can help!
- Follow on Apple Podcasts, Spotify or Amazon Music
- Leave an honest review on Apple Podcasts
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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
- Get profession-specific financial planning
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!
Most people treat insurance as a set-it-and-forget-it expense — but that approach could be costing you. We’re going beyond the basics with industry experts Bobby Jackson and Taylor Walker from Rhodes Advisors to unpack the forces driving rising property and casualty (P&C) insurance costs. Y
ou’ll learn why premiums are climbing, how natural disasters and market trends play a role, and what brokers bring to the table. We’ll also explore strategic claim filing, the importance of your insurance score, and why personal cyber coverage is becoming essential. If you’re a high-income professional looking to protect your assets and make smarter insurance decisions, this episode is a must-listen.
Key moments:
(06:56) Market trends and why insurance costs are rising while coverage gets tougher (18:45) Key factors to consider before switching insurance providers (28:35) How strategic claim filing and your insurance score impact premiums (36:14) The role of personal cyber coverage in protecting your credit and finances
Link mentioned:
- Visit Rhodes Advisors
Like the show? There are several ways you can help!
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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
- Get profession-specific financial planning
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!
Confirmation battles are heating up, and student loan policy hangs in the balance. Linda McMahon is set to take over the Department of Education, but will her past come back to haunt her? More importantly, who will actually be in charge of student loan decisions? We address why student loans have been on the back burner, what could change, and how much power the Trump administration really has over repayment plans, IDR adjustments, and recertifications. Plus, we tackle must-hear listener questions to help you navigate shifting student loan policies, avoid costly missteps, and make the best decisions for your repayment strategy.
Key moments:
(00:43) Linda McMahon’s confirmation is all but certain, despite past allegations (05:56) Who will shape Trump’s student loan policy? With confirmation battles ahead, there’s no clear leader yet(06:46) Student loans aren’t a priority for Trump’s education team — where does that leave borrowers? (15:00) Over 300 qualifying payments and still waiting… should you switch repayment plans, or does it even matter? (20:46) Could Trump erase the IDR account adjustment? Yes, but it isn’t likely (32:14) IDR recertification is in Trump’s hands, and borrowers need to be ready with the right tax returns
Like the show? There are several ways you can help!
- Follow on Apple Podcasts, Spotify or Amazon Music
- Leave an honest review on Apple Podcasts
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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
- Get profession-specific financial planning
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!
Personal finance is a journey, and we’ve spent years guiding clients through its twists and turns. Now, we’re sharing the top 10 lessons we’ve learned — insights that can help you tackle student loans, achieve financial goals, and navigate the emotional side of money. Learn how simplicity can transform your financial plan, why celebrating small wins keeps you on track, and how to stop lifestyle creep before it derails your progress. We’ll also cover the smartest way to automate your finances, strategies for handling life’s curveballs, and the power of saying no when it really counts.
Key moments:
(05:23) Money isn’t just numbers, financial success is balancing math with behavior (11:11) Building an emergency fund isn’t glamorous, but it’s essential (18:10) Why financial planners ask so many questions (24:48) Automating your finances lightens the mental load and leads to big results (29:55) Learn to say no to purchases, bad investments, or family requests — even when it’s uncomfortable
Links mentioned:
- Monarch Money
Like the show? There are several ways you can help!
- Follow on Apple Podcasts, Spotify or Amazon Music
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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
- Get profession-specific financial planning
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 first week of a new administration always brings a flurry of activity, but despite a wave of executive orders, the Trump administration hasn’t touched student loans… yet. What does this mean for borrowers? Let’s unpack the silence and uncover what this lack of immediate action says about the administration’s priorities. If you’re curious about policy changes or want to stay ahead of the curve, we break it down in plain terms to help you understand what’s happening — and what could be next.
Key moments:
(01:42) Promises made under the Biden administration might not carry over in a Trump administration
(06:59) Borrowers could be asked to restart payments soon, potentially as early as this spring
(08:27) Should you get an extension to file your tax return?
(10:52) The big legislative focus is what’s happening with the reconciliation bill
(16:35) We’re still waiting for rulings from the 8th Circuit Court. Will they act, or will Trump’s team make the call?
Like the show? There are several ways you can help!
- Follow on Apple Podcasts, Spotify or Amazon Music
- Leave an honest review on Apple Podcasts
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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
- Get profession-specific financial planning
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 age-old question of renting versus buying takes center stage in this episode as we explore whether the American dream of homeownership lives up to the hype. Jake Courtney, CFP®, CSLP®, a financial planner with the SLP Wealth dental team, joins us for a lively debate as we dig into the financial and lifestyle factors that go into this decision, bust some common myths, and help you weigh what’s right for your situation. In the end, we’ll help you decide if buying a home is truly all it’s cracked up to be.
Key moments:
(07:07) The costs of homeownership go beyond the mortgage and include “phantom” expenses you might not expect (13:30) Using the price-to-rent ratio to decide if buying or renting is the smarter financial move (17:08) Why renting isn’t always “throwing money away” — key factors to consider before deciding (26:21) Renting might be your best option if you’ve just bought a business or can’t yet qualify for a mortgage
Links mentioned:
- Rent vs. Buy Calculator for Residency/Fellowship
- Financially Free Dentists podcast
Like the show? There are several ways you can help!
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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
- Get profession-specific financial planning
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!
With a new Trump administration taking office, the next 100 days could shape the future of student loans in America. We’re breaking down what we’re watching and what these potential changes could mean for borrowers.
Key moments:
(01:06) The GOP’s budget reconciliation bill and how it could impact borrowers nationwide
(03:46) A closer look at the proposal to end time-based forgiveness and require full repayment of principal plus interest
(05:03) How student loans factor into the GOP’s proposed spending cuts and what might happen next
(10:16) Will the Biden administration’s IDR account adjustments survive under GOP leadership?
Like the show? There are several ways you can help!
- Follow on Apple Podcasts, Spotify or Amazon Music
- Leave an honest review on Apple Podcasts
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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
- Get profession-specific financial planning
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!
What’s next for student loan borrowers in a world of shifting repayment plans and interest rates? Financial planner Sim Terwilliger, CFP®, CSLP®, joins us to break down the potential repeal of the SAVE plan and how it could reshape repayment strategies. We explore why PAYE or IBR might take center stage, when refinancing could make sense, and why it’s always a case-by-case decision. If you’re PSLF-eligible or unsure how these changes impact your financial future, this episode has the answers you need.
Key moments:
(01:51) PAYE might be the go-to repayment plan if SAVE is repealed (and we think it will be) (07:04) Refinancing your loans could make sense, but it isn’t for everyone (16:08) The trade-offs of refinancing, including losing federal protections (22:30) Why refinancing is a no-go if you’re PSLF-eligible
Like the show? There are several ways you can help!
- Follow on Apple Podcasts, Spotify or Amazon Music
- Leave an honest review on Apple Podcasts
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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
- Get profession-specific financial planning
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 you’ve been wondering how to level up your finances in 2025, we’ve got you covered. Discover our top 10 strategies to help grow your wealth, including smart investment moves, must-know insurance tips, and how to recession-proof your finances without losing sleep. But it’s not just about numbers. We’ll talk about how mental health and money intersect, share some personal stories, and give you real-world advice you can use. If growing your wealth and simplifying your financial life are on your radar for 2025, this episode is a must-listen.
Key moments:
(04:17) Tracking your spending reveals the true story of your finances
(10:20) Protect your mental health by embracing where you are, without the pressure to be more
(16:50) Avoid costly tax mistakes by understanding cost basis
(23:43) Plan for the worst while appreciating the best (balancing gratitude with preparation)
(32:47) Understanding your finances is the first step to building a life with purpose and balance
Like the show? There are several ways you can help!
- Follow on Apple Podcasts, Spotify or Amazon Music
- Leave an honest review on Apple Podcasts
- Subscribe to the newsletter
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
- Get profession-specific financial planning
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!
What’s the real difference between being a 1099 contractor and a W2 employee? And who actually decides which one you are — your employer or state law? Financial planner Kathleen Boyd, CFP®, CSLP®, CBDA, joins us to unpack the distinctions between these classifications and what they mean for your career, finances, and legal obligations. You’ll learn the IRS guidelines that determine your status, the pros and cons of each, and how being 1099 or W-2 impacts your retirement savings, tax planning, and benefits like Social Security and Medicare. Plus, we’ll discuss unique situations like earning both W-2 and 1099 income from locum tenens work.
Key moments:
(04:43) Key differences between 1099 contractor income and W-2 employee income
(11:16) How IRS rules determine if you’re a 1099 contractor or should be classified as W-2
(17:21) The pros and cons of 1099 vs. W-2 status and how they impact your taxes, retirement, and benefits
(30:56) What happens when you earn both W-2 and 1099 income as a locum tenens worker?
Link mentioned:
- Worker Classification 101: employee or independent contractor
We’ll look ahead at major changes in student loan repayments under the new Trump administration, with potential IDR recertification deadlines and implications of the 8th Circuit's decisions. Plus, I’ll share a personal story about an investment mistake that cost me thousands and tips so that it doesn’t happen to you.
Key moments:
(01:28) Student loan collections are restarting: what it means for your credit and forbearance
(03:49) What cost basis is (and a personal story about how ignoring it cost me thousands)
(09:49) Are AUM fees worth it? Breaking down the math
(15:06) Understanding technical investing strategies can give you an edge in wealth-building
Like the show? There are several ways you can help!
- Follow on Apple Podcasts, Spotify or Amazon Music
- Leave an honest review on Apple Podcasts
- Subscribe to the newsletter
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
- Get profession-specific financial planning
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!
Is it possible to buy a home without a credit score? We’re joined by special guest Steve Stewart, podcast editor, who shares how he moved his family to Colorado and secured a mortgage without a traditional credit score. Steve, who hasn’t opened a credit account since 2008, reveals tools and strategies for documenting payment history, navigating homeownership as a single-income household, and overcoming challenges as a self-employed borrower. We also discuss why the credit scoring system prioritizes debt, how professionals with unconventional financial profiles can still secure a mortgage, and how to handle tax reporting, 1099 forms, and business structuring for freelancers and entrepreneurs.
Key moments:
(05:29) The myth that a credit card is safer than a debit card
(09:19) Strategies to get a mortgage without a traditional credit score or manual underwriting
(21:36) What living without credit means for missing out on card perks
(27:13) Simplifying 1099 income reporting and third-party processor confusion
Links mentioned:
- eCredable
- Experian Boost
Like the show? There are several ways you can help!
- Follow on Apple Podcasts, Spotify or Amazon Music
- Leave an honest review on Apple Podcasts
- Subscribe to the newsletter
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
- Get profession-specific financial planning
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 loan repayment plans are in chaos. From the PAYE and ICR confusion to the ongoing servicer challenges, borrowers face an overwhelming mess. We break down what’s happening, what changes might be coming, and how to stay ahead in an unpredictable system. On the investing side, we’re tackling the dominance of U.S. stocks since 2008, asking whether their reign is coming to an end. We’ll explore the rise of cryptocurrencies, the risks of betting too heavily on any one market, and why diversification remains critical to long-term financial success.
Key moments:
(01:23) How reopening the ICR plan lets high-income borrowers qualify for forgiveness and PSLF
(03:16) U.S. stocks have outperformed international markets by 3.5x since 2008
(07:23) Bitcoin’s wild swings, why it mirrors U.S. stocks but amplifies market moves
(11:45) Why investors tend to chase risky stocks and overlook safer opportunities
(15:40) The importance of a diversified portfolio for professionals, no matter your student loan debt
(16:49) Key investment strategies to prioritize as 2025 approaches
Links mentioned:
- Department of Education Announces Borrowers Can Now Apply for Additional Income-Driven Repayment Plans
- WSJ: Young Men Are Making Risky Bets on Crypto and Politics—and Raking It In Right Now
Like the show? There are several ways you can help!
- Follow on Apple Podcasts, Spotify or Amazon Music
- Leave an honest review on Apple Podcasts
- Subscribe to the newsletter
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
- Get profession-specific financial planning
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 clock is ticking on the double consolidation loophole for Parent PLUS Loans, which closes in July 2025. Learn what this change means, why borrowers must act quickly, and how to make the most of the remaining time. We’ll tackle the big questions: Should you file taxes jointly or separately? How do Medicare penalties and student loan repayments overlap? And what strategies can help you maximize income-driven repayment (IDR) plans before the loophole disappears? Jared Costigan, CFP®, CSLP®, a financial planner with the SLP Wealth team, shares expert advice on preserving retirement savings, aligning Social Security with loan repayment, and leveraging Public Service Loan Forgiveness (PSLF).
Key moments:
(05:16) Parent PLUS debt surged 63% from 2015 to 2022 as the cost of college climbs
(9:19) The double consolidation loophole could save you from paying 20% of your retirement income
(19:38) Who benefits most from a double consolidation? Borrowers with balances nearing or exceeding their income
(27:56) Income planning ties Social Security and loans to retirement timing — don’t overlook it
(37:32) Filing taxes separately can lower loan payments but may raise Medicare costs
Links mentioned:
- Financially Free Physicians podcast
- Department of Education Parent PLUS Loans
- Parent PLUS Double Consolidation Loophole Guide for 2025
Like the show? There are several ways you can help!
- Follow on Apple Podcasts, Spotify or Amazon Music
- Leave an honest review on Apple Podcasts
- Subscribe to the newsletter
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
- Get profession-specific financial planning
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!
This episode is packed with answers to listener questions about student loans. From Public Service Loan Forgiveness rules to spousal consolidation loans, we’re covering real-life scenarios that borrowers face every day. Wondering how family size changes affect payments or what to make of new repayment plans? We’ve got you. Tune in for practical advice, expert tips, and answers to the questions you didn’t even know you had. Let’s get into it!
Key moments:
(04:07) Tackling spousal consolidation loan headaches and finding a way forward
(06:44) Why claiming dependents can impact your loan forgiveness taxes
(15:41) Nearing forgiveness? Here’s what to know about IBR qualification
(18:37) Forbearance confusion: Does processing or administrative forbearance count for PSLF?
Like the show? There are several ways you can help!
- Follow on Apple Podcasts, Spotify or Amazon Music
- Leave an honest review on Apple Podcasts
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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
- Get profession-specific financial planning
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 shocking murder of UnitedHealthcare’s CEO is a tragic story that highlights deeper issues within the health insurance industry — wealth, greed, inequality, and power dynamics — and raises important questions about the prioritization of profits over patient care. We’re taking a closer look at the broader implications of this event and its ties to the systemic challenges healthcare professionals already know too well. Sim Terwilliger, CFP®, CSLP®, joins us and shares a personal connection to the story. We explore the emotions and frustrations it brings up, especially for those working in a system often criticized for putting profit before people.
Key moments:
(04:35) Unpacking the growing anger toward health insurance companies (10:36) Insurance companies overriding physicians leads to worse outcomes for patients (13:00) A recap of what happened, the manifesto, and the controversial sympathy for the alleged shooter’s motives (21:07) Fear and frustration leave many wondering if change in healthcare is even possible
Like the show? There are several ways you can help!
- Follow on Apple Podcasts, Spotify or Amazon Music
- Leave an honest review on Apple Podcasts
- Subscribe to the newsletter
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
- Get profession-specific financial planning
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 PSLF buyback program could be the key to reaching forgiveness faster, but there’s a catch. You must use exact language in your reconsideration request, or it won’t count. Without it, your request might be dismissed as just an inquiry — seriously. We break down everything you need to know about PSLF buyback, including the steps to get your application right the first time, how this program came to be, and why it’s still available despite the SAVE plan injunction. Plus, we'll touch on the importance of keeping an eye on refinancing rates and what to expect if policies shift under a new administration. If you’re worried about PSLF or wondering how things might change under a different political landscape, this episode has the answers to help calm your nerves.
Key moments:
(01:51) The exact steps and language needed to apply for PSLF buyback
(05:32) How PSLF buyback could save borrowers a ton of money
07:34) Potential impacts if a Trump administration repeals PSLF buyback or the SAVE plan
(11:02) How falling refinancing rates could create new opportunities for borrowers
Like the show? There are several ways you can help!
- Follow on Apple Podcasts, Spotify or Amazon Music
- Leave an honest review on Apple Podcasts
- Subscribe to the newsletter
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
- Get profession-specific financial planning
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!
Social media is overflowing with flashy trends and hyped-up advice, making it easy to feel like you’re missing out. From “get rich quick” schemes to so-called success shortcuts, the constant FOMO can lead to bad financial habits and second-guessing your decisions. We’re exposing the trends that claim to help but actually hold you back. Discover how harmful financial behaviors and misleading investment advice can keep you stuck — and learn how to avoid these traps. Tune in for practical tips to cut through the noise and focus on building real, sustainable financial success.
Key moments:
(01:39) Influencers say “do this,” but their success doesn’t mean it’ll work for you
(10:07) Are you falling behind, or is social media making you feel that way?
(22:47) Unqualified influencers sell dreams, but they rarely deliver real results
(29:53) Hustle culture glamorizes nonstop work but keeps you from what really matters
Like the show? There are several ways you can help!
- Follow on Apple Podcasts, Spotify or Amazon Music
- Leave an honest review on Apple Podcasts
- Subscribe to the newsletter
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
- Get profession-specific financial planning
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!
Over the past four years, student loans have been at the center of some of the most dramatic changes we’ve ever seen — both good and bad. We’ll explore the Biden administration’s legislative and executive actions, such as making student loan forgiveness tax-free through the American Rescue Plan, the PSLF waiver, and the introduction of the SAVE plan. Along the way, we’ll unpack the political pressures Biden faced, comparisons to FDR, and the influence of key players like Senator Warren and Richard Cordray. In addition, we’ll examine the political ramifications and speculate about the future of student loan policies under a Republican-controlled government.
Key moments:
(06:13) Misrepresented loan repayments paved the way for executive actions
(11:01) A once-in-a-generation opportunity to rewrite the social contract
(17:57) Why Republicans saw an opening to sue over student loan cancellation
(21:13) The SAVE plan’s billion-dollar promise — and why it was never realistic
(26:08) Are plans in motion to roll back Biden’s student loan reforms? What we’re hearing
Like the show? There are several ways you can help!
- Follow on Apple Podcasts, Spotify or Amazon Music
- Leave an honest review on Apple Podcasts
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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
- Get profession-specific financial planning
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!
Roth IRAs are a fantastic tool for building tax-free retirement wealth, but they’re not without their pitfalls. Uncover common Roth IRA mistakes, like contributing too much, missing key deadlines, or triggering taxes you didn’t expect — and how to avoid them. Already made a misstep? Don’t worry. We’ll walk you through how to fix these mistakes, from recharacterizing contributions and correcting excess contributions to handling IRS notices.
Key moments:
(04:35) Why a Backdoor Roth IRA might be right for you (and the new 2025 phase-out limits)
(10:01) The five steps to completing a Backdoor Roth IRA
(16:32) Common Roth IRA mistakes and how to fix them
(19:27) The Pro Rata Rule and its potential tax consequences
(24:57) Strategies to avoid taxable conversions
Like the show? There are several ways you can help!
- Follow on Apple Podcasts, Spotify or Amazon Music
- Leave an honest review on Apple Podcasts
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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
- Get profession-specific financial planning
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 you're counting down your final PSLF payments and feeling like you're losing your mind with all the uncertainty, this episode is for you. We'll tackle what's actually worth worrying about when you're close to forgiveness, explore strategies for navigating the final stretch, dig into the PSLF buyback situation, and cover what you need to know about potential new repayment plans and legislative changes on the horizon.
Key moments:
(01:19) Misinformation about applying for PSLF buyback: What’s real and what’s noise (08:31) Court rulings, tax changes, and what they mean for forgiveness programs (15:14) What to do while waiting for IBR application processing (16:07) New Republican proposal to reset student loan interest rates
Like the show? There are several ways you can help!
- Follow on Apple Podcasts, Spotify or Amazon Music
- Leave an honest review on Apple Podcasts
- Subscribe to the newsletter
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
- Get profession-specific financial planning
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!
Stuck in holiday traffic? Make the most of your travel time with our curated collection of student loan resources perfect for your commute. We'll explore the latest Pay As You Earn (PAYE) rumors, tackle tricky PSLF payment count challenges, and share a simple yet effective tool to estimate your IDR forgiveness progress while we wait for the Department of Education’s much-anticipated tracker.
Key moments:
02:41 New resources you’ll love: Podcasts for dentists, physicians, and veterinarians 05:36 How to pinpoint your payment count if you’re curious where you stand on forgiveness 14:11 Nearing 120 payments? Don’t miss this step-by-step guide we’ve been sharing with our clients 28:23 PAYE might be making a comeback: The pros, cons, and what it could mean for you
Links mentioned:
- PSLF payment tracker through StudentAid.gov
- https://studentaid.gov/app/api/nslds/payment-counter/summary
- Financially Free Dentists podcast
- Financially Free Physicians podcast
Like the show? There are several ways you can help!
- Follow on Apple Podcasts, Spotify or Amazon Music
- Leave an honest review on Apple Podcasts
- Subscribe to the newsletter
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
- Get profession-specific financial planning
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 last few weeks have been a lot — election chaos, tensions running high, and now Thanksgiving is knocking on the door. If the thought of sitting at the table with family members who have very different opinions makes you cringe, you’re not alone. We've brainstormed tons of fun and unconventional methods to sidestep political tension, avoid unnecessary drama, and maybe even have a little fun. Plus, we'll explore the power of gratitude, the tactical use of distraction, and even a few spicy clap-back comebacks for when things get a bit too heated. Think of it as your guide to surviving the holidays without losing your cool (or your plate of pie).
Key moments:
(03:16) Turn the table into a stage with over-the-top campaign speeches for the best side dish (05:28) How to keep stressful conversations in check without drawing attention (13:05) Push boundaries with a bold clap-back (or stick to the nod-and-smile technique for a drama-free approach) (20:06) Two ways to handle conspiracy theories: a smooth exit or playful engagement (23:12) A low-key hack for escaping post-meal chaos while earning brownie points Turkey, Tension, and Dodging Drama
Like the show? There are several ways you can help!
- Follow on Apple Podcasts, Spotify or Amazon Music
- Leave an honest review on Apple Podcasts
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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
- Get profession-specific financial planning
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!
It’s an unlikely scenario, but the possibility of President Trump abolishing the Department of Education in his second term is a hot topic that’s sparked questions and concerns among student loan borrowers. We’ll explore what that might mean, unpack the fears and anxieties expressed by our listeners, and provide context around the policy implications. Plus, stick around for our “listener mailbag,” where we tackle specific questions and worries that have been pouring into our inboxes.
Key moments:
04:31 Republicans' plan is not actually to eliminate the Department of Ed 10:21 How to handle income recertification for IDR plans during job gaps 16:04 Will the discontinued PAYE plan return amid changes? 22:37 Timing actions around the 0% interest period for student loans
Like the show? There are several ways you can help!
- Follow on Apple Podcasts, Spotify or Amazon Music
- Leave an honest review on Apple Podcasts
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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
- Get profession-specific financial planning
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!
Ready to turn up the heat on your finances before 2024 comes to a close? We’ve packed this episode with 15 savvy, high-impact financial moves to help you finish the year on top. From maxing out retirement contributions and exploring tax loss harvesting to utilizing backdoor Roth strategies and refinancing high-interest debt, we’re covering it all. We’ll also discuss year-end must-dos like reviewing your insurance, managing FSA funds, and checking your credit report. Tune in to make the most of the final stretch of 2024 and set yourself up for a strong start in 2025.
Key moments:
04:05 Tax-loss harvesting and backdoor Roth IRA can help trim your tax liability 09:47 A personal story on listing income sources to stay in the clear with the IRS 13:40 With interest rates coming down, now might be the perfect time to refinance student loans or your mortgage 17:42 Important tips on updating insurance coverages and taking advantage of open enrollment benefits
Links mentioned:
- The Next 4 Years of Student Loans: Major Changes Are Coming
- Check Student Loan Refinance Interest Rates
- IRS Tax Withholding Estimator
Like the show? There are several ways you can help!
- Follow on Apple Podcasts, Spotify or Amazon Music
- Leave an honest review on Apple Podcasts
- Subscribe to the newsletter
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
- Get profession-specific financial planning
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!
With Trump’s unexpected victory in the popular vote and key swing states, and a likely Republican majority in Congress, significant changes to student loan policies may be on the horizon. We’ll look at possible shifts in Public Service Loan Forgiveness (PSLF) that could make it harder to qualify, and the potential elimination of the Saving on a Valuable Education (SAVE) plan. We’ll discuss recent court rulings that could reshape repayment strategies, like the 8th Circuit Court decision on the Income-Contingent Repayment (ICR) statute. We'll also touch on political dynamics influencing these changes, including Republican and Democratic strategies, the implications of past proposals like the Prosper Act, and what borrowers need to consider moving forward.
Key moments:
04:18 Likely elimination of the SAVE plan — when should you consider switching to a different repayment option? 08:27 Republicans are making their own IDR plan and how past proposals threatened borrowers 18:42 Loan forgiveness potential might be more generous than we think 24:22 Potential for major policy changes under Trump’s second term
Like the show? There are several ways you can help!
- Follow on Apple Podcasts, Spotify or Amazon Music
- Leave an honest review on Apple Podcasts
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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
- Get profession-specific financial planning
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!
Could your tax filing status save you thousands on student loan payments? You're about to find out. We’re discussing how choosing to file jointly or separately can impact your student loan repayment strategy. You’ll hear about real-world scenarios, from high-income couples evaluating their tax implications to the strategic benefits of filing separately in community property states. Plus, we’ll explore how recent legislative scrutiny on loan repayment plans could affect your financial planning.
From navigating recertification dates to leveraging tax extensions, you'll gain practical insights that could reshape the way you manage your taxes and student loans.
Key moments:
- 05:18 Should a dual-dentist household file taxes separately? A real case study
- 18:00 Myths vs. reality of tax filing extensions
- 22:13 How filing taxes separately changes everything in a community property state
- 26:42 A physician-teacher couple cashes in on the breadwinner loophole
- 35:31 Reclaim your money by amending your MFS tax return
Like the show? There are several ways you can help!
- Follow on Apple Podcasts, Spotify or Amazon Music
- Leave an honest review on Apple Podcasts
- Subscribe to the newsletter
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
- Get profession-specific financial planning
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!
Have you ever wished you could give your debt — and even your degree — back? The weight of student loans is no joke, but returning it won't improve your life. The truth? You're underestimating the position you're in. A professional degree offers more job security, higher income potential, and better protection during economic downturns. Stop beating yourself up and start recognizing the smart financial decisions you've made.
In today’s episode:
05:04 Your career choice might not impact your happiness as much as you think 10:22 Feeling stress and shame? You're in a better position than you think 12:26 Prioritizing happiness and setting healthy financial boundaries
Like the show? There are several ways you can help!
- Follow on Apple Podcasts, Spotify or Amazon Music
- Leave an honest review on Apple Podcasts
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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
- Get profession-specific financial planning
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!
Bringing a child into the world is one of life’s greatest joys — and one of its biggest financial commitments. With so much to consider, it’s easy to feel overwhelmed. Learn real-life insights, personal stories, expert advice and practical tips to help make this transition as smooth as possible.
Key moments:
09:13 Health insurance coverage, costs, co-pays and coinsurance explained 14:44 How to take parental leave without going broke 20:12 Hidden advantages of pregnancy on your student loan payments 29:18 Balancing life insurance, estate planning and retirement goals
Like the show? There are several ways you can help!
- Follow on Apple Podcasts, Spotify or Amazon Music
- Leave an honest review on Apple Podcasts
- Subscribe to the newsletter
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
- Get profession-specific financial planning
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 SAVE lawsuit hearing did NOT go well for borrowers. What happens if SAVE was ruled to be unconstitutional along with the ICR statute? In this episode, we will share more about the challenges the SAVE plan is facing and what borrowers should consider up ahead.
Key moments include
01:30 What are the current SAVE lawsuits? 04:50 Student loan uncertainty causing statute confusion 12:35 SAVE plan forbearance considerations 17:38 PSLF real talk and how it is limited to certain groups 21:15 How politicians see student loan repayment plans 22:10 What borrowers should consider up ahead
Like the show? There are several ways you can help!
- Follow on Apple Podcasts, Spotify or Amazon Music
- Leave an honest review on Apple Podcasts
- Subscribe to the newsletter
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
- Get profession-specific financial planning
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!
Think you’re making the most of your health benefits? It’s open enrollment, and we’re decoding everything you need to know, from why HSAs are the most overlooked investment vehicle to the surprising perks hiding in your benefits package.
In today’s episode:
01:58 Making sense of health insurance HMOs, PPOs, high-deductible health plans, and HSAs 20:57 The big issue with group life insurance and disability insurance policies 32:07 Maximizing legal benefits and estate planning protection 36:37 Protecting the whole family with pet insurance
Like the show? There are several ways you can help!
- Follow on Apple Podcasts, Spotify or Amazon Music
- Leave an honest review on Apple Podcasts
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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
- Get profession-specific financial planning
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 you graduated back in May, your student loan grace period is about to expire. Get the inside track to navigate this new financial responsibility and manage recertification details. You’ll also find out the latest updates on forbearance options, hear success stories of borrowers who’ve benefited from payment recalculations and plan switches, and explore possible loopholes that might emerge if SAVE is repealed.
In today’s episode:
01:37 New grads must decide on loan repayment plans 11:30 Recertification timelines post-COVID forbearance 21:34 SAVE plan forbearance may be extended 28:52 The “double debt” loophole if SAVE is repealed
Like the show? There are several ways you can help!
- Follow on Apple Podcasts, Spotify or Amazon Music
- Leave an honest review on Apple Podcasts
- Subscribe to the newsletter
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
- Get profession-specific financial planning
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!
We’re exploring spending and creative shopping tips beyond the age-old advice of setting a holiday budget. Get tips you can actually use to keep your finances in check from Halloween to the new year.
In this episode:
01:47 Hidden holiday costs and how to catch up after a really expensive month 12:18 Shopping tips for Halloween candy and costumes and nailing the lowest price on gifts 23:23 Get crafty and frugal with DIY gifts and holiday activities, plus Sim’s favorite holiday tip 32:19 Setting expectations with family to lower your stress levels
Links mentioned:
- Ally
- Capital One
- thredUP
- Honey
- Kroger
- Publix
- Target Circle
Like the show? There are several ways you can help!
- Follow on Apple Podcasts, Spotify or Amazon Music
- Leave an honest review on Apple Podcasts
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Feeling helpless when it comes to your student loans?
- Try our free student loan calculator
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Imagine a world where the SAVE plan is struck down by the courts, taking various income-driven repayment (IDR) plans with it and leaving millions of borrowers scrambling. This worst-case scenario could block hundreds of thousands from accessing Public Service Loan Forgiveness (PSLF) and introduce massive complications for those on IDR plans. But don’t worry, I’ll break down this doomsday scenario, discuss its implications, and offer strategies for how you can best prepare.
Highlights from this episode:
02:37 Tougher eligibility for PSLF and income-driven repayment 06:33 Key tax strategies (reducing AGI, filing separately, and community property considerations) 09:36 Why I’m not overly concerned just yet 16:51 How to make sure you can still get a spot on the IBR plan
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Reddit is a valuable yet risky source of information for student loans. Listen in to get actionable advice for real-life scenarios as we react to what people are saying about money online.
In today’s episode:
10:43 Navigating private loan lawsuits, bankruptcies, and strategic defaults 17:12 Reverse mortgage for a vacation: Good idea or bad move? 27:06 Not every choice is about money 39:32 Seeing friends get married and buy homes is hard if you’re not there yet
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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!
After months of waiting, the Income-Driven Repayment (IDR) application is live again! But with all the changes, options, and deadlines, where do you start? Learn the steps you should take if you’re considering switching repayment plans, the implications for Public Service Loan Forgiveness (PSLF), and how to navigate the updated requirements for loan consolidations and recertifications.
In today’s episode:
4:37 Application processing, clarifying recertification, and the PSLF buyback 16:16 Double Consolidation advice for Parent PLUS borrowers 20:54 PSLF recertification and confusing payment count updates 34:17 When to consolidate and reasons why you shouldn’t
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We’re getting honest about how we can unknowingly sabotage our financial success. We’ll break down common behavioral traps like holding onto investments because we’ve already put money into them (hello, sunk cost fallacy), making decisions based on recent trends (that’s recency bias), and following the crowd just because everyone else is (herd mentality). When we can recognize these behaviors, we can stop being the problem and start making better choices with our money.
In today’s episode:
11:31 A super-easy way to track financial progress 16:42 Our money story and how we grew up shapes how we manage money 21:25 Recency bias affects investment decisions, cyclic trends 37:08 Sunk cost fallacy, herd mentality, and dollar-cost averaging
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Tackling the real issues you’re facing and answering a lot of listener questions that have come in about student loans. We’ll chat about the impact of possible political changes on loan forgiveness programs, share tips on managing your loans during servicer transitions, and give advice on everything from autopay issues to whether you should buy property in Hawaii.
In today’s episode:
00:38 Parent PLUS loan consolidation, Public Service Loan Forgiveness (PSLF), marriage and student loans 17:40 Advice for new graduates, administrative forbearance, early income recertification, PSLF buyback 30:19 Interest accruing during forbearance, PSLF credit for past payments, timing PSLF 41:32 Forgiveness timelines when there’s a gap between undergrad and grad loans, interest capitalization
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- Book your custom student loan plan
- Get profession-specific financial planning
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!
Balancing student loans and other financial goals can feel overwhelming, but it’s absolutely achievable. We’ll guide you through prioritizing your financial goals, from paying off debt to creating a solid foundation with brokerage accounts, retirement planning, and tax strategies for long-term success.
In today’s episode:
04:40 Start by building an emergency fund (step 1), making the most of your employer benefits (step 2), and paying off high-interest debt (step 3)
10:48 Next, invest in a brokerage account (step 4), increase your emergency savings (step 5), and secure disability insurance (step 6)
21:53 Max out your health savings or flexible spending accounts (step 7), contribute the maximum to your 401(k), 403(b), or 457 (step 8), and ensure you have life insurance (step 9)
39:56 Finally, contribute the maximum to your Roth IRA, or consider a backdoor Roth IRA if you don’t qualify (step 10), grow your brokerage account (step 11), and plan for long-term goals (step 12)
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- Book your custom student loan plan
- Get profession-specific financial planning
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!
Payment caps aren’t something most borrowers think about, but they can have a huge impact on anyone using an income-driven repayment (IDR) plan. With ongoing court battles that could reshape repayment options, it's more important than ever to understand what payment caps are, how they work, and why they could mean massive shifts in how borrowers handle their payments and pursue forgiveness.
In today’s episode:
01:03 How payment caps work under Saving on a Valuable Education (SAVE), Income-Based repayment (IBR) and Pay As You Earn (PAYE)
06:44 What happens if you can’t get on the income-based repayment plan?
11:51 Did the Biden administration’s handling of SAVE create more challenges for borrowers?
13:53 The final outcome hinges on Trump or Harris administration decisions
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Feeling helpless when it comes to your student loans?
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- Check out our refinancing bonuses we negotiated
- Book your custom student loan plan
- Get profession-specific financial planning
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!
Just like physical fitness, financial fitness is key to a healthy life. Discover how personalized financial goals, like a tailored workout plan, can help you build a strong foundation with smart cash flow management, debt control, and a solid emergency savings strategy.
In today’s episode:
07:41 Cash flow planning makes it easier to balance your income and expenses 16:58 A larger emergency fund allows for a higher deductible, which can lower your insurance premiums 28:30 As life changes, so do your goals, and your savings plan should evolve to keep pace 38:11 Financial planning is most effective when personalized since everyone’s situation is so different
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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 loan forgiveness has been a political hot potato for years, and recent moves by the Biden administration have reignited fierce debates. I’m breaking down the political chess game behind these battles and where things might go from here.
In today’s episode:
09:24 Regulations unintentionally increased debt balances for borrowers 18:46 The COVID student loan repayment pause triggered a ripple effect 24:48 Transitioning to executive action after not getting support in Congress 31:10 Provoked by benefits, costs, and generous terms, Republicans decided to sue
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Find out where you stand financially and if you're on track to become a millionaire.
Financial experts Meagan McGuire and Sim Terwilliger explain how to evaluate savings strategies, balance debt with investments, and avoid overspending. You’ll also learn how understanding opportunity costs can help shape smarter financial decisions.
In today’s episode:
06:16 Calculate your current standard of living to estimate retirement expenses
16:03 Front-load retirement savings early in your career
21:45 Compare interest rates to prioritize debt repayment or investing
32:36 Use Investor.gov’s calculator to see where you’re at on your savings journey
Link mentioned:
- Compound Interest Calculator
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- Check out our refinancing bonuses we negotiated
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- Get profession-specific financial planning
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!
Worried about changes to your student loan payments? It could happen if the Saving on a Valuable Education (SAVE) plan is repealed. Student loan experts Megan McGuire and Sim Terwilliger share how they’re advising clients to rethink their repayment approach.
In today’s episode:
05:24 Parent PLUS loan borrowers need a plan B and plan C
13:44 Fill out a forbearance application to postpone or reduce student loan payments
24:07 Monthly income-driven repayments (IDR) can spike if you don’t update your income
31:49 PSLF buyback can give you credit for months that didn’t qualify before
Link mentioned:
- SAVE Plan Court Actions: Impact on Borrowers
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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!
Learn how to lower your taxable income and reduce student loan payments by optimizing pretax benefits like 401(k)s, IRAs, Health Savings Accounts (HSAs), Flexible Spending Accounts (FSAs), and more. Financial experts Meagan McGuire and Connor Pierce guide you through these valuable strategies.
In today’s episode:
09:18 Strategies for maximizing retirement savings as a sole proprietor
16:49 How to reimburse medical expenses from previous years tax-free
26:07 Why a Roth IRA may be a smart choice for a lower-income tax strategy
34:05 The benefits of filing a tax extension to keep your student loan payment low
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- Check out our refinancing bonuses we negotiated
- Book your custom student loan plan
- Get profession-specific financial planning
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!
With recertification deadlines for income-driven repayment (IDR) plans being pushed back repeatedly, there's a growing concern that borrowers may be hit with unexpectedly high payments once these delays finally end. This situation is creating what I call the “IDR recertification time bomb.”
In today’s episode:
03:37 Payments could skyrocket to 10 or even 20 times their current amount 07:03 IDR recertification could lead to chaos if the courts nix the Saving on a Valuable Education (SAVE) plan 13:57 Resources for student loan borrowers to prepare themselves
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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!
From mounting credit card and auto loan debt to the less obvious pitfalls of inflation and misguided investment choices, Meagan McGuire and Sim Terwilliger unpack the five financial traps they see student loan borrowers falling into.
In today’s episode:
01:41 Credit card debt, average balances by generation, and the best defense against growing balances 11:02 Car payments, average loan terms, and the pros and cons of buying vs. leasing 23:14 Unchecked consumerism, the lure of rage-baiting, and the dangers of chasing the status quo 33:32 Inflation and why investing is crucial to staying ahead 38:14 Student loans and the high price of not having the right repayment plan in place
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- Book your custom student loan plan
- Get profession-specific financial planning
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!
As legal battles unfold, student loan borrowers face a wave of uncertainty. In this episode, I’ll break down the latest developments from the 8th Circuit Court and explore how their recent rulings could impact the future of student loan forgiveness plans like Saving on a Valuable Education (SAVE).
In today’s episode:
02:33 The 8th Circuit Court's decision to halt the 400-page SAVE plan 05:04 My take on why the court may view the Biden administration's actions as illegal 06:58 Could the court challenge the legality of the ICR statute? 13:38 Student loan workarounds and strategies from tax filing tips to PSLF buyback
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- Book your custom student loan plan
- Get profession-specific financial planning
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!
Ever wondered how politicians invest? Join me and special guest Meagan McGuire as we discuss the portfolios of Vice President Kamala Harris and other political figures. We'll explore the importance of a balanced portfolio and share our personal experiences on the value of seeking professional advice.
In today’s episode:
03:33 Kamala Harris’s portfolio that Meagan calls “vanilla boringness” 04:58 Senator Clinton's optimized, low-cost, passive investment portfolio 07:11 Speaker Pelosi’s net worth and a breakdown of direct indexing 14:54 Trump’s investment portfolio, types of holdings and the value of his real estate 21:20 Practical takeaways and lessons from their financial strategies
Link mentioned: Coconut tree meme, explained
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The latest on the Biden administration’s student loan cancellation program includes opt-out provisions that have left many scratching their heads. I’ll cover that and explain the legal back-and-forth and endless policy changes of student loan repayment, so you don’t have to feel so alone.
In today’s episode:
- 00:36 The 8th Circuit Court ruling means everything about the Saving on a Valuable Education (SAVE) plan is going to stay locked down
- 05:58 Positive outcomes that benefit borrowers
- 08:16 The reason behind the opt-out provision (hint: it's not about choosing to opt out)
- 10:26 Stay positive and focus on financial strategies that you can control
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- Book your custom student loan plan
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Switching jobs is about more than employee benefits and compensation packages when you’re a student loan borrower. Student loan advisors Connor Pierce and Jake Courtney explore how federal student loans can adapt to income changes, making them less stressful when contemplating career moves or starting a business.
In today’s episode:
- 06:10 Analyze Public Service Loan Forgiveness (PSLF) vs. private employer repayment options
- 13:29 Calculate hourly pay rate to assess commuting worth
- 20:27 Before you switch, check your vesting schedule
- 27:36 COBRA coverage and why it might be better than an ACA plan
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The labyrinth of pre-COVID student loan rules are making a dramatic return. I’ll explore the Biden administration's key regulations impacting Public Service Loan Forgiveness (PSLF) and income-driven repayment (IDR) plans, the legal battles putting these changes on ice, and what it means for borrowers caught in the middle.
In today’s episode:
- 01:50 Revival of Pay As You Earn (PAYE) and Income-Contingent Repayment (ICR) plans
- 04:45 PSLF borrowers have less to worry about, plus the “buyback provision”
- 08:03 Borrowers going for 20 and 25 year forgiveness could switch plans
- 12:46 The silver lining of choosing to do nothing
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- Book your custom student loan plan
- Get profession-specific financial planning
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!
Dennis Hornsby, licensed insurance agent, joins me to discuss the critical role of disability insurance in protecting your income and lifestyle. He shares his expertise on the advantages of purchasing coverage early to secure lower rates and the ethics of choosing the right broker. If you're a high-income professional or have student debt, you won't want to miss this.
In today’s episode:
05:19 Employer-provided group policy vs. one you purchase yourself 12:46 Residency and fellowship disability insurance discounts 19:24 An honest agent will sacrifice commissions to help you save on policy costs 24:36 Every year you wait to buy a policy, your rates can go up $10 to $20 per month
Link mentioned:
- SLP Insurance disability policy quote
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I had an inspiring conversation with Dr. Mike Walker, a veterinary practice owner. Listen is as he shares his journey from graduating vet school in 2017 with significant student loan debt to owning Apollo Vet, a clinic worth between $4 to $5 million today.
In today’s episode:
- 04:46 Preparing financially before starting a business 16:51 Fear of the unknown, business opportunities and financial projections 30:43 The role of mentors in starting a business 40:24 You don't need to be an expert to launch a startup
Links mentioned:
Find Dr. Mike Walker on Instagram
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The Saving on a Valuable Education (SAVE) plan faces legal heat. Two separate lawsuits, one in Missouri and another in Kansas, each attacking the plan from a different angle. Is the SAVE plan in danger of disappearing? I’ll explain what the lawsuits mean for student loan borrowers and why they’re a risk to the SAVE plan, so you know exactly what’s going on.
In today’s episode:
- 02:04 The Missouri and Kansas lawsuits could go all the way to the Supreme Court
- 07:17 Progressive groups advocate freezing the student loan system
- 17:54 My advice for borrowers caught in the middle
- 24:03 Tax-free forgiveness for borrowers in the private sector expires in 2026
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- Check out our refinancing bonuses we negotiated
- Book your custom student loan plan
- Get profession-specific financial planning
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!
Public Service Loan Forgiveness (PSLF) has been on pause since May while servicing transitions away from MOHELA, causing waves. Student Loan Advisors Sim Terwilliger and Sam Silberstein dissect what these shifts mean for borrowers. Learn the new processes for submitting and tracking PSLF forms through StudentAid.gov, the impacts of administrative forbearance, and the long-term outlook for PSLF.
In today’s episode:
- 06:23 How the pause in submissions during May and June affect processing
- 08:43 When forbearance counts for PSLF forgiveness, and when it doesn’t
- 14:50 Avoid complications by submitting employment certification annually
- 20:15 Borrowers can audit student loan payment counts
Links mentioned:
- PSLF Help Tool
- StudentAid.gov
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The student loan world continues to change. Looming deadlines are approaching and there is an injunction to the Saving on A Valuable Education (SAVE) plan.
Listen in as student loan experts Kathleen Boyd, CFP®, CSLP® and Lauryn Williams, CFP®, CSLP®, AFC® answer your burning questions. Including factors and considerations for the SAVE plan injunction, Pay As You Earn plan, Income Contingent Repayment plan and IDR waiver.
- SAVE injunction news
- SAVE risk tolerance
- Pay As You Earn final call
- FAQs: When will forgiveness happen?
- Why is there an injunction?
- Should I stay on my student loan repayment plan?
- Income Contingent Repayment final call
- ICR and Parent PLUS Borrowers considerations
- IDR waiver consolidation considerations
- When will there be more student loan updates?
- Student loan deadlines to be aware of
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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!
A looming June 30, 2024, deadline means big changes for student loan borrowers. Student loan experts Lauryn Williams and Connor Pierce explain why this is the last call for the IDR waiver, Pay As You Earn (PAYE) plan and Income Contingent Repayment (ICR) plan. Learn what’s at stake with these benefits phasing out and how to avoid costly mistakes.
In today’s episode:
03:58 Last chance for Pay As You Earn (PAYE) and why it’s crucial for professions with escalating incomes
13:30 Income Contingent Repayment (ICR) is going away for borrowers who don’t have Parent PLUS loans
20:24 IDR waiver benefits before they expire and why you might need to consolidate your loans before June 30, 2024
30:19 Undergrad borrowers on Saving on a Valuable Education (SAVE) could see their payments drop July 1, 2024
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- Book your custom student loan plan
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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 loan interest rates are on the rise as we head into the 2024-2025 academic year. What does this mean for you? David Aizuss, CSLP®, explores the effect on students, graduates, and parents. Discover how student loan interest rates work and why higher interest rates could change your approach to repayment and forgiveness.
In today’s episode:
01:46 New higher interest rates for undergrad, grad school, and Parent PLUS borrowers
08:24 You shouldn’t be afraid of student loan interest
16:33 Interest rates don’t really matter if you’re pursuing Public Service Loan Forgiveness (PSLF)
26:36 Parent PLUS borrowers face significant challenges with the loophole closing
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I’m exploring investment strategies tailored for student loan borrowers, tackling tax challenges, investment allocation, and how specific identification of shares can make all the difference. Plus, I share the link between income-driven repayment (IDR) plans and your investment returns.
In today’s episode:
- 04:25 50% VTSAX and 50% VTIAX for simple investing
- 10:20 Accumulate losses to offset future capital gains
- 13:39 Rising interest rates can mean increased itemizing
- 24:59 Diversified investment strategies for optimal tax efficiency
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Feeling helpless when it comes to your student loans?
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- Book your custom student loan plan
- Get profession-specific financial planning
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!
One of the most beneficial income-driven repayment (IDR) plans will be discontinued on July 1, 2024. Why haven’t you heard about Pay As You Earn (PAYE) going away? Because it’s not mentioned on StudentAid.gov (as of the date of this podcast), and borrowers have told us they’re getting mixed messages from their servicers.
PAYE’s discontinuation was buried in the Federal Register, a massive legal document, and it’s a huge change for some borrowers. Angie Pack, CSLP®, and Ben Lacomis, CSLP®, unpack what this change means for you.
In today’s episode:
05:35 Deciding if PAYE is right for you 16:11 When the new Saving on a Valuable Education (SAVE) plan wins 22:12 PAYE tips for dentists and physicians 44:41 Enrollment deadline is uncertain for PAYE 49:39 How your income shapes the best repayment plan
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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
- Get profession-specific financial planning
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!
Listen in as I answer questions from our mailbag, discuss the peculiar happenings at Nelnet, and provide updates on where we stand with student loans in May. We’ll start with listener questions about the $12,000 10-year forgiveness option, Parent PLUS loans, and income-driven repayment (IDR) recertification dates. You’ll also hear about summer updates like sweeping forgiveness programs, lawsuits trying to block student loan forgiveness, and how the upcoming presidential election could change your student loan payment.
In today’s episode:
00:54 Can borrowers get two kinds of forgiveness with one Direct Loan consolidation? 03:28 Will the Parent PLUS double consolidation loophole kick borrowers off the SAVE plan? 06:25 Does early IDR recertification change your recertification date? 08:45 What to do if your Parent PLUS payment is more than you can afford 12:54 Nelnet stopped consolidations, causing concern and delays 15:60 The Department of Education should either fund or fire MOHELA 17:45 Student loan policy depends on political control 18:53 The FAFSA fiasco and speculation on resignations 22:17 Summer updates: forgiveness, lawsuits, and student loan policy
Like the show? There are several ways you can help!
- Follow on Apple Podcasts, Spotify or Amazon Music
- Leave an honest review on Apple Podcasts
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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
- Get profession-specific financial planning
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!
Are you staring at a mountain of student debt, unsure where to begin? Whether you’ve just tossed your graduation cap in the air or are in the early stages of your career, the key to regaining control lies in choosing a repayment plan that aligns with your financial goals and lifestyle.
Meredith Jones, CSLP®, AFC®, and Connor Pierce DPT, COMT, CMPT, CSLC®, guide you through the benefits of employer-sponsored loan repayment programs, the advantages and pitfalls of various income-driven repayment plans, and how to use these options to maintain financial flexibility.
They also discuss the nuances of integrating student loan management into your broader financial planning, ensuring that your debt doesn’t derail your career ambitions. Tune in to take charge of your student loans, potentially saving a significant amount of money and stress post-graduation.
In today’s episode, you'll find out:
- How your debt-to-income ratio can determine the best repayment strategy for your student loans
- About the tax implications of employer-provided student loan benefits and how they affect their actual value
- Why employer student loan benefits may require careful evaluation if you're aiming for loan forgiveness
- Why you don’t have to let student loans define your career path
- How contributions to pre-tax retirement accounts lower adjusted gross income and reduce student loan payments
- Differences between loan forgiveness timelines of PSLF, New IBR and the SAVE plan
- Why having a high debt-to-income ratio might make loan forgiveness more beneficial
- Risks and considerations when refinancing or using a cosigner for student loans
- How specific repayment plans can unlock interest subsidies and possibly achieve $0 payments
- How strategic loan consolidation could lead to debt freedom six months earlier
- Tips to navigate your graduation transition, including mandatory exit counseling
Like the show? There are several ways you can help!
- Follow on Apple Podcasts, Spotify or Amazon Music
- Leave an honest review on Apple Podcasts
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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
- Get profession-specific financial planning
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!
Curious about student loan planning? This episode is packed with real-life scenarios, insider knowledge, and practical advice for your student loan journey. Get insight into ambiguous regulations, servicer misinformation and the impact it has on borrowers from Lauryn Williams, CFP®, CSLP®, AFC®, and Justin Kim-Hummel, former client and integral member of the Student Loan Planner team who brings a wealth of experience from his background in PR, graduate studies, and time working on Capitol Hill. Together, they tackle challenges, answer frequently asked questions, and reveal the dedication and care that goes into every consultation. Learn why this is more than just advice. It's about connecting with experts who genuinely care about your financial well-being and student loan success.
In today’s episode, you'll find out:
- Justin's journey from client to becoming a crucial part of the Student Loan Planner team
- Firsthand insight into why many borrowers are dealing with misinformation and lack of clear guidance from loan services
- The dangers of following bad advice from student loan servicers
- Key benefits of booking a consultation for personalized advice and savings
- How uncertainty surrounding the election can impact student loan policies
- How to best use the free resources offered by the Student Loan Planner team
- How the Student Loan Planner team uses office hours to manage client questions and concerns
- What kind of post-consultation support you get when implementing your custom plan
- What information you'll need to share with a consultant to get the best advice
- How a consult can address the unique financial situations of high earners who may not qualify for forgiveness
- How expenses like credit card debt and housing costs factor into student loan repayment options
- The limitations of giving advice by email and how the customer support team manages expectations
- Why you don't have to turn on your camera during a virtual meeting with a consultant
- How long it takes to get a personalized student loan plan
Like the show? There are several ways you can help!
- Follow on Apple Podcasts, Spotify or Amazon Music
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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
- Get profession-specific financial planning
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!
Travis shares the best stress reduction strategies out there for current and aspiring business owners.
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Get ready to uncover the myths, master the rewards, and smartly amplify your spending power — all while keeping your finances sharp and your debt strategy on point. Whether you're looking to squeeze every last benefit out of your credit card points, contemplating the right card for your business expenses, or simply looking to use your cards more strategically, this episode is a goldmine. Listen in as Meagan McGuire, ChFC®, CSLP®, and Mary Rush, CFP®, CSLP®, talk tricks, tips, and savvy spending with every swipe. Discover how to make every dollar and every point work harder for you.
In today’s episode, you'll find out:
- How to leverage credit cards and credit card rewards to your advantage
- About the benefits Meagan and Mary have personally enjoyed from credit card rewards programs
- Why the common belief that carrying a balance improves your credit score is wrong
- How maintaining a low credit utilization rate can benefit your financial health
- When and how to utilize 0% balance transfer cards to manage debt effectively strategies for using credit cards as budgeting tools, including how to use statement balances
- The perks of cashback vs. niche-specific credit cards and which is best for you
- Why credit cards provide better fraud and travel protection than debit cards
- Mary's strategy for maximizing rewards with travel and cashback credit cards
- Meagan's experience with using a credit card for business and the rewards she missed from not using a personal card
- Details on point conversions of airline miles, cashback and reward points
- Tips to utilize credit cards for significant expenses like weddings, home improvements or even paying taxes
Like the show? There are several ways you can help!
- Follow on Apple Podcasts, Spotify or Amazon Music
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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
- Get profession-specific financial planning
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!
A timely discussion of what happens as we face down the expiration of the IDR waiver. Will the administration extend it at the last second? We don't know (as of the time of the recording). But one thing is sure: Borrowers can expect seismic shifts as the IDR waiver ends. It's been key to unlocking the forgiveness gates for many, but its flexible counting of nearly any kind of payment toward forgiveness expires at the end of April. We'll recap the IDR waiver and its benefits and explore what happens after the IDR waiver ends. Get clarity about your next steps and the implications of these changes on your student loan repayment journey.
In today’s episode, you'll find out:
- How the end of the IDR waiver impacts borrowers who've been in forbearance or deferment
- Changes borrowers should prepare for after the IDR waiver expires
- How borrowers with older loans will suffer the biggest consequences as this program ends
- Options for maximizing qualifying payment count when consolidating loans
- Consequences borrowers will face when Pay As You Earn (PAYE) applications close
- What the precedent of moving borrowers from REPAYE to the SAVE plan means for the future of IDR programs
- How to calculate the cost-benefit of married filing separately for taxes
- Tips to navigate the PSLF pause during the transition from MOHELA to the Department of Education
- What “consolidation Death Valley" is and why it could impact you in May-June 2024
- Best practices for dealing with the coming uncertainty of student loans
Links mentioned: StudentAid.gov
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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
- Get profession-specific financial planning
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!
Roth IRAs are a highly recommended retirement savings option but it’s not all smooth sailing. Student loan repayment, income limitations, and tax filing status can lead you to treacherous waters. Learn the missteps to avoid and how to correct mistakes before they escalate into hefty fines and taxes. Join student loan advisors Meagan McGuire, ChFC®, CSLP®, Sim Terwilliger, CFP®, CSLP®, and Sam Silberstein, CFP®, CSLP®, and explore contribution deadlines, the pro-rata rule, form 8606, the impact of being in a community property state, and how dual-income households should strategize their student loans and retirement savings. If you’re tired of cookie-cutter advice, you don’t want to miss this episode.
In today’s episode, you'll find out:
- Why lack of profession-specific planning is the biggest mistake you can make in your financial journey
- The impact of the pro-rata rule when converting traditional IRA funds to Roth IRAs
- When to contribute to your Roth IRA to maximize your retirement savings
- Why high-earners might want to contribute to a Roth IRA despite income limits
- How to fix backdoor Roth IRA issues, including tactics for zeroing out accounts
- The importance of prioritizing pre-tax savings when you’ve got student loans
- How community property states complicate Roth IRAs and what to do about it
- Dodging extra taxes and penalties is possible if you contributed to a Roth by mistake
- How side hustlers and independent contractors can leverage Solo 401(k) plans
- Why income projections are critical to nail the right contributions and keep the IRS happy
Like the show? There are several ways you can help!
- Follow on Apple Podcasts, Spotify or Amazon Music
- Leave an honest review on Apple Podcasts
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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
- Get profession-specific financial planning
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!
It's the last call for the IDR waiver (aka IDR account adjustment). If you’ve listened to this podcast, you probably know what it is — but if you're not sure how the IDR waiver could benefit you, or if you have questions about PSLF, loan consolidation, or income recertification, this episode is for you.
I’ll take you back to the beginning of the IDR waiver and walk you through it to make sure you get the most benefit before it expires on April 30th. You’ll also hear answers to listener questions about loan forgiveness and repayment plans and get valuable insights into the upcoming changes in consolidation rules.
In today’s episode, you'll find out:
- The final (final) deadline for the IDR waiver and the need for timely action
- The hidden strategy behind introducing the PSLF waiver before the IDR waiver
- Potential benefits of consolidating student loans and crucial considerations to keep in mind
- How the IDR waiver is a game-changer for borrowers with complex loan histories or multiple loans
- New options if you’re thinking about loan consolidation
- A key tip for submitting employer certification forms for PSLF credit
- Why brining up the awkward topic of student loans with your friends could benefit you and your peers
- Common misconceptions about PSLF and employer certification, including a major myth busted
- How to find the recertification date for IDR and how to recertify income for income-driven repayment plans
- Strategies for handling recertification and loan consolidation to align with changes in income
- The role of HR and the cautious approach taken when attesting to employment details for PSLF
- How to turn in a new IDR application after loan consolidation
Links mentioned:
- The American Rescue Plan
- The Department of Education
- Federal Student Aid
Like the show? There are several ways you can help!
- Follow on Apple Podcasts, Spotify or Amazon Music
- Leave an honest review on Apple Podcasts
- Subscribe to the newsletter
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
- Get profession-specific financial planning
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 Public Service Loan Forgiveness (PSLF) program is undergoing major changes. The government is taking over processing from MOHELA, and a temporary pause is expected in May and June. How will this affect you? First, don’t panic — PSLF isn’t shutting down. The government is simply pausing processing while they transition everything over.
But you’ll want to take a few proactive steps to safeguard your payment count before the transition happens. Listen in as I dissect the real reasons behind these changes. Could it be a strategic move in the future student loan management?
Find out how it can impact your forgiveness:
- Why the Department of Education is hitting the pause button on PSLF
- When to expect service disruption for your student loan management
- How the transition from MOHELA to the government impact PSLF processing
- The motivation behind the government’s decision to take PSLF from MOHELA
- How the temporary shutdown will affect you, especially if you’re expecting forgiveness in May or June
- Implications of the Department of Education’s plan to centralize PSLF tracking
- What you need to do now to safeguard your payment count
Like the show? There are several ways you can help!
- Follow on Apple Podcasts, Spotify or Amazon Music
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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
- Get profession-specific financial planning
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!
It sounds shocking, but it’s a reality we can’t ignore — and this isn’t just about folks burdened with 6-figure student loan debts. Now, even if you have a smaller loan balance, you have a path to student loan forgiveness. It’s the new SAVE repayment plan that’s making it possible. Listen in as we explore key factors shifting borrowers away from repayment toward forgiveness, from the increase in discretionary income allowances to the potential for accelerated forgiveness. You’ll discover the key moves you should consider and why freeing yourself from student loan debt could happen sooner than you think.
In today’s episode, you'll find out:
- Unexpected ways the new SAVE plan is transforming student loan repayment advice for borrowers
- The impact of ultra-low interest rates in the early 2000s on student loan repayment
- Why chasing student loan forgiveness is outpacing traditional repayment methods
- How “micro” levels of debt could qualify for quick student loan relief
- The surprising link between debt management and mental health
- How understanding your future stream of earnings can revolutionize your loan strategy
- Behind-the-scenes political maneuvers shaping the future of your student loans
- How to navigate the joint vs. separate tax filing dilemma for couples with student loans
- Creative tactics for investing in self-care while navigating loan uncertainty
- How to leave a voicemail for the podcast to ask questions about student loans and personal finance
Like the show? There are several ways you can help!
- Follow on Apple Podcasts, Spotify or Amazon Music
- Leave an honest review on Apple Podcasts
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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
- Get profession-specific financial planning
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!
To put it bluntly, MOHELA has student loan borrowers jumping through hoops to get things done, and it’s been extremely frustrating. Countless delays and mistakes being made, hours of being on hold or even being hung up on by servicers… the list goes on! In this episode, hosts Sim Terwilliger, CFP®, CSLP®, Sam Silberstein, CFP®, CSLP®, and Ben Lacomis, CSLP® join forces to shine some light on everything MOHELA is doing wrong. You’ll get tips and tricks to protect yourself from their mistakes. You’re not alone in this, folks! Let’s talk about what you can do to get the forgiveness you deserve and avoid falling for MOHELA’s mischief.
In today’s episode, you'll find out:
- Common issues that student loan borrowers are experiencing with MOHELA
- Red flags to look out for if you use MOHELA
- How to prevent your PSLF from being reversed
- Tips for ensuring you get the student loan forgiveness you qualify for
- When and why you need to recertify your employment and income verification forms
- Our shockingly disappointing experiences communicating with MOHELA
- Insight to getting the most out of your phone call with MOHELA
- When you should file a complaint with the Student Borrower Protection Center
- MOHELA delays you should be aware of
- How long does it take for student loans to be forgiven
- How to approach filing your taxes amidst student loan forgiveness issues
Links mentioned:
- Student Loan Borrower Protection Center
Like the show? There are several ways you can help!
- Follow on Apple Podcasts, Spotify or Amazon Music
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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
- Get profession-specific financial planning
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!
We’re standing at the edge of a major financial cliff that no one is ready for. Student loan forgiveness is happening at unprecedented rates — $138 billion and counting. Right now, borrowers are enjoying tax-free forgiven student loan debt courtesy of the American Rescue Plan. However, these benefits are set to expire at the end of 2025, leaving borrowers to face a tax cliff with unknown consequences.
We’ll explore the legal skirmishes already bubbling, like the Kansas Attorney General’s case against the SAVE plan, and analyzing their impact and preparing for the potential scenarios ahead. I’ll also highlight the vital deadlines you need to know, like the expiring IDR waiver and the barrier to new entrants for the Pay As You Earn plan that’s coming up in July 2024.
In today’s episode, you'll find out:
- How the SAVE plan, IDR waiver and PSLF waiver are helping borrowers
- The possibility of court challenges to President Biden’s student loan policies
- What’s at stake with the coming student loan tax bomb due post-2025
- Potential cancelation scenarios based on political outcomes as election season heats up
- Deadlines you can’t miss and their impact on student loan repayment strategies
- How the American Rescue Plan is enabling large-scale loan forgiveness
- What President Biden’s plan is to address the tax bomb cliff in 2025
- About hardship-based forgiveness and the push for widespread cancelation
Like the show? There are several ways you can help!
- Follow on Apple Podcasts, Spotify or Amazon Music
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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
- Get profession-specific financial planning
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 those of you stepping into new roles, congratulations! This milestone comes with a lot of things to think about, from managing lifestyle inflation to understanding the impact of major purchases on your future. We’ll uncover valuable insights on income-based student loan payments, refinancing options, and how to approach big decisions like whether to rent or buy a house. I’ll help you unpack the price-to-rent ratio so you can make a well-informed decision based on financial and personal factors. We'll also discuss contract negotiations, gender disparities, non-compete agreements, and the importance of getting the most out of your benefits package.
In today’s episode, you'll find out:
- How to use contracts for better severance or negotiation during job changes
- Why you shouldn’t accept being bullied during training or residency
- Key factors in job matching for medical professionals
- Benefits of income-based student loan payments and the pitfalls of early recertification
- Essential insights for loan refinancing and selecting the best payment plans
- Tips for making smart housing choices, like rent vs. buy, during life changes
- Negotiating techniques beyond salary to yield better benefits and work-life balance
- The impact of gender and non-compete agreements in specialized professions
- How to manage lifestyle inflation and understand consumption smoothing
- The role of marginal utility in making financially savvy decisions
- The emotional biases in finance advice from experts like Suze Orman and Dave Ramsey
- How to celebrate a job success or career change without sinking your finances
Like the show? There are several ways you can help!
- Follow on Apple Podcasts, Spotify or Amazon Music
- Leave an honest review on Apple Podcasts
- Subscribe to the newsletter
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
- Get profession-specific financial planning
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 Amazon Music
- Leave an honest review on Apple Podcasts
- Subscribe to the newsletter
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
- Get profession-specific financial planning
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!
Deadlines for updating your income and family size information for your IDR plan have been extended to late September 2024, at the earliest.
Are you curious about business ownership? Whether you're just flirting with the idea of starting your venture or already knee-deep in entrepreneurship, this show is packed with actionable advice to help guide your journey. We'll explore why setting boundaries is not just a buzzword but a fundamental practice for any successful business owner. You’ll also discover specific strategies to carve out a profitable niche, edge out competition, and utilize barriers to your advantage. But the key takeaway here is that student loan debt shouldn’t be a barrier to your dreams. So grab your notepad, and let's jump into the world of business ownership with a clear head and a strategic mindset.
In today’s episode, you'll find out:
- How boundaries are a crucial part of business success
- Why focusing on profitability is crucial before scaling up
- Ways to validate your business model without offering discounts
- Why barriers, competition, and market availability are key to your business choice
- How regulatory barriers can offer both challenges and benefits
- The importance of identifying specific customer pain points and solving them
- Strategies to address low reimbursement rates or high service costs
- The financial impact and workload considerations when dealing with insurance companies
- Why holding free clinics might be a better strategy than accepting low-paying insurance
- The best ways to balance family life, retirement, and work fulfillment
Like the show? There are several ways you can help!
- Follow on Apple Podcasts, Spotify or Amazon Music
- Leave an honest review on Apple Podcasts
- Subscribe to the newsletter
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
- Get profession-specific financial planning
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!
Tax season got you scratching your head? Let’s clear the fog. Join me and Rebecca Bauldauf, CPA, CCFC, from the SLP Wealth tax team, as we navigate the maze of taxes, student loan planning, family dynamics, and long-term financial strategies. Whether you're flying solo or juggling the finances of a growing family, you’ll discover actionable tips that could lead to substantial savings, from the ins and outs of tax service fees to strategies for retirement savings and dealing with the IRS. And if you're in search of a long-term financial ally, learn how to find the right tax help that aligns with your goals. Get ready to reshape your financial approach and transform your tax strategy!
In today’s episode, you'll find out:
- The hidden impact of commoditized tax prep services
- When higher CPA fees become worthwhile for complex tax situations
- Advantages of hiring different firms for their practice and personal tax returns
- Two crucial financial moves for low-income earners
- How marriage changes your tax game, tax filing status and student loan payments
- Smart retirement savings strategies that factor in PSLF and employer matches
- Key steps for residents to maximize their tax bracket and student loan situation
- The secret weapon of the 1040-X form in tax filings
- How to navigate 'married filing separately' in community property states
- If you should link your student loan account to the IRS or manually certify income
- How tactical contributions to retirement accounts can make a huge difference in your student loan repayment journey
- Why coordinating tax and financial planning teams improves your financial position
- Pros and cons of filing taxes separately for childless couples with student loans
- The importance of long-term tax planning regardless of income level
Like the show? There are several ways you can help!
- Follow on Apple Podcasts, Spotify or Amazon Music
- Leave an honest review on Apple Podcasts
- Subscribe to the newsletter
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
- Get profession-specific financial planning
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!
Financial advice has never been more accessible — or more questionable. Are you ready to tackle the truth behind those viral finance hacks you’ve seen online? The barrage of personal finance advice on platforms like TikTok is a siren song, promising financial security and a life free from money worries. But those tips can affect more than just your wallet. Some might get you a slap on the wrist, while others could land you in legal hot water. Join me as I sift through the noise of self-proclaimed “experts” peddling easy wealth, from misleading tax credit pitches and hazy tax advice to exaggerated real estate loopholes and sketchy investment opportunities. Discover how to distinguish between genuine advice and deceptive, flashy pitches to build a solid financial foundation that can withstand the trends and temptations of our times.
In today’s episode, you'll find out:
- How pandemic relief is stretching the IRS too thin, leading to tax fraud and scams
- The exact requirements and documentation for the short-term rental tax loophole
- Why you can’t focus solely on “maximizing wealth”
- The ins and outs of student loan loopholes and how to avoid pitfalls
- How visual effects can skew your perception of financial advice found on social media
- Why “vanilla” insurance products win out over complex insurance-investment hybrids
- How actuaries calculate insurance product profitability and why it favors the company
- Why the allure of low interest rates and novelty causes alternative investments to surge
- Why decisions based on student loan forgiveness programs can be risky
- The real estate loophole to use if one spouse works full time and the other takes on real estate investing
- The truth behind the marketing of whole life and universal life insurance
- Why tax-efficient index funds may be a better investment alternative
- How the concept of “infinite banking” could be misleading
- When borrowing against insurance products might not be the best option
- Why the smartest financial move is to verify before you buy
Like the show? There are several ways you can help!
- Follow on Apple Podcasts, Spotify or Amazon Music
- Leave an honest review on Apple Podcasts
- Subscribe to the newsletter
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
- Get profession-specific financial planning
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!
Are you ready to strip away the layers of your financial life? We’re unbuttoning the secrets of debt management and financial planning. We cover everything from the impact of inflated car prices on credit and the potential risks and benefits of home equity lines of credit (HELOCs) to debt management strategies and the potential tax implications of forgiven debt. Senior Student Loan Advisors Sim Terwilliger, CFP®, CSLP®, and Meagan McGuire, ChFC®, CSLP®, share expert insights on debt consolidation, budgeting for recurring expenses, and the significance of prioritizing mental health while working towards financial goals. Get ready to shed some light on your financial wardrobe with valuable tips to help you become debt-free and financially empowered.
In today’s episode, you'll find out:
- The difference between the funnel method and the strainer approach for financial goals
- How the pandemic’s inflated car prices are impacting car loans and credit
- What high loan-to-value ratios mean for your credit score
- The role of credit reports for landlords, jobs, and future debt costs
- How car payments can make or break your house hunting journey
- A warning to parents about using HELOCs to pay for children’s college costs
- When to use HELOC vs. double consolidation for student loan debt
- What changes borrowers can expect in student loan forgiveness programs
- Why math-based strategies like debt avalanche or debt snowball aren’t a slam-dunk
- The sneaky language in cosigner agreements and why refinancing is a smart solution
- What types of debt to prioritize before paying off private student loans
- How to get out of default on federal student loans
- The secret to leveraging debt to earn money rather than paying it off
- Options when dealing with IRS debt and how to balance payment options
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
- Subscribe to the newsletter
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 world of real estate can feel overwhelming. The rewards can be incredible, but it’s a journey filled with highs and lows. Joining me is Student Loan Advisor Rebecca Baldauf, CPA, CCFC, and Senior Student Loan Advisor and partner in SLP Wealth Dan Rooker, CFP®, CSLP®. They’re sharing their experiences with multifamily properties, I open up about my challenges with home renovations, and together we’re getting real about real estate investment and why you shouldn’t let student loans get in your way. You’ll learn about savvy tax planning, investment strategies that can make a big difference, and what it takes to get Real Estate Professional Status. Whether you're already dipping your toes in the real estate waters or just real estate-curious, this episode is a fountain of insights, personal stories, and expert advice.
In today’s episode, you'll find out:
- Key tax-saving strategies and depreciation tricks in real estate
- How to calculate property depreciation from the purchase price
- Why real estate taxes are different from other investments
- The impact of real estate investment on financial health and lifestyle
- How real estate influences income-driven repayment plans
- Why refinancing real estate in changing market conditions can be a smart move
- What Real Estate Professional Status is and how to get it
- When to use 1031 exchange to defer capital gains tax in real estate
- The good and the bad of investing in owner-occupied properties
- How passive real estate investments like REITs factor into taxes
- Why tax planning is crucial when renting out personal residences
- What bonus depreciation is and how it can help you build wealth
Links mentioned:
- BiggerPockets
- Coach Carson
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
- Subscribe to the newsletter
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!
Just in time for tax season, I’m unraveling the complex tax strategy of married filing separately. You might have heard that it’s a game-changer, especially for folks with student loans. But it’s not at all straightforward. You’ll learn the dos and don’ts, and I’ll uncover tips to help you avoid costly mistakes and even find some savings along the way. We’ll talk about everything from how your and your spouse’s income can play a huge role to unexpected losses like tax credits and deductions. Also, if you're juggling things like adoption expenses, dependent care credits, or figuring out the best way to handle your retirement contributions, I've got you covered. Student loan borrowers on an IDR plan, don’t miss the best tip: find out how delaying your tax filing just might be in your best interest.
In today’s episode, you'll find out:
- Why married filing separately might lead to higher taxes, especially with uneven incomes
- How filing separately affects ACA subsidies and Medicare premiums
- The effect on tax credits and deductions, including those for dependent care and education
- Challenges with Roth IRA contributions when filing separately, including backdoor strategies
- Why filing separately is different in common law versus community property states
- How filing separately can interfere with small business deductions and credits
- Why delaying tax filing can save you money on income-driven student loan repayments
- Tax consequences for borrowers in loan forgiveness programs when filing separately
- The cost and benefits of professional tax services combined with financial planning
- How inaccurate income reporting can leave you vulnerable to audits and penalties
Links mentioned:
Get profession-specific tax help with SLP Wealth
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
- Subscribe to the newsletter
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!
Get a sneak peek into what lies ahead in the world of student loans in 2024 as I discuss upcoming changes, potential scenarios and strategies you need to know. You’ll learn about administrative forbearance, income-driven recertification, the influence of the 2024 presidential election, and policy changes that could significantly impact you as a student loan borrower. There are many ways to save money right now on payments. So, if you want to stay ahead of the game, buckle up and get ready for an episode packed with valuable student loan insights.
In today’s episode, you'll find out:
- About the widespread impact of the current administrative forbearance on over 3.5 million people
- How the administrative forbearance is causing a political stir between Democrats and Republicans
- The challenges arising from policies announced through press releases instead of legislation
- How the 2024 presidential election might reshape student loan policies
- Whether the administrative forbearance is likely to conclude in early 2024
- The implications of income-driven recertification before March 2024
- How to get a refund for payments made during the forbearance period
- Strategies for lowering payments by self-certifying income until October 2024
- What the expiration of the IDR waiver means for borrowers
- How the new SAVE plan will alter payment plan rules
- The ripple effect of these changes on employers and personal finance strategies
- The potential for new cancellation rules and their impact on borrowers
- Consequences for borrowers with loans from 2007 to 2014 due to phased-out payment plans
- Proactive strategies for saving money as a student loan borrower
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
- Subscribe to the newsletter
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!
Want to build up your savings or cut costs in 2024? From filing taxes and saving on insurance to buying a car and saving for travel, I’m bringing you 10 ways you can save at least $1,000 this year. And some of these can potentially save you $10,000 or more. The best part? These are strategies you can learn and do on your own. Of course, you can enlist the help of a financial expert if you want more support on your journey.
Just know that you have the ability to stash away a good chunk of money this year… and who knows, maybe you’ll finally be able to take that vacation you’ve been dying to go on! Plus, you’ll learn how to get a limited-time discount on our investing course, Six-Figure Debt to Six-Figure Net Worth.
In today’s episode, you'll find out:
- How to lower your tax bill with tax-loss harvesting
- How car buying services (like Costco or Sam’s Club) can save you money on a new car
- The best way to save on flights, hotels, car rentals, and other travel necessities
- When to put off income recertification for income-driven repayment plans
- Why the stock market’s 26% gain in 2023 could be bad news
- If you should increase your policy deductibles
- Why “shopping around” for insurance policies is more than a marketing gimmick
- The effect of the difference in tax rates for saving vs. investing
- Why you should open a retirement account if you’re self-employed
- When to opt for a brokerage account instead
- How to file taxes the smart way
- Why you’re uniquely positioned to weather a potential stock market downturn
Links mentioned:
- More ways to save money and cut costs with our Six-Figure Debt to Six-Figure Net Worth course
- Membership clubs like Costco and Sam’s Club
- Travel discounts at Hotwire and Hotels.com
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
- Subscribe to the newsletter
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!
We recently conducted a survey where thousands of our listeners generously shared their financial dreams for 2024. Listen in as I explore the top 10 financial goals straight from our audience. We’ll tackle debt management challenges, explore various paths to financial independence, early retirement, and personal fulfillment. You’ll get practical, actionable tips to fast-track your financial success. Whether your dream aligns with those shared by our audience or you’re pursuing your own unique goal, I’ll guide you on how to make it a reality. Let's dive in and discover the knowledge, tools, and path to help you achieve your financial goals in 2024 and beyond.
In this episode, you'll find out:
- The top 10 financial goals of Student Loan Planner listeners and how to achieve them faster
- Misconceptions about helping family financially and the importance of providing knowledge and support
- A new financial perspective by re-evaluating the purpose of being debt free
- How redefining student loan debt as a 'tax' can shift your mindset and improve how you manage loans
- The impact of health ailments on individuals and families and the importance of planning for worst-case scenarios
- The benefits of strategically financing big-ticket items
- Different types of Financial Independence, Retire Early (FIRE) and how it impacts work-life balance
- Encouragement to pursue travel and overcome obstacles such as financial constraints and limited time
- How to better align financial decisions and strategies with your goals
- Ways to adopt a conservative approach in planning for housing and other major expenses
- How leveraging multiple income streams can mitigate income loss fears and improve financial security
- Why your approach to worst-case scenario planning can enhance financial decision-making
- Strategies for transitioning to an entrepreneurial role while managing risks and fears
- How to achieve generational wealth to gain freedom and transform your life
- The importance of accountability in making your financial dreams a reality
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
- Subscribe to the newsletter
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!
As 2023 comes to an end, it’s the perfect time to think about smart student loan moves you should make in 2024. First, I answer listener questions about administrative forbearance, consolidating loans, tactics for keeping student loan payments low, in-school deferment waivers and more. I’m not just helping you prepare for the upcoming shifts in student loan repayment plans, I’m also looping you in on tax advantages, smart deferment methods and common payment pitfalls that might have slipped under your radar. Get ready to step into the New Year with valuable insights and a solid game plan for your student loans.
In today’s episode, you'll find out:
- Does administrative forbearance count for PSLF and IDR
- Can you get a refund for payments made while in administrative forbearance
- How to keep your student loan payment low (and how NOT to)
- How the 2024 presidential election results might impact student loan repayment
- When it makes sense to consolidate your loans after the IDR waiver
- What child-dependent tax credits you lose when you’re married but filing separately
- What professions could use an in-school deferment waiver or SAVE plan strategy
- Why you need to beware of the FSA payment tracker and forgiveness dates
- The importance of gathering your payment history and payment count
- The signup deadline for PAYE plans
- How to get ahead on Parent PLUS double consolidation applications
- What to do when administrative forbearances end
Links mentioned:
- Need help with taxes? Get answers with our tax team
- Have questions about being married and filing taxes separately? Book a call now!
- Check out our doctor mortgage calculator
Listen in to a panel of student loan experts recorded live at FinCon 2023. FinCon is the world’s largest financial content expo. You’ll hear first-hand strategies and tips from lawyers and financial planners specializing in student loans. Together, they answer audience questions and discuss student loan topics like loan repayment and risk mitigation strategies, consolidation vs. refinancing, what happens when you default on your loans and the future of student loan forgiveness in 2024. This is a fun, yet informative bonus episode with insights from the best student loan experts to help you on your path to repayment.
In today’s episode, you'll find out:
- A student loan lawyer’s perspective of the current/future state of student loan forgiveness
- If there will be a replacement student loan forgiveness plan in 2024 and who could benefit
- Whether the IDR waiver will be fully implemented before the 2024 election
- How PSLF relates to IDR account adjustments
- The difference between student loan consolidation vs. refinancing
- How the SAVE plan is different from other income-driven repayment plans (and why it’s so beneficial for borrowers)
- If you can still access the SAVE plan or get loan forgiveness after refinancing loans into private student loans
- How to mitigate tax risks related to student loan forgiveness
- How student loan borrowers get into default and the top 3 ways to resolve a defaulted student loan
- How to negotiate a settlement after you default on your student loans
- Things you need to know when filing for bankruptcy with unpaid student loans
Links mentioned:
- Get out of default: Fresh Start from the from the U.S. Department of Education
- Find local student loan attorneys in your state: National Association of Consumer Advocates (NACA)
Connect with the panelists:
- Adam S. Minksy, Student Loan Lawyer at Minsky Law
- Meghan McGuire, Certified Student Loan Planner at SLP
- Jay Fleischman, Managing Attorney at Money Wise Law
- Tate Law (Law Office of Stanley Tate)
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
- Subscribe to the newsletter
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!
Get ready for part two of our 40 tips to supercharge your student loan repayment journey. Hosts Ben Lacomis, CSLP®, Derenda King, CFP®, CSLP®, Scotty McDonald, CSLP®, and Meredith Jones, CSLP®, AFC®, share valuable insights on student loan forgiveness, income driven repayment plans, and other critical strategies for managing student debt. From exploring federal loan forgiveness options to budgeting tips and tricks, this episode is packed with practical tips to help you optimize your approach to student loan repayment.
In today’s episode, you'll find out:
- How income driven repayment (IDR) eases the burden for those with high balances or low income
- Expert tips to qualify for Public Service Loan Forgiveness (PSLF)
- When consolidating your student loans is a smart move or a financial misstep
- How a ladder approach in refinancing can unlock lower interest rates for your student loans
- Creative alternatives to manage student loan debt when forgiveness programs don't fit
- Budgeting hacks and lifestyle shifts that can turbocharge your loan repayment journey
- How to make sure you’re not missing out on teacher or military loan forgiveness
- When and how bankruptcy might be your escape route from student loan burdens
- The secret link between credit scores, timely payments, and better student loan terms
- Why pursuing loan forgiveness in rural healthcare careers can be a game-changing strategy
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
- Subscribe to the newsletter
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!
Whether navigating the post-graduation grace period, exploring new repayment options, or looking to supercharge your loan payoff, this episode is jam-packed with practical advice to help you take charge of your financial journey.
Hosts James Mwombela, CFP®, CSLP®, Rebecca Baldauf, Jake Courtney and Sam Silberstein deliver a wealth of insights for effectively managing student loans. No matter where you are in your career, you’ll walk away with actionable tips and the latest strategies to confidently tackle your student loan debt.
In today’s episode, you'll find out:
- The financial benefits of paying during the grace period to minimize interest accumulation
- How consolidating loans after graduation can be smart, especially if your past income was more 'ramen diet' than 'caviar dreams'
- The value of a student loan planner in creating personalized repayment strategies that align with your career ambitions and financial situation
- How returning to school could enhance career prospects and open doors to loan forgiveness
- Potential upcoming improvements in income-driven repayment plans
- Insights on managing student loans with strategic considerations for prioritizing private student loans
- The date Parent PLUS loans need to know for access to lower monthly payments
- How claiming student loan interest deductions affects your AGI
- Why avoiding forbearance is crucial when aiming for loan forgiveness
- The role of the debt avalanche method and current considerations for refinancing student loans
- How targeting high-interest student loans first can be a strategic move for repayment
- The ins and outs of the 12-month ramp-up period for borrowers struggling to make payments
- The benefits of an income-driven repayment plan as an alternative to default
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
- Subscribe to the newsletter
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
Time is running out for the IDR Account Adjustment. The so-called “IDR Waiver” is the biggest backdoor student loan forgiveness program in history, and it’s ending in less than 30 days. Learn exactly what the IDR Waiver is, the steps you need to take to take advantage of it, and how it could give you immediate forgiveness even if you didn’t know you were eligible for it. I’ll clarify some common misconceptions about the Waiver and shed some light on potential regrets for those who miss the deadline. Then, we’ll explore how student loan repayment will change after the IDR Waiver ends, what borrowers are getting wrong about the SAVE plan, and why getting expert guidance is even more critical in a post-IDR Waiver world.
In today’s episode, you'll find out:
The IDR waiver's historic significance in student loan forgiveness How to get credit for forbearance and repayment plans before the deadline slips away Eligibility criteria to maximize benefits of forgiveness How the IDR Waiver transforms older loans into forgiveness superheroes Forgiveness eligibility of the IDR Waiver vs. the PSLF Waiver When the forgiveness date tracker will be available from the Department of Education Potential discrepancies in forgiveness payment count accuracy from the Department of Education How long you’ll have to wait for a payment count adjustment after the IDR Waiver What to do if you’re on the SAVE and PAYE income-driven repayment plan Misconceptions about the SAVE plan’s interest payments The best strategies for post-IDR Waiver student loan repayment Common borrower challenges, including filing taxes separately, navigating PAYE repayment plans and consolidation issues for Parent PLUS loans
Links mentioned:
Payment Count Adjustments SAVE Repayment Plan Biden-Harris Administration IDR Announcement
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
- Subscribe to the newsletter
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!
College funding isn’t everyone’s favorite topic. However, the reality of higher education costs requires a proactive approach. If you’ve been diligently saving for years or are realizing the urgency to start now, valuable insight awaits you in this episode. Join our host, Meagan McGuire, CSLP®, as she sits down with Student Loan Advisors Derenda King, CFP®, CSLP®, and Rebecca Baldauf, CPA, CCFC. Together, they share proven strategies and insider tips to bridge the gap between savings and college expenses. Listen in to get the expert guidance you need to navigate the choppy waters of college funding.
In today’s episode, you'll find out:
- The rising education costs and its ripple effects on families and finances
- The ins and outs of student loan consolidation, plus little-known forgiveness strategies
- How a 529 savings plan offers flexible college funding without sacrificing other financial goals
- Tax benefits and implications of using retirement accounts to save for college expenses
- How the Student Aid Index factors into how much you’ll pay for college
- Whether it’s legal and ethical to adjust assets to influence the financial aid equation
- Potential pitfalls and considerations before taking out Parent PLUS loans
- How to make the most of the time you have left to save for college
Links mentioned:
- Collegiate Financial Coach
- Higher Ed Hustle
- 529 College Savings Plans
- What is the Student Aid Index (SAI)?
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
- Subscribe to the newsletter
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!
Navigating the maze of family finances isn’t for the faint of heart, especially when student loans are part of your story. Get ready to reshape your financial future with insights tailored specifically for parents. Our expert Student Loan Advisors Lauryn Williams, CFP®, CSLP®, and Sim Terwilliger, CFP®, CSLP®, bring their expertise directly to you, offering practical, actionable advice that goes beyond the basics. This episode is packed with essential knowledge of FMLA, disability benefits, and savvy tax strategies, all designed to elevate your money management skills as a parent.
In today’s episode, you'll find out:
- How to navigate the complexities of parental leave deferment for Stafford loans pre-July 1993
- Empowering tips for expectant and new moms about support and creating cherished moments
- The essentials of FMLA and short term disability for new parents
- Innovative strategies for using 529 plans and managing Parent PLUS loans for your child's education
- Tips for managing family size changes and parental leave
- The best place to stash your emergency fund
- How to optimize your parental leave by staggering benefits
- How to decode tax implications and access credits for new parents
- The connection between maternity leave, disability, and effective student loan
Links mentioned:
- Family Medical Leave Act
- Ally Bank high-yield savings
- Capital One high-yield savings
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
- Subscribe to the newsletter
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!
This is a groundbreaking episode where I’m unveiling something that will revolutionize your financial world. Joining me is Rebecca Baldauf, CPA, CCFC, and together, we’re rolling out our new tax planning service. Tailored to anyone who would love to streamline financial, student loan, and tax planning strategies, SLP Tax Planning brings together a seamless in-house team of experts marching forward together “in lockstep.”
You’ll discover a few tax strategies that have specific impacts on borrowers managing student loan repayment and tips for business owners to consider. We’ll also cover why we’re rolling out a tax component (hint: wealth planning and tax optimization go hand-in-hand) and how our suite of services is uniquely designed with you in mind. So, skip the headache of juggling the many moving parts of a cohesive financial plan and don’t miss the debut of this exciting new tax planning service.
In today’s episode, you'll find out:
- Why mastering student loan management is crucial for effective tax planning
- Creative ways to optimize charitable deductions for better tax outcomes
- Strategies for maximizing mortgage interest deductions in today's market
- How to smartly use capital losses to lower your adjusted gross income
- The benefits of renting your home to your business and how to do it right
- The importance of tracking carry-forward losses to maximize tax savings
- How business owners can use Section 179 for significant tax deductions
- About navigating the nuances of deducting business meals and entertainment
- Structuring your business for the best tax advantages
- Leveraging tax filing extensions to benefit your income-driven repayment plan
- How to decide the best filing status in light of your student loan situation
- The benefits of income splitting in community property states
- Key steps to engage with SLP’s tax planning service
- A special offer for podcast listeners to join SLP Wealth with a bonus
Links mentioned:
- Learn more about SLP Wealth’s tax planning service
- Become a client of SLP Wealth
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
- Subscribe to the newsletter
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!
Get ready for a tax revolution that could save you a fortune. Today, I'm diving into how smart tax planning, when combined with savvy student loan repayment strategies, can shield you from giving Uncle Sam more than his due. Discover why having a trusted advisor who understands the nuances of your profession, earnings, and debt is vital, the influence of the new SAVE plan on married couples' filing status, and the ramifications of the IRS and Department of Education's data sharing for your wallet. With complex rules and your financial future in the balance, we're blending tax advice with wealth management to bolster your loan repayment plans — and for a short period, we're dropping the sign-up fee.
In today’s episode, you'll find out:
- How our survey on the SAVE plan and data sharing reveals crucial tax insights many don't know
- Why the new SAVE plan is swaying more couples to file taxes separately
- Must-know tax planning tips for student loan holders to sidestep future financial pitfalls
- Whether filing a tax extension could be a smart income move
- Best practices for claiming dependents in complex tax situations
- Tax structuring secrets for married borrowers in community property states
- What the latest IRS rules and your debt situation mean for loan forgiveness options
- The urgent call for coordinated tax planning in light of automated IRS-Education Department data sharing
- The often-overlooked long-term expense of DIY tax software like TurboTax
- The financial logic behind our bundled financial and tax planning services launching now
- A sneak peek at next-level tax strategies we'll explore in upcoming episodes
Links mentioned:
- Find out more about SLP Wealth
- Book an onboarding call with SLP Wealth
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
- Subscribe to the newsletter
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 world of student loans is not just about debt. It's an intricate dance of financial decisions, potential pitfalls, and unexpected opportunities. But financial decisions for a student loan borrower are anything but simple.
A lot is lurking in the shadows, and today, I’m joined by Dan Rooker, CFP®, CSLP®, to shine a light on it. We’re sharing why we’re doing financial planning and how we redesigned what clients should pay to save you time, money, and stress in your financial lives. As an added perk, today’s listeners get an exclusive offer on a reduced fee.
In today’s episode, you'll find out:
- Why a financial plan is essential for student loan borrowers and how it can lead to significant savings
- Key investment techniques involving taxes and tax loss harvesting
- The shortcomings of automated financial advisors
- Why financial advice must take a big picture approach of your situation and goals
- Why we made it our mission to make services accessible for all income levels
- Exciting new service offerings we plan to roll out soon
- How our fees compare with other financial advisers in the industry
- The breadth of professional groups we cater to and our areas of expertise
- Real-world examples of potential financial missteps
Link mentioned:
SLP Wealth
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
- Subscribe to the newsletter
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 weight of student loans can be a significant challenge. Many borrowers have felt powerless, fearing that their student debt would control their life decisions for ten or twenty years or more. However, it doesn’t have to dictate your financial journey. Senior Student Loan Advisor Lauryn Williams, CFP®, CSLP®, is joined by Student Loan Advisors Jake Courtney, CFP®, CSLP®, and Marcel Miu, CFA, CFP®, to help you find a balance between student loans and enjoying life.
In today’s episode, you'll find out:
- How PSLF’s reputation steered borrowers away from forgiveness options
- Why borrowers with high student loan balances gave up on repayment
- How the new SAVE plan could redefine your approach to loan repayment
- Unexpected pitfalls of refinancing federal student loans during the pandemic
- The unique student loan struggles millennials are grappling with today
- What the Fresh Start program is and how it can be a game-changer for borrowers
- Why current conditions may deter borrowers from refinancing student loans
- Ways to squeeze joy out of life despite student loan debt and financial challenges
Link mentioned:
- A Fresh Start for federal student loan borrowers
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
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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!
New repayment plans are opening the door to new loopholes for borrowers, including a new subsidy strategy. I’m sitting down with Senior Student Loan Advisor Meagan McGuire, CSLP®, to share an exciting new tactic with the SAVE plan that can help you subsidize all of your grad school loans.
Learn about weighted average of balances and its impact on loan repayment options, including Public Service Loan Forgiveness. You’ll also hear eye-opening insights into the Department of Education’s calculation errors that have affected hundreds of thousands of borrowers.
In today’s episode, you'll find out:
- The new subsidy strategy that’s a loophole for grad school borrowers
- Why taxpayers file separately to lower student loan payments
- How to recoup lost tax credits by amending past tax returns
- Whether potential caps on Parent PLUS loans are fair
- The impact of calculation errors and issues with administrative forbearance
- How weighted average works and how it affects loan repayment
- About the mental toll and anxiety of borrowing student loans
- Predictions for the future of student loan policies and forgiveness programs
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
- Subscribe to the newsletter
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!
In this action-packed episode, financial experts and student loan consultants Jared Costigan, CFP®, Logan Murray, CFP®, CSLP®, EA, and Lauryn Williams, CFP®, CSLP®, explore the profound impact of student loans on everyday life. You’ll hear stories of consultations where clients discovered surprising opportunities for loan forgiveness, leading to emotional reactions and newfound hope; the macroeconomic implications of the impending restart of student loan payments and how it presents a valuable planning opportunity for borrowers; and how retirement planning and aggressive repayment strategies fit into your student loan repayment strategy.
In today’s episode, you'll find out:
- How retirement planning intersects student loans
- Financial opportunities for borrowers as student loan payments resume
- How income-driven repayment can make your monthly payments more manageable
- The benefits of integrating student loans into your overall financial roadmap
- Why you shouldn’t wait to ask for help with student loan payments
- How student loan planning is different from traditional finance and why it’s often overlooked
- What drives our experts in a sneak peek behind the scenes with the SLP team
- The story of a client who unlocked a staggering $150,000 in loan forgiveness during a consultation
- Financial planning opportunities for borrowers who haven’t included student loan payments in their budget
- The importance of income-driven payment plans and payment reduction
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
- Subscribe to the newsletter
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!
As student loan payments restart after a three-and-a-half-year break, borrowers are facing challenges. Most of the traps revolve around applying for SAVE, linking your IRS data to the Department of Education, and reaching out to your student loan servicer. When navigating these pitfalls, it’s crucial to consider your unique situation instead of blindly following the Department of Education's one-size-fits-all solution. Listen in to learn common mistakes to avoid and what to do when your servicer messes up.
In today’s episode, you'll find out:
- How to avoid payment traps and servicer mistakes as payments start
- When to set up autopay, and when to turn it off
- What to consider before applying for the SAVE plan
- Why you shouldn’t link your IRS data with the Department of Ed
- Problems with income recertification
- When alternative documentation for income is best for borrowers
- Downsides of calling your servicer with student loan questions
- How to be strategic to find solutions for servicer issues
- What to do when your servicer messes up
- Actions to take to resolve servicer mistakes
- How to get support to navigate servicer issues
Links mentioned:
StudentAid.gov SAVE Repayment Plan Student loan servicers
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
- Subscribe to the newsletter
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!
I’m covering your most pressing questions as we prepare for student loan payments to resume. The forbearance period is ending, and there’s a lot of uncertainty and confusion about how to navigate the repayment landscape. I’ll discuss the recent developments with the PSLF waiver and IDR waiver, shedding some light on how these changes might affect your chances of loan forgiveness. Learn your next steps, whether you’re considering refinancing, changing repayment plans, or just want to understand the new regulations.
In today’s episode, you'll find out:
- The pros and cons of refinancing your student loans, including when it's worth it to switch to a private lender
- The complexities involved in qualifying for PSLF and the IDR waiver
- How the IDR waiver can significantly impact your loan forgiveness eligibility
- When to consider forbearance as a short-term strategy
- Why you might want to wait until 2024 to make any changes to your repayment plan
- Why you should be cautious when considering switching to the new SAVE plan
- How new borrowers as of July 2014 have different options compared to those with older loans
- The political changes that could impact future loan repayment options
- How to amend your tax returns to maximize your benefits under PSLF
- How we’re planning to help you with tax preparation
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
- Subscribe to the newsletter
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!
Meagan McGuire, CSLP®, hosts two incredible guests, Meredith Jones, DVM, CSLP®, AFC®, and Gabe Rooker, who will share their experiences and insights into the world of student loan planning. Meredith, known for running a debt-free veterinarian Facebook group, sheds light on the common finance-related questions and struggles shared within the group. And Gabe, with a background in engineering, shares his journey of working for Intel and tutoring high school students on his days off to becoming an authority in college planning and student loan guidance.
Gabe and Meredith are both part of our dedicated team of student loan advisors, and their expertise and passion for helping others will inspire and empower you in your student loan journey.
In today’s episode, you'll find out:
- The initial shock of realizing scholarships don’t cover as much as you’d think
- Why it’s crucial to discuss uncomfortable topics like student loans
- The trickle-down effect of student loan planning into other areas of personal finance
- Common finance-related questions and struggles shared by fellow veterinarians
- The new rule change that helps certain physicians qualify for PSLF
- The breakdown of the student loan planning process and its benefits
- Strategies for adapting to the constant changes and updates in student loan planning
- How to overcome the fear and confusion surrounding student loans
- Thoughts about leaving a stable job to pursue a passion for helping others with student loans
- How student loan consultants and doctors/veterinarians share similar client interaction and goal-oriented approaches
- The unique paths that led Gabe and Meredith to become part of the Student Loan Planner consultant team
- Why student loan planners aren’t afraid of uncomfortable conversations about student loans
Resources mentioned:
- Virtual Veterinary Financial Summit: https://vetfinancialsummit.com/summit
- Book a student loan consult with Meredith
- Book a student loan consult with Gabe
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
- Subscribe to the newsletter
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 SAVE plan has become a hot topic for many borrowers, and we’re getting a lot of questions. I will answer the top questions we see, including what it is and when you need to sign up for it. I’ll cover important deadlines and major red flags you need to know about student loans. You’ll learn how the SAVE plan can impact your loans, why it might not be the best option for every borrower, and what to do if you’re unsure about your repayment strategy.
In today’s episode, you'll find out:
- The pros and cons of the SAVE plan and why it isn’t the right fit for everyone
- When to choose PAYE over SAVE for a more cost-effective repayment option
- Final dates for taking advantage of the IDR account adjustment
- Deadlines for signing up for PAYE and ICR repayment plans
- If the SAVE plan is better than the new REPAYE plan people have been talking about
- Why our student loan advice for 2023 is still valid in light of the new SAVE plan
- When and how to apply for the SAVE plan
- What Parent PLUS borrowers need to know about consolidations and access to the SAVE plan
- The real reason why higher education is so expensive
- Upcoming consultation openings in October
- More information on SLP Wealth and tax services
Links mentioned:
- SAVE Repayment Plan
- Pay As You Earn (PAYE) Plan
- Income-Driven Repayment (IDR) Plan Request
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
- Subscribe to the newsletter
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!
Arm yourself with “quick hits” — essential tips to guide you through the labyrinth of recent student loan updates. As student loan payments restart, Lauryn Williams, CFP®, CSLP®, and Meagan McGuire, CSLP®, share how to maximize opportunities on your student loan repayment journey. Discover the revamped consolidation application designed for better efficiency and ease. Learn the benefits of removing the spousal sign-off requirements and the improved IRS data retrieval tool. Get the lowdown on the double consolidation process for Parent PLUS loans and why you shouldn’t wait to take action. Listen in to stay ahead of the game when managing your student loans.
In today’s episode, you'll find out:
- How changes to the consolidation application can influence your decision to consolidate
- How your spouse’s information can affect student loan consolidation, regardless of separate finances
- How to get real-time payment estimates with the IRS data retrieval tool
- The new option of uploading income certification documentation digitally versus traditional mailing
- Top pros and cons of the double consolidation legal loophole for Parent PLUS loan borrowers
- Why parents with student loans need to add the July 2025 deadline to their calendar
- Common problems borrowers face when consolidating or choosing an income-driven plan
- Why interest capitalization isn’t as bad as you think
- The importance of considering your entire financial picture when evaluating your student loan repayment strategy
Links mentioned: Direct Consolidation Loan Application Income-Driven Repayment (IDR) Plan Request The IRS Data Retrieval Tool (DRT)
If you’re looking for effective ways to manage your student loan debt now that the student loan pause is over, this episode is your ticket to the next steps. Listen in as I explore the nuances of different loan repayment options for various professions. You’ll discover how our powerful student loan calculator can pinpoint repayment amounts and how to use the information to optimize your repayment strategy — your payments could be as low as $0 with the new SAVE plan. I’ll also talk about the importance of keeping cash flow low and whether investing in the stock market outweighs using the extra money to pay down student loans. So, let's get started! In today’s episode, you'll find out: Ways your student loan payment and interest could be as low as $0 a month Subsidized payment options for resident physicians and other borrowers Why keeping cash flow low is crucial, especially if you're not well-compensated The difference in interest rates between 10-year and 20-year loans and why it may not matter If you should invest in the stock market or use the extra money to pay down your student loans How to overcome income uncertainty in the first years of practice How short-term interest rates can impact your student loan repayment journey Why 5-year loans are typically cheaper than 20-year loans How to compare your current payment to the SAVE plan and determine the best course of action When to wait to recertify your income for income-driven repayment The risks in authorizing loan servicers to pull data from the IRS for income recertification 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 Subscribe to the newsletter 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
Meet our newest team member, Sam Silberstein, CFP®, CSLP®. A seasoned financial consultant and coach, Sam brings a wealth of knowledge and expertise to the table. Join our host, Lauryn Williams, CFP®, CSLP®, as she and Sam delve into her journey in the world of finance and her passion for student loan planning. Sam shares her experiences with self-taught learning, her decision to undergo additional training in student loan planning, and the invaluable lessons she’s learned from industry experts. Sam also opens up about her love for musicals, her beloved cat, and the struggles she’s faced managing her own finances.
In today’s episode, you'll find out:
- Sam’s background and passion for helping others manage their finances
- The importance of customizing financial strategies
- How Sam and SLP are filling gaps in financial planning
- How to understand and cope with the anxiety and trauma associated with student loan debt
- Why it’s Important to work with consultants that provide support
- How to address concerns about the cost and value of consultations
- Who may still be eligible for PSLF waivers and student loan forgiveness
- The diversity of SLP consultants and how to book a consultation
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/X, 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!
Combining PSLF waiver forgiveness and consolidation strategies have led to student loan debt discharges that caught many borrowers by surprise. But time is running out for the IDR waiver. I’ll explain why you need to act fast (especially if you have FFEL loans) so you’re not left behind. If you’ve heard about SAVE, the new Income Driven Repayment plan, you need to know that having a Direct Loan is the only way to take advantage of it. You’ll also hear about student loan changes, PSLF benefits, and more to help you take the next right step in your student loan repayment journey.
In this episode, you'll find out:
- Why keeping up with student loan changes and acting fast is crucial to avoid being left behind
- How the PSLF waiver and consolidation resulted in debt discharge for many borrowers
- Why you need a Direct Loan to take advantage of the new Income Driven Repayment plan
- Why you may need to make decisions and take action even if you don’t have all the information
- The steps to contact your student loan servicer to make sure your payments are made on time
- The potential impact of payment timing on forgiveness and subsidies
- How lobbying efforts led to new rules benefiting physicians and other PSLF-eligible borrowers
- What might happen if a court rules against the IDR account adjustment
Link mentioned:
- PSLF Help Tool
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!
Meet Scotty McDonald, CSLP®, the newest addition to the Student Loan Planner consulting team. Host Lauryn Williams, CFP®, CSLP®, walks Scotty through his journey of career transitions and finding his passion in personal finance. He shares his background, growing up in Atwater, California, and attending art school. Scotty explores his personal journey with student loan debt and the importance of focusing on the things within our control and using past decisions to inform future strategies. Finally, Lauryn and Scotty discuss their approach to spending money, emphasizing the importance of aligning expenses with what brings them joy and moves them closer to financial independence.
In today’s episode, you'll find out:
- How Scotty went from fancy art school to personal finance
- Scotty’s philosophy about how to handle regret and frustration from past decisions
- A common misconception about working for yourself and having flexible hours
- How growing up in California shaped Scotty’s minimalist lifestyle
- Scotty’s first interactions with Travis and Student Loan Planner in 2016
- What motivated Scotty to pursue a career in helping individuals with their finances
- The 3 factors Scotty considers before spending any money
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/X, 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!
Important deadlines are looming on the horizon, and there’s a lot to unpack. I’ll cover the essential information you need to know about consolidating loans, navigating forgiveness programs, and making crucial decisions before the upcoming deadlines. Learn the advantages and considerations of loan consolidation based on income and loan amounts, the impact on monthly payments, and how to determine if consolidation is beneficial using our SAVE calculator. I’ll also address the recent changes in the Public Service Loan Forgiveness (PSLF) program, the ongoing challenges faced by the Department of Education, and the potential political landscape that could affect loan forgiveness in the future. Listen in as I answer listener questions and offer strategies to maximize forgiveness opportunities.
In today’s episode, you'll find out:
- How to determine if you should consolidate based on income and loan amounts
- Why borrowers need to prioritize minimum monthly payment
- When consolidation might not be the best financial decision
- How to use our student loan calculator to see if you should consolidate
- Why the Department of Education might not fulfill all their promises
- Why you might want to hold off on refinancing federal student loans
- The importance of deciding whether couples should file taxes separately or jointly
- How to determine if switching from Pay As You Earn (PAYE) will save you money
- Why Parent PLUS borrowers may face exponentially higher payments if they miss deadlines
- Crucial student loan deadlines you don’t want to miss
- The best way to navigate support and get issues resolved with your loan servicer
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!
Getting financial help isn't easy, but avoiding it can have a ripple effect on your life. Lauryn Williams, CFP®, CSLP®, and Rob Bertman, CFA, CFP®, are diving deep into the long-term consequences of not getting the support you need. They explore the barriers to seeking financial help, emphasizing the stigma, shame, fear, and hopelessness that often surround financial issues.
Discover how to reframe the narrative to focus on the positive aspects of student loan debt in particular, such as education and career opportunities. Rob and Lauryn also tackle the cultural taboo surrounding discussions about finances and seeking the necessary help to truly revolutionize your financial life and live your best life ever.
In today’s episode, you'll find out:
- The full scope of the impact of everyday financial decisions
- How location, time constraints and lack of funds make financial advice hard to get
- How to reframe your shame and guilt of debt to focus on the positive aspects
- Advice on prioritizing tasks and picking something to move forward with
- Why people wait to reach out for help after a personal event or someone else’s financial hardship
- The importance of a spouse’s information when getting financial advice
- The best ways to balance personal and financial goals
- Why taking an inventory of cash flow, debt, taxes, investments, and other factors is crucial to financial health
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 new Income-Driven Repayment (IDR) guidelines are complex and controversial. Essentially it’s a Pandora's Box of regulations implemented by President Biden. Listen in as I break down the key facts and implications of these regulations, including plan blocking, revisions to existing plans, limitations on plan switching, encouragement to file taxes separately, and increased freedom for schools. In addition, I provide useful insights to help you navigate these regulations and practical advice to help you repay your student loans.
In today’s episode, you'll find out:
- How to navigate the new IDR regulations for student loan repayment
- Why I think we’ll see tuition increases before and after elections
- The fine print, loopholes and limitations of the new IDR regulations
- My tips for borrowers on how to choose the right repayment plan
- Why it's crucial for PSLF borrowers and those with outdated payment certifications to reassess their repayment plans
- The potential consequences of switching to a new plan, including higher monthly payments
- What Parent Plus borrowers should know about how the new regulations may impact loan repayment
- How to build your roadmap to financial relief by analyzing the impact of the new IDR regulations
- The temporary relief provided by the IDR waiver and its expiration date at the end of December
- How to assess the cost and benefits of the new IDR regulations for your situation
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!
Details about the new student loan repayment plan are finally here. It’s called SAVE, and it stands for Saving on a Valuable Education. I’m uncovering crucial details about the new plan and how it’s replacing the existing REPAYE plan. It’s the biggest change to student loans we’ve seen, and it has the potential to simplify student loan repayment and save borrowers thousands or even hundreds of thousands of dollars. I’ll dive deep into the details, discussing recent changes, strategic applications, and the impact on Public Service Loan Forgiveness.
In today’s episode, you'll find out:
- How to get a 12-month forbearance period after payments start with the Biden administration’s new rule
- The implications of this forbearance, including its effect on credit reporting and loan interest accrual
- How the “special onramp forbearance” can strategically benefit borrowers
- An example where a brain surgeon with a significant student loan balance can be eligible for forgiveness
- How the COVID forbearance allows credit toward a 20 or 25-year repayment plan and PSLF
- What are the impacts of the recent changes to consolidation rules, and how it affects undergrad borrowers
- How the new SAVE plan works and why it will make repayment less complicated
- What Republicans are proposing for income-driven repayment plans
- Insight into the potential cost projections of the Biden administration’s SAVE plan and possible legal challenges
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!
There’s a complex intersection of education, retirement, and the growing issue of student loan debt, particularly among older individuals.
Join me as I explore the “gray student loan crisis,” strategies to lower income for retirement, and how to get six years (or more) of student loan forbearance by simply asking for it. What about healthcare costs in retirement? I’m covering that, too, including insights into Medicaid and health insurance bureaucracy. Finally, I talk about the importance of mental health and why you should always prioritize your life over your loans.
In today’s episode, you'll find out:
- How education equips individuals with the tools to save for retirement and achieve their financial goals
- The emerging gray student loan crisis and how it poses a bigger problem for retirement planning
- The exponential growth of student loan debt among older individuals, with factors such as rising education costs and the inability to declare bankruptcy contributing to this trend
- Different strategies to lower income in retirement, including paying income-based repayments on student loans
- The potential impact of a no-questions-asked forbearance option on student loan repayment strategies and retirement savings
- Insights into the uncertainty surrounding the end of the student loan pause and its implications for borrowers
- Why you may want to avoid Medicaid even if you qualify for it
- The challenges of navigating the healthcare system, specifically related to
- Medicaid eligibility, healthcare choices, and managing health insurance costs
- Strategies for utilizing forbearance responsibly to maximize income-based repayments, save money, and build a strong retirement fund
- The potential benefits of consolidating student loans to extend forbearance eligibility and effectively manage debt
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 latest update on the status of Student Loan Cancellation based on the announcements made June 30, 2023.
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Like the show? There are several ways you can help!
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- Leave an honest review on Apple Podcasts
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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!
You’re more likely to experience a disability than death, yet student loan borrowers and their families often overlook disability insurance. Two of our student loan planner consultants are exploring the crucial topic of disability and death planning. Join Dan Rooker, CFP®, CSLP®, and Lauryn Williams, CFP®, CSLP®, to learn the qualifications for Total and Permanent Disability (TPD) discharge and why estate planning is necessary even if you don’t have dependents.
The discussion covers estate planning documents and considerations for digital assets and guardianship for children. Additionally, you’ll gain insight into private student loans and how they differ from federal ones in terms of death or disability discharge. Tune in for valuable tips about the legal documents, benefits, and planning strategies that can help protect you and your loved ones in unforeseen circumstances.
In today’s episode, you'll find out:
- How disability insurance protects your income and why it's crucial for financial security
- Situations where you'd need disability insurance and examples that highlight its importance
- What documents you need to obtain Total and Permanent Disability discharge for federal loans and navigate the process successfully
- Key considerations to keep in mind before refinancing private loans
- What happens to private student loans after the borrower dies, including implications for both the borrower's estate and co-signers
- Why financial planning is more than just budgeting and student loan repayment
- The reasons why you need an estate plan, even if you don't have dependents, and how it can protect your assets and ensure your wishes are honored
- How rental property owners can effectively plan for emergencies and mitigate potential risks
- Common legal terms and important documents used in estate planning that you need to know
- What elements should be included in comprehensive estate planning, such as addressing digital assets, establishing guardianship, and more
- The importance of funding trusts and debunking misconceptions in the context of estate planning
- Why it's crucial to name beneficiaries on accounts and how it affects the distribution of assets
- The biggest mistakes to avoid when it comes to estate planning and how to navigate the process smoothly
- Why you should start early and not wait to begin estate planning
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
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
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!
“Advice anxiety” has two distinct elements. There’s the anxiety that goes along with giving advice as a professional and the fear associated with receiving advice from other professionals. This topic holds great significance for me, and I’m going to be honest and vulnerable in sharing my personal struggles. My sincere intention is for my experiences to resonate with you, acknowledging and validating your own journey. I’ll offer valuable insights on seeking nonjudgmental advice, emphasizing the importance of embracing diverse perspectives, and why it’s crucial to be gentle with yourself when things don’t go as planned while also celebrating moments of success and growth.
In today’s episode, you'll find out:
- A quick note about student loan payments restarting on October 1
- The anxiety of giving (and getting) professional advice
- The one thing to look for before getting advice from someone
- How to manage the stress that comes from giving advice to people
- My personal experiences with the burden of providing advice professionally
- Why I thought I pointed student loan borrowers in the wrong direction
- The importance of long-term thinking when facing short-term setbacks
- Why business owners in various industries struggled with hiring decisions
- How to handle crisis situations seriously and the importance of seeking help
- Why asking for advice and being open to feedback is crucial, even when it requires going against the grain
- My personal approach to managing difficult situations as a professional
- Why it’s never too late to get the right advice
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
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
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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!
Join our very own seasoned experts, Meagan McGuire, CSLP®, and Lauryn Williams, CFP®, CSLP®, for an in-depth discussion of student loans. They explore the pitfalls of private student loans, the advantages of refinancing, and the importance of thorough research to avoid scams. You’ll be inspired by success stories from our clients, including one borrower who saved $80,000 of student loan debt and turned it into a down payment on a home. You’ll get the latest updates as Meagan and Lauryn discuss the new repayment plan that's on the brink of approval, how it could impact borrowers, and why rushing to consolidate loans before a refund could be a mistake. If you’re dealing with student loan debt, you don’t want to miss this episode!
In today’s episode, you'll find out:
- About the risks and potential high-interest rates with private student loans for undergraduates
- The process and benefits of refinancing private student loans after graduation
- The importance of researching to find reputable refinancing companies
- How retirement planning and HSAs can help manage student loan debt
- An inspiring story of a client who saved $80,000 on student loan debt
- How consolidating loans can provide a lot of flexibility and potentially be a game-changer in managing student loan debt
- When and why to consider refinancing private student loans
- When to start the consolidation process and why you should wait if expecting a refund
- The challenges of securing refunds from student loan servicers
- Potential drawbacks and "loopholes" of the new repayment plan proposal
- How advice around refinancing may change due to the new repayment plan
- How Public Service Loan Forgiveness (PSLF) could potentially alter your loan repayment scenario
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 student loan pause is coming to an end. It’s been more than three years since borrowers had to make payments, but the debt ceiling bill included a provision that President Biden couldn’t extend the pause past August. I’ll discuss the politics behind this decision and how it may affect voters in key states. Additionally, I’ll explore the potential benefits of the upcoming Income-Driven Repayment (IDR) plan and provide insight into navigating student loan repayment and evaluating refinancing options once interest resumes.
In today’s episode, you'll find out:
- When the student loan pause is ending
- The provision in the debt ceiling bill that prevents President Biden from extending the student loan pause past August
- When the Department of Education will instruct student loan servicers to resume repayments
- The importance of the activist group on student loan debt within the Democratic Party
- Why Biden needs young progressive voters to turn out in the next election
- What Biden got in exchange for giving up the end of the pause on student loan payments that Republicans missed out on
- What borrowers can do to prepare for the end of the student loan pause
- Whether or not you should refinance your loans when the interest resumes
- Details about the new Income-Driven Repayment (IDR) plan, including low payments and 20-year forgiveness for borrowers with modest balances
- When to expect the release of final regulations for the new repayment plan
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 topic of life insurance has so many nuances that even people who already own policies find it confusing. Lauryn Williams, CFP®, CSLP®, and Rob Bertman, CFA, CFP®, discuss the complexities of life insurance and how it can be misused to exploit people. You’ll hear anecdotes of people who have invested in whole life insurance policies with high fees and low returns, sometimes being sold on the idea of building wealth by unscrupulous salespeople. The dynamic duo also shares how reputable financial advisors and investment options are more accessible and affordable than ever before. Finally, you’ll learn the importance of life insurance as a necessary product for catastrophic loss and ongoing support to safeguard your dependents.
In today’s episode, you'll find out:
- The myths surrounding whole life insurance
- The problem with commissions in whole life insurance investments
- Why people with lower income levels are often taken advantage of through financial schemes
- Why knowing if you’re being sold something will help you build wealth or prevent you from building wealth is crucial
- How lack of knowledge about insurance policies can be harmful
- Rob’s analysis of whole life policies and permanent insurance policies
- The fallacy in the way whole life insurance is sold
- Better ways to invest money than whole life insurance, especially in your 20s when you're in your prime wealth-building years
- Why you need a “full financial picture advisor” instead of an insurance salesperson
- The continued need for life insurance, especially when you're young
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!
This episode is packed with essential information to help you stay on top of your student loan game. Meagan McGuire, CSLP®, and Lauryn Williams, CFP®, CSLP®, are here to discuss everything from navigating forbearance and disputing inaccuracies in your payment history to the double consolidation loophole and updates on the PSLF tracker. You'll hear tips on maximizing loan forgiveness and which channels to use to contact MOHELA and Nelnet. Plus, you’ll get updates on the Student Aid portal and a client’s experience disputing administrative forbearance.
In today’s episode, you'll find out:
- What is the period for recertification and how often does it occur
- How common it is to be put into forbearance during the recertification process
- Can borrowers dispute administrative forbearance
- The best way to dispute forbearance with your loan servicer
- How payment history before consolidation counts toward your forgiveness timeline
- How the account adjustment of the IDR Waiver can help you find extra payment credits
- The best way to contact MOHELA to ask about payment history and forgiveness
- How to use the reconsideration request form to get faster processing
- How to dispute inaccuracies in your payment history
- When the PSLF tracker will be available
Links mentioned:
StudentAid.gov Reconsideration request form PSLF Help Tool
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 U.S. has a massive student loan debt problem, with $144 billion eligible for forgiveness. The new numbers show that $42 billion have already been forgiven, but Republicans are seeking to block further student loan forgiveness and a new repayment plan due to the raging debt ceiling battle — ultimately putting borrowers at risk. I also discuss the potential impact of Biden’s record-low approval rating, how he can secure support from younger voters on issues like student loan forgiveness, and the role of the Supreme Court case in reaching a compromise on the debt ceiling.
In today’s episode, you'll find out:
- The impact of the debt ceiling on student loan borrowers
- New numbers related to PSLF and income-driven repayment
- How Biden's record low approval rating and opposition within the Democratic party affect his strategy
- The increase in forgiven debt due to forbearance and deferment, and its potential to benefit public servants
- The benefits of the IDR waiver for borrowers
- How consolidating loans unnecessarily can cost you more in the long run
- The role of progressive activists and controversial social media memes in shaping the student loan debate
- The Republican Party's lack of understanding of progressive student loan policies
- Why the potential delay in the debt ceiling impacts student loan borrowers as Biden awaits the Supreme Court's decision
- The resilience of forgiveness programs against lawsuits from opponents
- Why you need to understand different deferment types to ensure eligibility for waivers before consolidating debt
- Why getting help or scheduling a follow-up consultation is crucial for borrowers with significant student loan debt
- The outcome of the Supreme Court decision and its implications
Links mentioned: Send Student Loan Planner a voicemail
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!
With millions of individuals burdened by student loan debt for two decades or more, the Income-Driven Repayment (IDR) waiver has the potential to offer much-needed relief. However, it may also morph into a significant political issue as a substantial number of older voters struggle with loan repayments. In this discussion, I examine the questionable financial choices made by colleges, such as allocating large budgets for non-essential expenses, and delve into the increasingly lavish nature of higher education costs, such as the growing focus on luxury amenities rather than educational quality. I also explore the amount of long-term student loan debt and the profound impact it has on the lives of many Americans.
In today’s episode, you'll find out:
- How the IDR waiver can potentially reform bankruptcy regulations for student loan debt
- The probability of a student loan tax bomb impacting borrowers in 2030
- Factors contributing to rising college costs
- The shift towards upscale amenities and programs in higher education to attract students
- The government's role in student loan debt and its evolution as a political issue
- The societal impact of the Grad PLUS program
- Predominant methods Americans use to finance higher education
- The average age of student loan borrowers
- The amount of student loan debt held by borrowers and why they hold it for so long
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!
Are you struggling with student loan repayments and how it fits into your financial goals? Lauryn Williams, CFP®, CSLP®, and Meagan McGuire, CSLP®, have joined forces to share valuable insights on how to avoid common student loan repayment mistakes in long-term financial planning.
They discuss how many people are unknowingly on the wrong repayment plan, and why income-based repayment might not actually be the best option for you. They also share practical tips for finding savings beyond student loans, strategies for investing, and their take on the $30,000 and $3 mindset.
In today’s episode, you'll find out:
- What is the $3 mentality and how it impacts long-term financial goals
- The importance of choosing the right repayment plan for your circumstances
- What is the best way to select a repayment plan for student loans
- How married couples can save money on student loans and taxes
- Tips on paying down credit card debt efficiently
- When it makes sense to seek financial consultation
- Why many borrowers shouldn’t have ignored student loans during COVID
- Why the double consolidation loophole shouldn’t exist
- What is the $30,000 mindset for finances
- Financial implications of renting vs. buying a home
- What are some basic investment strategies
Resource mentioned
- PSLF Help Tool
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!
After what feels like an eternity of waiting, the IDR waiver FAQ has finally arrived. The Department of Education finally released answers to the questions plaguing borrowers’ minds since the program was first announced. It’s way more complex than the now-expired PSLF waiver, so there’s a lot to cover. I’ll take you through all the important details, including what counts towards time in repayment, the benefits and potential drawbacks of consolidation, and how the IDR waiver can impact your eligibility for forgiveness.
In today’s episode, you'll find out:
- The difference between the IDR and PSLF waiver, and which one is more complex
- Why the Department of Education is prone to making mistakes
- Why consolidating loans can be risky
- Whether President Biden would veto any legislation aimed at blocking the IDR waiver
- How the IDR waiver impacts borrowers based on time in repayment, deferment, forbearance, and repayment plans
- The potential cost of the IDR waiver to the Biden administration
- Why you should be cautious with consolidating loans if you have PSLF repayment
- The impact of Senator Warren's letter on loan forgiveness for millions of borrowers
- President Biden's stance on the IDR waiver and the potential FFEL legal concerns
- How consolidating loans can help PSLF borrowers get even more credit
- How ongoing developments may affect consultant availability for the IDR waiver FAQ
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!
Meagan McGuire, CSLP®, and Lauryn Williams, CFP®, are here to help you navigate the latest changes and updates to student loans. They start with an inspiring story of a father who shouldered his children's education debts with a Parent Plus loan, only to discover that recent changes now allow forgiveness.
Plus, they reveal how the COVID forbearance measure has made Public Service Loan Forgiveness (PSLF) even more advantageous, with a three-year credit towards loan forgiveness. The two share expert tips on repayment plan combinations, navigating community property state laws, and leveraging the latest PSLF Help Tool developments.
You’ll also see how Parent Plus loan borrowers can pursue loan forgiveness, even if you thought it was impossible.
In today’s episode, you'll find out:
- There is no clear language on the technical implementation of the IDR waiver yet
- A case study on whether to consolidate an undergrad loan to get closer to PSLF forgiveness
- How the standard ten-year plan compares to PSLF for Parent Plus loans
- How the new IDR waiver allows credit for unconsolidated Parent Plus loans towards PSLF
- A big update on how to submit an employment certification form for payment count
- How spouses can maximize income-driven forgiveness by filing taxes separately
- The importance of using different repayment plans in different situations
- A case study strategy to lower payments using the double debt loophole
- The impact of state community property laws on student loan repayment
- How the new REPAYE plan could change repayment strategies for couples
- Which loans are (and are not) eligible for refunds
Resource mentioned:
PSLF Help Tool
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 Supreme Court's decision on the student loan cancellation case will have a profound impact on the Biden administration and on the implementation of the new REPAYE plan. I’m exploring that and giving updates on recent developments, such as a federal judge dismissing a case alleging racial motive for student debt cancellation and the introduction of a congressional resolution to stop cancellation and waiver programs. Additionally, I explore issues with the Department of Education's implementation and communication, the increasing resemblance of student loans to income tax, and the importance of considering federal loans when financing education.
In today’s episode, you'll find out:
- Potential outcomes of the Supreme Court ruling on student loan cancellation
- How a lack of final rules and staff may delay the new REPAYE plan
- How case alleging discriminatory motivations for student debt cancellation was dismissed
- A warning to Biden administration about legal strategies to justify debt cancellation
- How to get disability insurance and discounts from Student Loan Planner
- Updates to congressional resolution to stop cancellation and waiver programs for student debt
- The possibility of debt reinstatement through joint resolution
- Political implications of student loan forgiveness and the IDR waiver
- How the Department of Education's policies and communication are flawed
- Details and potential challenges of the upcoming end to the student loan pause
- Importance of considering federal loans when financing education
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!
In this episode, I’m diving into some PSLF regulations that specifically affect physicians in California and Texas. Many of them work for for-profit companies that serve nonprofit hospitals, and the new rules coming out in July 2023 could have a big impact on PSLF eligibility. Next up is another listener's situation regarding consolidating Parent Plus Loans with graduate school debt. We'll also be covering some Parent Plus strategies that can be beneficial for parents.
I’ll also be jumping into the exciting world of Congress and their possible plan to repeal the student loan pause and cancellation. Don't worry, I'll break down what this means for borrowers and what happens when President Biden blocks it. Plus, we'll explore the Congressional Review Act and some juicy details of the ongoing student loan lawsuits.
In today’s episode, you'll find out:
- The new PSLF regulations that come out in July 2023 that could change student loan repayment strategies for physicians in California and Texas
- When you should consolidate Parent Plus Loans with graduate loans and when to keep them separate
- Who the Parent Plus Loan strategy works the best for
- How Congress might end the student loan pause and student loan cancellation
- Why some senators might vote against the cancellation and IDR programs
- The chances that President Biden could veto the bill to end the programs
- An update on the Supreme Court's ruling on the student loan cancellation plan
- When I think they’ll really end the student loan payment pause
- Why student loan borrowers can still benefit, despite the uncertainty
Links mentioned:
- Consolidate your federal student loans
Join me in this episode as we delve into the PSLF waiver report card. While I'm thrilled to see a growing number of individuals in our community receive forgiveness through the PSLF waiver, the low 20% success rate highlights the confusion borrowers face in determining where to apply and which loans to consolidate.
I'll then draw a comparison between the PSLF waiver and the student loan forgiveness initiative, which boasted a much higher 60% take-up rate and a simplified application process.
Finally, we'll assess the successes and disappointments of the Biden administration's student loan relief initiatives to date.
In today’s episode, you'll find out:
- The confusion among borrowers that led to the low success rate of the PSLF waiver
- Why student loan debt cancellation faced legal challenges, but the PSLF waiver did not
- How the PSLF waiver widened the racial wealth gap
- The difference between PSLF and IDR waiver
- The biggest determining factor on the success of the IDR adjustment
- Why the student loan cancelation plan is entirely political
- The importance of the 12/36 rule
- What it takes to get transformational savings on your student loans
- How modifying an existing income-based repayment plan can be dangerous
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!
Hold onto your hats folks, because we're diving headfirst into the Silicon Valley Bank failure. I will explain why the government intervened when they did and what they did to combat the rising panic in the banking industry. I’ll also explore the potential implications of this failure on interest rates for mortgages and student loans, and why it’s important for you to stay informed. Additionally, I will share my analysis of the government's potential strategy on student loan forgiveness, and the reasons behind the denial of some Parent PLUS consolidation applications. So sit back, relax, and join me as we dive in.
In today’s episode, you'll find out:
- What is the Silicon Valley Bank (SVB) and why is it important
- Why SVB failed
- What a “bank run” is and why it’s bad
- What can cause a bank to fail
- What the government can do to help a failing bank
- Why the government stepped in when it did during the SVB failing
- How SVB failing can affect you as a consumer
- How the failure of SVB can lead to changes in interest rates and affect loans and mortgages
- Why the federal government may put a longer pause on student loan repayments
- Why Parent PLUS consolidation applications may be getting denied more often
- What the Parent PLUS consolidation loophole is
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!
On Friday, March 3rd 2023, private student loan company SoFi filed a lawsuit against the U.S. Department of Education, hoping to overturn the most recent payment pause extension.
SoFi, a private student loan company known for its partnership with the LA Rams stadium, has seen a drastic 90% drop in revenue due to the COVID pause, and they’ve decided to take action against it now. What does this mean for you? Check out this episode as I discuss this controversial topic and what you can do now to prepare for the upcoming weeks.
In today’s episode, you'll find out:
- A disclosure statement about SoFi and MOHELA
- Why SoFi is suing now over the Heroes Act
- SoFi’s recent quarterly results
- A possible reason for the actions of the Heroes Act legal team
- How this lawsuit will affect you
- Will this affect the new student loan repayment plan
- SoFi’s motivation and one way the Biden administration could respond
- Why we need the IDR Waiver FAQ now
- How to prepare for the next six weeks
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 are a huge source of anxiety for many borrowers. Wondering how you’ll pay them off can feel like a weight that you have to carry around, which has led to lots of folks making unsound or unnecessary financial decisions. It’s what I call the “siren songs of student loans.” When you think back to Greek mythology, there were sirens that lured sailors to their death with their beautiful songs. Student loans can also have “siren songs” that can lure us into making big mistakes that impact our future wealth growth. In this week’s episode, I’m talking about how you can avoid the seven most common siren songs of the student loan world and why student loans shouldn't stop you from living your best life.
In today’s episode, you'll find out:
- Why focusing on the interest rate above all else is a mistake
- How to avoid only seeking out PSLF-eligible jobs
- You don’t need to fixate on student loan repayment assistance
- How to take on additional debt for school – the right way
- Why NOT to pay for school with cash
- The “false idol” of debt-free hustle culture
- Why you should consider leaving a job you hate, even if you still have 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!
Listen in as Meagan McGuire, CSLP®, and Dan Rooker, CFP®, CSLP®, share the results of the Supreme Court case on cancellation… just kidding. While we'd love to dive into how the case plays out, we recorded this episode prior to the verdict. But don't worry, we've got plenty of other valuable insights to share.
We’re taking a closer look at the new Revised Pay As You Earn plan, commonly referred to as the "new REPAYE," and assessing whether it's a good fit for you. Plus, over the past few years, student loan freezes have influenced how people file taxes. How does the situation you’re in now impact how you should file for 2022? Things will continue to change with the results of the most recent Supreme Court case coming out, but there are still plenty of ways to plan how you’re going to file for this year.
Then, we’ll discuss some of the nuances that are affecting student loan borrowers right now, loan consolidation, and as always, we'll be sharing some intriguing stories from our email inbox.
In today’s episode, you'll find out:
- The results of the Supreme Court case on cancellation…jk jk
- If new REPAYE is a good plan for you
- 1098-E tax form nuances with consolidations
- Whether married couples should file 2022 taxes together or separately
- Impacts of filing separately for income-driven repayment
- The tax deduction for federal student loan interest during the freeze
- Delays on loan forgiveness with the PSLF waiver
- Information on consolidating your loans
- How address changes impact your double consolidation paperwork
- Consolidation with respect to the LDR waiver
- Email inbox storytime
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 payments will likely kick back in sometime in 2023, so now is the time to reevaluate your spending and saving habits. Are you truly living the life you want to live? How do YOU define your own success?
Today, Meagan McGuire, CSLP®, and Lauryn Williams, CFP®, CSLP®, discuss how to change your budget so that it’s working for you. And no, they aren’t going to tell you to quit eating at restaurants or supporting your local coffee shop! This episode is all about how you can adjust your life right now to spend your money on the things that actually matter and bring you joy. No matter what your goals are, it’s always the right time to invest in you. So let’s dive in!
In today’s episode, you'll find out:
- Intentional spending and budgeting
- How to align your spending with your values
- How to prioritize your spending
- How to say “no” to things that aren’t aligned with your goals
- The importance of supporting small businesses
- Different ways to support small business owners
- The differences in how you feel when you use credit or debit cards, or cash
- How to invest in a socially responsible way
- How to donate your time or money to important causes without sacrificing your needs
- Questions to ask yourself before making a budget
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!
Keeping up with how student debt is changing in this country can be a headache. That’s why I want to help you figure out how to use the existing system to your benefit right now in ways that could be life-changing.
Today, I’m answering quite a few listener questions — lots of our listeners had Parent PLUS Loans on their minds, and maybe you do, too. Then, I dive into the Biden Plan for “free public college,” which may not be exactly what it sounds like, but you could still massively benefit if you set up a plan that uses your current situation to your benefit.
In today’s episode, you'll find out:
- What is the double consolidation loophole Advice on Parent PLUS Loans for parents
- Does the advice apply to private student loans
- If you should continue with the loophole method
- How to navigate student loan repayment as things continue to change
- Whether you should file your taxes separately or joint-file
- How much the new tax plan could cost
- Biden’s plan for “free public college” and how to use it to your advantage
- How to provide an inheritance to your kids
- How to pay back your student loans
Links mentioned:
- Got a student loan question? Leave me a voicemail
- Parent PLUS Loan double consolidation loophole
- Get a student loan plan
- 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
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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!
Join student loan consultants Lauryn Williams, CFP®, CSLP®, and Meagan McGuire, CSLP®, as they answer questions from clients about student loans. Learn about the revamped REPAYE plan, forgiveness timeline for undergraduate and graduate loans, and discretionary income guidelines for repayment.
They also dive into the tax implications of loan forgiveness, the difference between FFEL and Direct Loans, when the long-term benefits of federally held loans outweigh the advantages of refinancing, and more.
In today’s episode, you'll find out:
- Questions about the new repayment plan
- The forgiveness timeline of the new REPAYE plan
- When to save up for the tax liability to get ahead of the game
- How the option of married-filing-separately could be impacted
- Why you don’t need to have a tax return to calculate your payment
- What you need to know if you feel like you're the only one making student loan payments
- How to get help with student debt
- Why you may need a student loan consultation even if you think you don't
- How do you go about the double consolidation on timing
- When can you start preparing for the double consolidation
- What to do if you’ve been laid off
- How to get your money back if you’ve been making student loan payments during the payment pause
Link mentioned:
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!
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
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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!
Since March 2020, the student loan pause started a trend of more generosity for borrowers — more generous programs, IDR plans, waivers, PSLF rules and more. But the past couple of weeks have seen judges strike back against many of the student loan initiatives. Learn how a federal just in Texas struck down the entire student loan cancellation program, how borrowers can benefit from some of the options still out there for student loans, and student loan changes we might see in 2023.
In today’s episode, you'll find out:
- How a federal judge in Texas struck down the entire student loan cancellation program
- What fueled the attack in the Texas cancellation case
- The major questions doctrine and how it applies here
- The impact of the Texas ruling on the student loan payment pause
- Why student loan payments might not resume in January
- New rules for bankruptcy and 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!
A Texas judge blocked student loan cancellation, effectively stopping it in its tracks. Plus, the midterm elections will have an enormous impact on student loans going forward. Between these two events, you could feel the effects even if you wouldn’t benefit from cancellation specifically. I’m diving into the student loan lawsuits, the temporary pause on student loan cancellation, and what will happen when student loan payments resume.
In today’s episode, you'll find out:
- Why the Texas lawsuit that blocked student loan cancellation caught many by surprise
- What happened with the midterms and how it can change student loans going forward
- Why the Eighth Circuit didn’t rule on the lawsuit before the midterm elections
- How the injunction helped the Texas lawsuit gain traction
- Why there’s a temporary pause on student loan cancellation
- How the lawsuit gained standing to allow the judge to rule on merit
- Why more groups and private entities haven’t sued over the student loan relief measure
- How much will student loan defaults spike when payments resume
- How hard do you go on these programs?
- Different options the Biden Administration is looking at for student loan forgiveness
- What the new IDR plan will look like based on the draft release of the rules
- What’s going on with student loan relief
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!
A Texas judge blocked student loan cancellation, effectively stopping it in its tracks. Plus, the midterm elections will have an enormous impact on student loans going forward. Between these two events, you could feel the effects even if you wouldn’t benefit from cancellation specifically. I’m diving into the student loan lawsuits, the temporary pause on student loan cancellation, and what will happen when student loan payments resume.
In today’s episode, you'll find out:
- Why the Texas lawsuit that blocked student loan cancellation caught many by surprise
- What happened with the midterms and how it can change student loans going forward
- Why the Eighth Circuit didn’t rule on the lawsuit before the midterm elections
- How the injunction helped the Texas lawsuit gain traction
- Why there’s a temporary pause on student loan cancellation
- How the lawsuit gained standing to allow the judge to rule on merit
- Why more groups and private entities haven’t sued over the student loan relief measure
- How much will student loan defaults spike when payments resume
- How hard do you go on these programs?
- Different options the Biden Administration is looking at for student loan forgiveness
- What the new IDR plan will look like based on the draft release of the rules
- What’s going on with student loan relief
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 new IBR plan is supposed to be available by July 2023, but it might not happen as promised. I’m diving into what’s causing the delay that could push it out until late 2023 or even July 2024. There are also hot developments going on with student loan cancellation, and I’m sharing new strategies coming down the pipeline based on recent announcements. Plus, I’m taking some listener questions. We’ve got a lot to cover… are you ready?
In today’s episode, you'll find out:
- Why commercially-held FFEL loans don’t qualify for Biden’s cancellation
- The easiest path for someone to sue to block Biden’s student loan cancellation plan
- When you should NOT apply for the $20,000 cancellation
- Why the new IBR plan is being delayed and what it means for borrowers
- When will the new IBR plan be available
- New strategies for residency and fellowship
- Best advice for residents and fellows who are single
- What to do if you’re working for a not-for-profit employer
- How deferment and forbearance can count in certain cases for PSLF
- My thoughts about the lawsuit: Do state attorneys general have standing to sue
- What I think will happen after the election
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 new IBR plan is supposed to be available by July 2023, but it might not happen as promised. I’m diving into what’s causing the delay that could push it out until late 2023 or even July 2024. There are also hot developments going on with student loan cancellation, and I’m sharing new strategies coming down the pipeline based on recent announcements. Plus, I’m taking some listener questions. We’ve got a lot to cover… are you ready?
In today’s episode, you'll find out:
- Why commercially-held FFEL loans don’t qualify for Biden’s cancellation
- The easiest path for someone to sue to block Biden’s student loan cancellation plan
- When you should NOT apply for the $20,000 cancellation
- Why the new IBR plan is being delayed and what it means for borrowers
- When will the new IBR plan be available
- New strategies for residency and fellowship
- Best advice for residents and fellows who are single
- What to do if you’re working for a not-for-profit employer
- How deferment and forbearance can count in certain cases for PSLF
- My thoughts about the lawsuit: Do state attorneys general have standing to sue
- What I think will happen after the election
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!
A brand-new set of rules came out, and I’m diving into these urgent student loan updates to give you the inside track of how it can benefit you. It impacts a narrow group of people, but if you’re affected, these most recent changes could be life changing.
In today’s episode, you'll find out:
- The new rules for the PSLF program that benefits contractors working for PSLF-eligible organizations
- How Kaiser Permanente physicians can qualify for PSLF
- What hold-harmless provisions mean for getting credit during deferment or forbearance
- Decisions people in residency and fellowship must consider to maximize student loans
- How to get a second shot at the PSLF waiver
- The importance of consolidating your loans by May 1, 2023
- Why the IDR waiver matters for loans before 2010
- Updates on the student loan cancellation lawsuit
- The strategy being used to block student loan cancellation
- Cancellation lawsuits vs. non-partisan arguments
- What’s the long-term impact of these student loan changes
- Could a future president roll back these changes
- Why you shouldn’t stress if you refinanced your student loan
- Why focusing on growing wealth can help you be excited about your financial future
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!
A brand-new set of rules came out, and I’m diving into these urgent student loan updates to give you the inside track of how it can benefit you. It impacts a narrow group of people, but if you’re affected, these most recent changes could be life changing.
In today’s episode, you'll find out:
- The new rules for the PSLF program that benefits contractors working for PSLF-eligible organizations
- How Kaiser Permanente physicians can qualify for PSLF
- What hold-harmless provisions mean for getting credit during deferment or forbearance
- Decisions people in residency and fellowship must consider to maximize student loans
- How to get a second shot at the PSLF waiver
- The importance of consolidating your loans by May 1, 2023
- Why the IDR waiver matters for loans before 2010
- Updates on the student loan cancellation lawsuit
- The strategy being used to block student loan cancellation
- Cancellation lawsuits vs. non-partisan arguments
- What’s the long-term impact of these student loan changes
- Could a future president roll back these changes
- Why you shouldn’t stress if you refinanced your student loan
- Why focusing on growing wealth can help you be excited about your financial future
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!
You only have until October 31, 2022 to take advantage of the PSLF waiver before it expires. But it isn’t too late to apply and get credit!
Senior Student Loan Advisor Meagan Landress, CSLP®, and I did a webinar very recently on last-minute application tips for the PSLF waiver, and hundreds of borrowers were there with us. In this episode, we’re sharing the top tips from the webinar to help as many borrowers as possible get credit added to their PSLF payment count up until the last possible moment.
In today’s episode, you'll find out:
- What has changed with the PSLF waiver
- What should you do if you have the wrong kind of loans
- How to consolidate loans for the PSLF waiver
- Do you have to use the PSLF Help Tool
- What to do if you can’t get a signature from your employer
- What’s the timeline for the PSLF waiver
- The student loan cancellation lawsuits and what it means
- Whether time worked in public service before you took out loans counts
- If contract work for the state or government counts towards PSLF
- When you need to update your income for IDR
- What are the benefits of PAYE vs. REPAYE
Links mentioned:
- StudentAid.gov
- PSLF Help Tool
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
The student loan lawsuits, specifically the State of Nebraska v. Biden et al. suit against the Department of Education, are poised to slow down or stop student loan cancellation. I will cover what might happen and why it matters for many student loan borrowers out there. I also have a few random business updates to share, including how to join one of our Facebook groups and where to find resources on our site that go beyond student loan planning.
In today’s episode, you'll find out:
- The lawsuit against the Department of Education that could stop loan cancellation
- Why I think getting the hearing in front of the Eastern District of Missouri, one of the most conservative districts in the country was intentional
- The importance of October 23 in student loan debt cancellation
- Why I think we’ll see a super-generous IDR plan if the cancellation is blocked
- How you can still take advantage of the PSLF waiver despite the looming deadline
- How to join one of Student Loan Planner®’s Facebook group for Parent PLUS loan forgiveness, teachers, nurses, and other professions
- Resource update: Qualify for a doctor mortgage and get a quote for disability insurance right from the site
Links mentioned:
Get help for the PSLF waiver
Qualify for a physician home loan
Get a quote for disability insurance
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!
Meet Conor Mahlmann, CSLP®, one of our newest consultants as he joins Meagan Landress, CSLP®, and Ben Lacomis, CSLP®. Conor joined the Student Loan Planner team back in May and just hit his 300th consult.
The team is covering many topics this week — from the changes we’ve seen, the PSLF waiver, cancellations, and what we hear directly from clients. We’re also jumping into student loan updates, so there’s a lot of ground to cover.
In today’s episode, you'll find out:
- How Conor got into financial planning and what attracted him to student loan planning
- The most interest student loan strategy case Conor has seen (so far)
- The skinny on the Biden student loan cancellation
- What you need to do before October 31 to take advantage of the PSLF waiver
- Why it’s not too late to benefit from the PSLF waiver
- How long it takes to get your employment certification form signed
- When double consolidation makes sense
- What to expect from the timeline for loan forgiveness and cancellation
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 loan decision fatigue is real. With so many options, programs changes, temporary waivers, and more, there’s a lot of deadlines to keep track of. What should you be paying attention to? What are you eligible for? Where do you even start? Join me, Sim Terwilliger, CFP®, CSLP®, and Meagan Landress, CSLP®, as we review what you should be thinking about right now. We also share how some borrowers are paying it forward and the best self-care ideas to rejuvenate your mind and body.
In today’s episode, you'll find out:
- Why you need to create an FSA (federal student aid) account right now
- How to know if (and when!) you should consolidate student loans
- How consolidation can help your PSLF payment count
- Crucial student loan deadlines you need to pay attention to
- When to expect a payment tracker for your IDR payment count
- What the Biden forgiveness plan could mean for you
- Why we’re seeing another wave of people getting PSLF forgiveness
- How to pay it forward to others
- The best ideas for self care to rebuild yourself
- What’s coming up next for federal 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!
Emergency Episode #2
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!
6 Republican led states just filed a lawsuit to block student Ioan cancellation, but this could be much bigger and imperil the IDR waiver, the payment pause, and more.
Forgiveness, cancellation, and repayment plans have seen many changes in recent months. But there’s more coming — I’m following what the Democrats and the Republicans are proposing for the future of student loans, which could have a big impact on student loans in 2023 and 2024.
Listen in as I dive into proposals and a particular bill that is likely to pass in Congress that could help out a small, but important category of student loan borrowers.
In today’s episode, you'll find out:
- Listener question: Can I get a refund on payments and still qualify for $10k and $20k cancellation
- What the cancellation announcement means for your student loans
- How the Democrat and Republican plans can overhaul student loans
- How the student loan act would drastically lower interest rates on student loans
- What the republican bill means and how it could impact current and future borrowers
- What would the final rule look like if it were codified
- Refinancing strategies for graduate school 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!
Some people simply aren’t suited for PSLF, and that’s okay. Student loan repayment is all about making decisions that are right for you and your family, and that’s what we’re talking about today. Join Senior Student Loan Advisor Lauryn Williams, CFP®, CSLP®, as she sits down with Miranda, a physical therapist and real, life student loan borrower who qualified for PSLF but chose to go a different route.
In today’s episode, you'll find out:
- Why Miranda gave up loan forgiveness with only two years to go
- What prompted Miranda to go from a physical therapist to starting her own forgiveness
- Strategies Miranda uses to lower her adjusted gross income and save for retirement
- Why borrowers in “the bubble” aren’t eligible for Pay As
- You Earn (PAYE) and what that means for student loan repayment
- How your borrowing timeline impacts your repayment plan
- How the tax bomb affects your tax liability in a big way
- Miranda’s thoughts about hearing the numbers behind her student loan repayment choices
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!
We like to prepare student loan borrowers for whatever life throws at you. But even the best laid plans can throw a curve ball. Sim Terwilliger, CFP®, CSLP®, and James Mwombela, CFP®, two of our newest student loan advisors, recently found themselves taking one of those unplanned detours: Challenges along the way to having a baby. Join Lauryn Williams, CFP®, CSLP®, as she talks to the team about breaking the all-too-common silence around fertility and related issues since joining, as Sim puts it, “the club that you didn’t ask to join.” We’ll cover the kinds of wealth that money can’t buy and why student loan debt should not derail your family planning plans.
In today’s episode, you'll find out:
- Why you delaying having children can have very real consequences for fertility
- How the journey from discovering a potential fertility problem to diagnosis and treatment can easily run to two years
- How you can manage student loan debt and start planning for your family at the same time
- How aggressive student loan pay-off strategies can backfire
- Why you need to start advocating for yourself with billing and insurance benefits early
- Hidden costs to consider that might not be covered by insurance
- How setting cash aside to boost medical coverage can reduce state and federal taxable earned income.
- Family planning tax strategies that can save you big money
- How LGBT couples may be eligible for grants to cover adoption expenses.
- What to say (and what not to say) to friends who may be trying to have a baby
- How to find happiness when life doesn’t go as planned
Links related to topics mentioned:
- RESOLVE: The National Infertility Association
- Reproductive Facts: Infertility Counseling and Support
- Kaiser Permanente-Infertility Emotional and Social Support
- When Miscarriage Ends a Pregnancy: Understanding the Loss and What to Say
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
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!
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
Washington may be headed into summer vacation doldrums, but for student loan borrowers now – more than ever – is a time to stay alert and informed! I’ll start with a deep dive into a proposed settlement in the Borrower Defense to Repayment lawsuit (known as Sweet v. Cardona), outlining the origins of the class action and who stands to receive forgiveness from for-profit schools that marketed through fraudulent means. I’ll also give you the latest updates on where PSLF and IDR waivers stand, and why a big announcement related to the student debt pause will likely occur in the next month. Then, I’ll wrap up with announcements about Student Loan Planner's exciting new webinar initiative and program changes coming this fall.
In today’s episode, we’re covering:
- What’s it all about? A little background on Sweet v. Cardona
- What it means that it’s a “proposed” settlement (and not yet finalized)
- The major issue at hand: Should those who were defrauded by scam for-profit universities be forgiven their government loans?
- What to do if you’ve already applied for Borrower Defense and what to do if you haven’t
- Updates to the PSLF waiver even though a final decision hasn’t yet been made pending determination of executive authority
- Why I anticipate a big loan announcement in late July/early August
- Why people are missing out on $50 billion or more available for forgiveness
- How to get in on our newest initiative of free online info sessions to any groups or associations interested
- Changes in pricing our pricing structure starting September 1st
- A recap of refinancing and where it stands right now for borrowers
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
Join me in this episode where I answer many of your most popular questions about Income-Driven Repayment waivers, grace periods, reducing your loan repayment amounts, disability and term life insurance, our NEW Student Loan Planner Insurance, and so much more! It’s an info-packed episode you won’t want to miss, especially if you’re a medical professional!
In today’s episode, you'll find out:
- Will relief come for spousal joint consolidation loans
- How PSLFs are changing after the Income-Driven Repayment (IDR) waiver announcement.
- How to know if you’re eligible for loan forgiveness on a Standard Tenure Plan
- Potential problems with loan repayment grace periods after you graduate
- How to exclude spouse’s income to reduce student loan repayments
- What it’s like to go through an adversarial preceding (recommended attorneys & getting relief from a school that closed)
- How to avoid the June 30th disability insurance sales tactic
- What important medical professionals need in their disability insurance policy
- How to know if you need term life insurance
Links mentioned:
Get Your Own-Occupation Disability Insurance Quote
Get and Compare Term Life Insurance Quotes
Book a 1 hour consult with us
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
Senior Student Loan Advisor Meagan Landress, CSLP®, and one of our newest Student Loan Advisors, Sim Terwilliger, CFP®, CSLP®, discuss a number of relevant topics to student loan borrowers today.
Listen as they answer listener questions from the inbox, technicalities about loan repayment (particularly around recertifying for your existing income-based repayment plan) and info about the Limited PSLF Waiver and consolidating your loans for PSLF.
In today’s episode, you'll find out:
- How Aidvantage is asking borrowers to recertify for income-based repayment
- Know when you’ll actually need to recertify (not before March 2023!)
- How recertifying too soon can impact your income-driven repayment amount
- When we think student loan payments will resuem
- How to figure out your interest rates on federal student loans
- What FedLoan Servicing’s transfer to MOHELA means for borrowers
- Where your data is stored (hint… it isn’t just your servicer account)
- What to expect when consolidating your loans for PSLF or the IDR waiver
- How teachers can avail of PSLF and teacher loan forgiveness at the same 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
I’m offering a sneak peek into “Dreams Not Debt,” our brand-new ultimate guide to creating your very own financial plan. Listen is as I break down the five key crucial elements to keep in mind when putting together your plan (cashflow, taxes, insurance and asset protection, life milestone planning and goals-based investing) — and share actionable tips on how to optimize each one to help you achieve your unique goals!
If you’ve always wanted to get financial plan but felt like the price was out of reach, or you feel like financial planning doesn’t take into account your student loans, this is the course for you — and our podcast listeners can get it for 70% off through Thursday. Check it out at studentloanplanner.com/plan
In today’s episode, you'll find out:
- How to calculate your true net worth as a student loan borrower
- When it might be a good idea to hire an accountant to do your taxes for you
- The 5 key elements you need: Cashflow, taxes, insurance and asset protection, life milestone planning and goals-based investing
- About the different types of insurance to consider as part of your financial plan
- How to navigate the complexities of protecting your assets
- How to categorize your goals and focus on the right investments to achieve them
Links mentioned:
Dreams, Not Debt — Build a Financial Plan for Your Best 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
Society tells us that we can only retire in our 60s. If that’s your plan, I think it’s great! But you need to know there are more options available than you have ever dreamed possible, and it all comes down to having the right financial planning strategy in place.
Of course, that’s easier said than done.
Listen in as I break down what’s wrong with the standard approach to financial planning, and what you can do to chart a course towards your ideal life in as little as a year.
In today’s episode, you'll find out:
- Why financial planning isn’t only for rich people
- What’s wrong with the standard approach to financial planning
- The real purpose of financial planning
- How to use financial planning to live your ideal life in a year
- Why financial planning is different than financial tools
- About different roles of financial planners and how the profession has evolved over time
- Why increasing your income alone doesn’t guarantee financial success
- How to use financial planning tools to your advantage as a student loan borrower
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
Too often, we set goals and we never reach them. Why is that? It’s most likely because our goals aren’t inspiring enough! If your goals haven’t inspired you enough to pour your heart and soul into reaching them, let’s fix that. Join us, Rob Bertman, CFA, CFP®, and Lauryn Williams, CFP®, CSLP®, as we talk about how to set inspired financial goals so you can become debt-free and live the abundant life you want to live.
In today’s episode, you'll find out:
- How to turn boring, ineffective goals into inspiring, effective goals
- The power of thinking of possibilities instead of clinging to the “what ifs”
- How smart, inspired goals positively impact your spending habits
- Creating the path towards success and goal-setting for your biggest aspirations
- Why don’t I ever reach my goals? How can I become a serial goal-achiever?
- The importance of focusing on the process over the outcome
- How to create financial goals that will help you become debt-free
- The 5 C’s of inspired goal-setting
- Why you need to write down your goals and say them out loud
- The crucial role of habits in reaching your goals
- Goals we’re currently working towards: Flexible travel options and Lauryn’s financial retreat
Links mentioned:
- Sign up for Lauryn’s Financial Retreat
- Growth Day app
- Atomic Habits by James Clear
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
The Federal Reserve realized they messed up: Inflation wasn’t only a temporary setback brought about by the pandemic. Monetary policy was left too loose for too long, and now it’s led to the worst inflation in 40 years. This is painful for businesses of all types, big and small—including student loan companies. Many of them have no choice but to pivot or phase out certain products, and some of them go out of business completely. Join me as I talk about the student loan servicers that have been forced to shut down and what all of this means for borrowers.
In today’s episode, you'll find out:
- Why the Fed messed up and what they’re doing about it
- How inflation measures up in today’s economy
- The pain student loan companies are facing
- How the changes are impacting borrowers going for forgiveness
- What to know about the Nelnet-Great Lakes merger
- What the multiple student loan pause extensions mean for companies
- What borrowers need to do to prepare for servicer changes
- How servicers could fight back against Congress
- Whether more student loan refinancing companies will shut down
- What I think about the student loan pause continuing
- About our latest updates on the IDR waiver and cancellation by Executive Order
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
Senior student loan advisor Lauryn Williams, CFP®, CSLP®, sits down with one of SLP’s newest student loan advisors, James Mwombela, CFP®, to discuss the racial wealth divide and how it has impacted Black Americans’ ability to create wealth. The basis for today’s conversation is a Wall Street Journal article written in August 2021 titled “College Was Supposed to Close the Wealth Gap for Black Americans. The Opposite Happened.”
In today’s episode, you'll find out:
- Why Black college graduates have a lower net worth in the 2020s than in the 1990s
- What is net worth and why does it matter
- Slow income growth and other causes of low net worth for Black households
- How student loan debt is affecting college graduates now versus 30 years ago
- How this phenomenon has impacted the lives of young Black graduates today
- About the history of the racial wealth gap
- Why homeownership is significantly lower for Black graduates
- The role of homeownership in wealth building
- How the lack of financial literacy stops net worth in its tracks
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
I’m breaking down all the fluid elements swirling and often confusing even the most knowledgeable student loan loan experts. There’s just so much going on – and the U.S. Department of Education may or may not be concealing a backdoor form of relief via their complex waiver programs. What will happen if cancellation occurs? It’s not clear, but it’s very likely to end up in a heavy political court challenge just as midterm elections heat up. And we’ll be here to help you ride the rapids and optimize whatever opportunities are out there.
In today’s episode, we’re covering:
- Advice about consolidating Parent Plus loans that parents took out for their two kids
- The first thing you need to know about Parent Plus loans before figuring out your long-term strategy
- Whether it’s possible to get credit for payments made during in-school deferment
- President Biden’s recent announcement and the pressure he’s under with regard to loan forgiveness
- Possible loan forgiveness for under $50,000, including a means testing approach
- Results of our biggest-ever survey of more than 6,200 subscribers and listeners about loan forgiveness
- Why only 47% of borrowers with balances under $50k plan to pursue forgiveness
- The complete breakdown of demographic insights in terms of what population is going for student loan forgiveness
- Debt cancellation for people in default on loans of $10,000 or under
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
Vastly underreported in the media, the IDR waiver is currently being portrayed as an option for tens of thousands who are eligible for PSLF or income-driven repayment. Join me as I discuss this once-in-a-lifetime opportunity, and how I see this as a way to help millions get forgiveness. Listen in as I break down all you need to know about the IDR waiver!
In today’s episode, you'll find out:
- What is the IDR waiver
- How it’s meant to help student loan borrowers
- Why you need to pay attention to the IDR waiver
- The potential limitations of the IDR waiver
- Who could benefit from this once-in-a-lifetime opportunity
- How many people can get immediate cancellation
- The political and legal headlines I think we’ll see because of it
- Why the current administration is so keen on promising student loan cancellation
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
The temporary PSLF waiver is an amazing opportunity that offers expanded loan forgiveness for a limited time. Learn how you can use your knowledge of this once-in-a-lifetime program to help your friends get forgiveness on their loans before the October 31, 2022, deadline. Plus, I’m answering listener questions to clarify some points of the PSLF waiver, income recertification and Parent PLUS loans.
In today’s episode, you'll find out:
- Why you need to take advantage of the PSLF waiver
- How to share the PSLF waiver opportunity with your friends
- Why a student loan consult makes sense for your student debt
- The new income recertification date you need to know for IDR plans
- How consolidation can help you get more qualifying payments
- When consolidation could cause problems
- Whether or not Parent PLUS loans qualify for the PSLF waiver
- When double consolidation makes sense for Parent PLUS loans
- Why being vulnerable when talking about student loan debt matters
- How best to educate your friends on the temporary waiver
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
With the student loan pause, it’s likely that many of you haven’t made a payment in quite some time. So, how does repayment work when you’re fresh out of school? What do you need to know before starting to pay off your student loans?
Join us, Lauryn Williams, CFP®, CSLP®, and Dan Rooker, CFP®, CSLP®, as we talk about the basics of student loan repayments while helping you figure out which repayment plan is best for you and how to start paying off your student loans.
In today’s episode, you'll find out:
- What you need to know about the grace period of student loans.
- The only reason you should use your loan’s grace period.
- How to figure out which loan payment plan is right for you.
- Student loan repayment options
- The 5 types of income-driven repayment plans.
- The 2 most popular repayment plans
- What happens when your income changes? Do you have to update your loan?
- Why you do not want to be late in recertifying your income.
- How to easily calculate your student loan repayments for free!
- When to recalculate your payments and recertify your income.
- When are student loan payments due?
- Should you enroll in autopay for your student loans?
- What is a prepayment and when does it make sense to make a prepayment?
- How do you set up loan exit counseling?
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
There are no guarantees when it comes to the future of federal student loans, but there are some clear data points and indicators — and I’m sharing my views on what will happen next. I’ll take questions from listeners and deconstruct several scenarios that could impact student loan repayment as we head into midterm election season. Between the political and practical factors that will determine what happens next, I’ll explain why my I think the current pause will extend at least through the end of 2022.
You’ll also be the first to hear about an exciting new development at Student Loan Planner, which has just expanded its services to offer insurance coverage. With the same ethical approach we’ve taken to student loan strategies, SLP Insurance LLC will advocate for your best interests, which means providing the best coverage at the best rates.
In today’s episode, you'll find out:
- Listener questions about pre-paying loans, refinancing in an atmosphere of overall spiking interest rates, PSLF waivers and how to get creative about certification when your employer changes tax status
- Will the current student loan pause be extended through the end of the year
- Why did the Biden Administration choose to extend the pause through August 2022
- What I think about a few election season announcements about $10,000 of debt cancellation, a generous new income-based repayment plan, and an IDR waiver
- What you need to know about Operation Fresh Start
- What might happen if Congress remains under Democratic control after the midterm elections, and what if the Republicans prevail
- Our new Student Loan Planner initiative of SLP Insurance LLC
- How SLP Insurance extends the same ethical approach used to optimize student loan strategies and repayment to grow wealth and security for student loan borrowers and professionals
- How the agency can help people shop for life and disability insurance
Links to topics mentioned:
- Refinance student loans
- Get a quote for disability insurance from SLP Insurance LLC
- Get a quote for life insurance from SLP Insurance LLC
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
THIS JUST IN from your favorite pod!
__________________________
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
Horror stories about out-of-control college debt are familiar to most of us, but there is a flip side to consider. Shying away from student loans can prove short-sighted, especially if it costs you the ability to focus on studies, network with classmates and pursue career enrichment opportunities. The trick is enlisting the right loans for the right reasons – with a carefully considered plan in place. Learn why our student loan advisor, Sim Terwilliger, has some regrets looking back on how she managed the financing of her long-dreamed-of Ivy League college experience. She and Lauryn Williams, our senior student loan advisor, highlight common misconceptions about debt and how to avoid pitfalls both real and imagined. As Sim sums up: “Yes. Be cautious. Be intentional. But don’t be fearful. Let knowledge give you clarity and direction.”
In today’s episode, you'll find out:
- Undergrad price tags are steep and debt is intimidating, but there are options
- Colleges offer all kinds of packages, including work-study programs
- Fear of debt is natural and not a bad thing – but it’s important to get educated about it
- Unpaid internships can be out of reach and impractical for lower-income students
- The open mouth gets fed: Never shy away from asking for help
- Only 45% of undergrads at Sim’s Ivy League college qualified for need-based grants
- A Factor to Consider: Being the scholarship kid can feel awkward, even demoralizing
- If your living circumstance/home life is stressful or unhealthy, loans can be a worthwhile catalyst to change that pays off in the long-term
- Just $5,000-$7,500 in loans can provide enough flexibility and breathing room to make a real impact on the quality of an overall educational experience
- Parent-Plus loans are another option for students whose family financial picture doesn’t fit the standard financial aid calculus
- If your estimated family contribution is unrealistic, ask your financial aid office for a reevaluation of specific facts and circumstances
- FAFSA is the baseline federal student aid application and CSS Profile is for private college consideration
- Liquidating assets to finance college expenses can be ill-advised for parents approaching retirement age
- Top 5 reasons that Sim wishes she would have opted for student debt
- Why federal loans are preferable to private loan options
Links to topics mentioned:
About Parent-Plus Federal Student Loan opportunities
An overview of the federal FAFSA application
An overview of the private CSS Profile
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
The loan servicing structure needs to be fixed, but how and why? Join me as I welcome Bobby Matson, CEO and Founder of Payitoff, to talk about why the state of the student loan serving industry is broken and how we might be able to mend it. Without getting overly cynical, we shed light on the incentive structure of student loan servicers, the problems that can arise when student loans are cancelled, and the changes and opportunities in loan servicing you can expect in the next few years. In today’s episode, you'll find out: Servicers get paid $25-30 per borrower. What kind of incentive structure does that create? What does Payitoff do and how does it help institutional customers manage and pay off debt? Why did Navient exit the business of loan serving? Why the politics of student loans are brutally cynical right now. Is there a solution? The frustrating problem with cancelling student loans. How student loans systems are increasing disparities in outcomes and increasing defaults, even for communities that need the programs. What you can expect in the next few years: NextGen servicing contract? Will I need to visit my servicer’s website in the future? Will I experience service interruptions? Why the loan servicing structure needs to be fixed. Opportunities in educating senators on how federal loans work. Should I reach out to Payitoff for help with debt repayment?
Do you have kids or are you thinking of having kids? Want to know how you can help your children avoid the student loan mess you’ve had to deal with? Join me and Mary Morris, CEO of Virginia529, as we talk about the benefits of a 529 plan and how to set up a tax advantage education savings plan for your children, even if they don’t exist yet.
In today’s episode, you'll find out:
- What is a 529 plan and how does it work? What can I use a 529 plan for?
- How to choose a 529 plan: Cost, investment options, tax advantages, tax deductions, and more.
- Can I use a 529 plan from a different state?
- How to use a 529 plan to start a college savings fund for a child who isn’t born yet.
- Can I change the name and the beneficiaries on my 529 plan?
How can my friends and family contribute to my 529 account? - Tips for reducing and paying off large student loan debts (529 matches can be a game changer!)
- Why tax season and holidays are great times to start growing a 529 account.
- Limitations and restrictions of a 529 plan.
- Is a prepaid 529 plan worth it?
- How much monthly savings is realistic for saving for college?
- Stay tuned to SLP to hear from more amazing guests!
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
Lauryn Williams, CFP®, CSLP®, welcomes Student Loan Planner’s newest consultants, Sim Terwilliger, CFP®, CSLP®, and James Mwombela, CFP®.
Strap in as we get to know Sim and James. The two share their authentic journeys, what motivated them to enter the financial industry, their serendipitous paths to joining SLP, and what they’re looking forward to in this new stage of their professional lives.
In today’s episode, you'll find out:
- How James came to join the team at SLP
- Sim’s background and the path that led her to SLP
- What ignited James to join the personal finance community
- The book that James loves for financial literacy
- Why financial literacy is woven into every aspect of managing your student loan
- How Sim’s childhood fueled her journey into financial planning
- Sim’s favorite tool to manage her finances
- How our new consultants were able to overcome recent setbacks in their lives
- What Sim and James are most looking forward to as SLP’s newest consultants
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
Senior consultant Rob Bertman, CFA, CFP® joins me to discuss recent developments related to interest rate policy at the heels of Russia’s invasion of Ukraine. We also cover the impact of subsequent decisions to be made by the Biden administration in the coming months on interest rate policy.
In today’s episode, you'll find out:
- What to expect from the housing market this summer as interest rates continue to rise
- The impact of 1% difference in a mortgage interest rate
- Why a typical middle-income family might itemize their mortgage interest
- If we think interest rates will keep rising or remain steady
- Why interest rates have gone up even before the Russian invasion
- How to navigate the refinancing market
- Whether you should refinance now or wait
- Why most people have suffered more than benefited from the student loan freeze
- Where we go from here since Russia has invaded Ukraine
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 ever wonder why the prices of graduate programs have gone up so drastically over the last few decades? Do you want to know what the TRUE cost of your graduate degree is? Join me as I talk about why the cost of graduate school hasn’t gone up as much as you think it has.
In today’s episode, you'll find out:
- How competition impacts the cost of tuition
- Reasons why the cost of graduate school has increased since the 1970s, especially for physical therapy, dentistry, law, vet med and pharmacology
- How today’s employment prospects drives up the cost of college
- The role of producer surplus and consumer surplus in the context of higher education
- Why there’s no cap on borrower for federal grad loans
- The difference in borrowing for undergrad and grad school
- The importance of looking at the present value of your loan payments and how to determine that present value
- Can medical school graduates and medical specialists get PSLF benefits
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
Meagan Landress, CSLP®, and Dan Rooker, CFP®, CSLP®, sit down to discuss common student loan scams. They also share why the Income-Contingent Repayment (ICR) plan might just be a great option to consider for borrowers looking to take advantage of the limited PSLF Waiver opportunity.
In today’s episode, you'll find out:
- Why you should check the StudentAid.gov site frequently
- About some of the most common student loan scams
- Real-life examples of scams our listeners have seen
- Why scams are likely to increase over the coming months
- What to look for to avoid being taken advantage of
- Who should consider the Income-Contingent Repayment plan
- How the ICR plan may push you much closer to forgiveness, if not immediately get you loan forgiveness
- Why your PSLF payment count is probably wrong
- The latest must-knows regarding the limited PSLF waiver
With tax season upon us, I’m sitting down with consultant Lauryn Williams CFP®, CSLP®, to discuss a number of common concerns by both employees and business owners. We cover everything from saving money on taxes in general to what to consider when seeking IBR recertification, all the way to taking advantage of pre-tax accounts.
In today’s episode, you'll find out:
- How Lauryn Williams became an Olympian
- How to recertify for income-based repayment
- How to save money on taxes as an employee
- What to know about contributing to pre-tax accounts such as a 401(k)
- Why borrowers shouldn’t worry about unemployment and retirement
- How to take advantage of a backdoor Roth IRA
- How to save money on taxes as a business owner
- What to know about the SEP IRA and the Solo 401(k) if you are self-employed
- Why it literally pays to hire a tax professional
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
Most people have a love-hate relationship with student loans. I’m diving into five reasons why student loans are absolutely worth it. And yes, it’s true: There are unique situations in which they may not be worth the plunge. But I’ll make the case that, for the majority of folks, student loans may just turn out to be one of the best investments they’ll ever make.
In today’s episode, you'll find out:
- Whether you qualify for PSLF if you work for a 501a
- What I think about crypto
- How Roth compares to 401(k)
- How to know if student loan debt it worth it
- Why borrowers shouldn’t worry about unemployment and retirement
- Why negotiating with your employer can open up new opportunities for you
- Why every borrower should consider starting a business based on their unique skillset
- How access to better professionals can help you save on taxes
- How student loans can help you get higher levels of job satisfaction
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
Lauryn Williams, CFP®, CSLP®, sits down with fellow consultant Meagan Landress, CSLP®, to talk in detail about student loan recertification and PSLF waivers. If you’re worried about self-reporting or recertifying your income and how this whole process works when you’re on an income-driven plan, this is the episode for you!
In today’s episode, you'll find out:
- How to self-report if you’re on an income-driven repayment plan
- Mishaps to self-reporting and how you can avoid them
- The earliest you’ll need to recertify your income on an income driven plan
- The best way to prepare for the resumption of payments in May 2022
- About the latest developments regarding the PSLF waiver
- What to know about overlapping payments
- Why borrowers shouldn’t worry about the letter they receive from FedLoan Servicing as they go through the consolidation process
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
The major news this week is Navient’s $1.85 billion settlement, which involved 40 state attorneys general.
I’ll give you the rundown of the settlement, what it means and answer the biggest question borrowers want to know: Can you get money from this settlement?
In today’s episode, you'll find out:
- What is borrower defense to repayment and why you should apply
- How to get the most benefit from the PSLF Waiver
- The background of the Navient lawsuit
- Why Navient settled the lawsuit
- The role of Sallie Mae in the Navient lawsuit
- Navient’s predatory lending practices
- Whether you can get cancelation or a check in the mail from Navient
- Why Navient is dealing with low-quality debt and what that means for their clients
- About the damage done to borrowers from the Navient settlement
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
Break out your apocalypse gear because a disaster is coming! Just kidding, we’re trying to keep things light and optimistic here, but it’s difficult when there are so many PSLF challenges people with student loans are still facing. Join me as I discuss the upcoming Public Service Loan Forgiveness (PSLF) problem of 2022 and how you can ultimately overcome it.
In today’s episode, you'll find out:
- Who is the PSLF Waiver going to help in 2022 and who won’t benefit from it?
- The problem: The inequality and unfairness of how the PSLF Waiver will be applied.
- Default rates for disadvantaged groups with undergraduate degrees (before the pandemic).
- How to qualify for the PSLF Waiver and the 2022 deadline you must apply by.
- Is the PSLF waiver easier or harder to navigate than signing up for income-based repayment?
- Solutions for this problem: Spread the word and tell your friends!!
We’re building out tools and resources to help you identify if you can benefit from the PSLF Waiver and how much credit you can get! Stay tuned!
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- Try our free student loan calculator
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- Book your custom student loan plan
We can’t control the pandemic or public policy, but we can control our actions to dramatically increase our net worth. I’m going to show you and your family a wealth of options for your wealth. Achieving a six-figure net worth seems like a daunting task, especially when you’re saddled with student debt. However, I’ll prove in this episode that your debt shouldn’t be an obstacle as you build your wealth. Listen in and learn why.
Find out why...
- You can’t rely on the income you get from a job
- Passive income (not from side hustles) is key to wealth
- Your problem is not having assets and not your student debt
- The truth to growing assets to create options for yourself
- A six-figure net worth is the key success metric on the road to building your wealth
- The world of investing is so confusing nowadays and how to navigate it
- You have an advantage in the 2022 job market as someone with an advanced degree
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Feeling helpless when it comes to your student loans?
- Try our free student loan calculator
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- Book your custom student loan plan
It’s 2022, and there’s no better year to kickstart your journey to financial independence! One of the keys to making this a reality is a solid investment strategy alongside your student loan strategy. After two years of living in a culture of fear, people are craving for freedom—for autonomy and choice. This could be the year you finally get a taste of that freedom. Listen in as I reflect on the turbulence of the economy over the past two years and offer my thoughts on what to look out for when investing in 2022.
In today’s episode, you'll find out:
- How the economy evolved over the past two years
- Why we need to get past the fear culture with our finances
- How to invest alongside your student loan debt
- The key to investing even if you’re living paycheck to paycheck
- Three positives for investing in 2022
- Three caution signs for investing in 2022
- The best way to act on your craving for freedom
- How to not let the ups and downs of the market stop you from investing
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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
Having six figures of student debt to pay off can often make you feel like you’re in bad shape, and for good reason.
But as SLP consultants Rob Bertman, CFA, CFP®, and Lauryn Williams, CFP®, CSLP®, explain, you may be doing better than you think. Listen in for a positive, upbeat message and learn how to change your paradigm around your student loans and the various opportunities available right now to help you accomplish your goals.
In today’s episode, you'll find out:
- How a simple shift in perspective can help you see that you’re closer than you think to paying off your student loans
- Why an income-driven plan gives you an incredible amount of flexibility in how you design your life and career
- The power of a positive attitude to overcome significant challenges
- How to face your fears and finally tackle your student loans
- The best way to pay as little as possible and eventually take advantage of student loan forgiveness
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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
Just announced!
President Biden extends the pause on student loan payments to May 1, 2022.
Feeling helpless when it comes to your student loans?
- Try our free student loan calculator
- Check out our refinancing bonuses we negotiated
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I reflect on how my wife and I would have approached her student loan strategy differently if given a second chance. Listen as I pick apart a 2015-version of me (who had just started dating my then-girlfriend-now-wife) and the conversations we had around her $124,000 med school loan, and how a seemingly straight path to forgiveness led to a string of complications.
Then, I dive into my thoughts on the ongoing negotiations around Temporary Expanded PSLF and how to go about refinancing your loans in the next couple of months.
In today’s episode, you'll find out:
- A flashback to my experience with student loans in 2015
- How my wife and I lost $200,000 on student loans
- How to avoid wasting tens if not hundreds of thousands on sub-optimal student loan strategies
- How the best investment strategies can be more powerful than perfect student loan cancellation or forgiveness
- What to expect out of Temporary Expanded PSLF in the coming months
- Who in the government is most likely to uphold their end of the ongoing negotiations to expand PSLF
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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
From the PSLF Waiver to the EICR plan to the debt mindset, there’s a lot we need to cover regarding student loans and loan forgiveness in 2022 and beyond. Join me as I answer a few listener questions you asked us via our podcast voicemail! I talk about recertification, why it’s so hard for undergrads to get student loan forgiveness, how to not feel so trapped by your debt, and more. Let’s all take a deep breath and get some answers!
In today’s episode, you'll find out:
- How to navigate the Public Service Loan Forgiveness (PSLF) Waiver Program: Two of my six student loans were forgiven under the PSLF waiver, but why weren’t the other four forgiven when they should’ve all been qualified?
- How long will my $0 FedLoan payments last? How do I know when to recertify?
- What you need to know about the new Expanded Income-Contingent Repayment (EICR) Plan: How will it impact me? Is it only for undergraduate student loans?
- Why it’s so hard for undergrads to get student loan forgiveness.
- Why does debt make people feel trapped? & How to shift your mindset to feel less trapped by student loans.
- And more!
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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
Join Student Loan Planner consultants Lauryn Williams, CFP®, CSLP®, and Meagan Landress, CSLP®, to discover what’s new and exciting about the PSLF Waiver and the servicer changes. They’re sharing what they’re seeing “on the ground” with real-life scenarios of the PSLF Waiver and servicer changes happening for borrowers.
In today’s episode, you'll find out:
- What’s happening to PSLF folks that have moved from FedLoan to Mohela
- What is the PSLF Waiver and how does it work?
- How to know if you qualify for PSLF Waiver
- How temporary is the PSLF Waiver loan forgiveness opportunity? When do you sign up for it?
- Everything you need to know about the PSLF Help Tool & How to use it to sign up for the waiver
- What the PSLF recertification process looks like
- Why would a loan servicer call me? & A real story of this happening to one of our clients
- Listener Q&A to learn about FFEL loans, forgiveness, recertifying income, and more
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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
Inflation is the hot topic of the day. Is it here to stay? And does inflation mean income-driven repayment programs are a bad idea? Listen in as I unpack the inflation conundrum as well as the latest news around the PSLF waiver along with updated guidance from the Department of Education.
In today’s episode, you'll find out:
- How inflation impacts student loan borrowers
- The gold standard, inflation, and deflation, and what it means
- A brief history of inflation and how we got to where we are today
- The role farmers played in inflation over time
- What’s going on with consumer’s balance sheets amid inflation
- What to expect with IBR when inflation happens
- Why borrowers who refinance like inflation
- What you sacrifice in the long-term by aggressively paying off your debt in the short-term
- Who benefits from inflation
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-
- Try our free student loan calculator
- Check out our refinancing bonuses we negotiated
- Book your custom student loan plan
The Department of Education recently forgave around $700 million in student loans in a single day. I talk about how the new PSLF Waiver played into that, what it means for student loan forgiveness, and what it means for you and your finances. I also sit down with Ben Martinek, EA, CSLP®, CFP®, of Student Loan Tax Experts. He shares his experience helping student loan borrowers with their taxes and how you and your spouse may be able to save some cash through amended returns.
In today’s episode, you'll find out:
- Who the Department of Education is giving forgiveness to and when
- How to make the right student loan decisions based on your finances and your personality
- The problem with the tax-bomb after student loan forgiveness and why I think the tax-bomb won’t actually happen
- Why refinancing student loans to a lower interest rate isn’t right for everyone
- The important of planning for unpredictable events in your finances
- How the current administration decides on student loan policy
- How to save money by amending tax returns with a three-year lookback period
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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
We could see a new student loan repayment plan for borrowers. The old IBR and the new IBR have been around for a while — now, the Biden administration is poised to create a new new IBR tentatively called The Expanded Income-Contingent Repayment (EICR) Plan. Confused? You’re not alone.
A lot is happening in the world of student loans, and a lot more will continue to happen come 2022 and beyond.
Listen in as I cover the ins-and-outs of the EICR Plan, a brief history of how today’s set of IBR programs came to be, and what borrowers can do to prepare for potential developments regarding IBR in the near future.
In today’s episode, you'll find out:
- A recap of recent student loan-related legislations and executive actions
- Why the PSLF waiver has a deadline
- Why I expect a lot of changes in student loans in the next 2 years
- Why you shouldn’t worry about repayment programs going away
- How the current mess of IBR programs came about
- What the EICR Plan is
- How the EICR Plan works and how it could impact borrowers
- What’s new with student loan servicers FedLoan and Aidvantage
- Updates on the temporary expanded PSLF plan
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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
Today, I’m joined by Chad Carson, aka Coach Carson. He’s a husband, father of two, real estate investor, and world traveler. His message is threefold: Invest in real estate. Retire early. Do what matters. Listen in as Chad and I talk about his best practices for building a robust real estate portfolio and achieving financial independence.
In today’s episode, you'll find out:
- Coach Carson’s “unusual” background before becoming a real estate investor
- What to know before buying your first rental property
- How to qualify for a second mortgage to be able to buy an investment property
- How to choose which type of property to buy (ex. single vs multifamily)
- Why big cities tend to be the best places to invest in
- How to bring down your taxable income as a married couple via your investments
- How to invest in real estate as a five-figure earner
-
Different ways to invest in real estate
-
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Subscribe to the newsletterFeeling helpless when it comes to your student loans?
-
Try our free student loan calculator
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- Book your custom student loan plan
There’s a lot going on in the world of student loans, from the recent overhaul of the PSLF program to the Federal Reserve’s “tapering” of bond purchases and its impact on interest rates. Travis takes on seven listener questions spanning today’s big issues. He then goes into the latest on the student loan servicer Navient.
In today’s episode, you'll find out:
- How and why to track your PSLF credit for long-term loan forgiveness
- How to appeal loan consolidations
- What the PSLF waiver changes are and how to navigate them
- What your start date is for making PSLF payments
- Whether to accept a family member’s offer to pay off a chunk of your loans or to wait for forgiveness
- When to get creative with how much PSLF credit you might be able to get
- If you’re missing out on any loopholes with your PSLF waiver
- How to adjust to Navient handing you off to Maximus/Aidvantage
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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
The PSLF expansion took borrowers by surprise. The Biden administration’s big announcement of a total overhaul to the PSLF program is a big deal. For a variety of reasons, many borrowers counting on PSLF had payments or loans that previously did not qualify for forgiveness because they could not meet the stringent requirements. The Department of Education effectively wiped out many of the hurdles through October 2022. Listen in and find out how the PSLF expansion can potentially be a life-changing opportunity for public servant borrowers, and what this development could mean for the future of student loans as a whole.
In today’s episode, you'll find out...
- Big takeaways from President Biden’s Executive Order
- How to get PSLF credit for payments that didn’t count before
- Why you can get PSLF credit for FFEL loan payments
- Who benefits from this expansion
- About the planned “grace period” on October 31, 2022
- The Biden administration’s legal justifications for the expansion
- Which employers could become eligible under this overhaul
- Why the cost of forgiveness will dramatically rise going forward
Like the show? There are several ways you can help!
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Feeling helpless when it comes to your student loans?
- Subscribe to the newsletter
Try our free student loan calculator
Check out our refinancing bonuses we negotiated
Book your custom student loan plan
Today’s conversation is for the parents out there who are currently navigating the challenges of paying down student loans all while preparing their own kids’ future. Do you actually have a solid plan to protect your kids from the massive debt burden you left school with? Listen in as our consultants Molly Laughter, MBA CFA, CFP®, and Lauryn Williams, CFP®, CSLP®, offer actionable strategies and tips for debt-straddled moms and dads.
In today’s episode, you'll find out...
- How just $25/month can make a big difference
- What is a 529 plan and how it can help with college savings
- 529 savings vs. a prepaid plan and how to choose
- How grandparents, friends, and others can gift money to a 529
- Using community college to save on college costs
- Why it’s better for the whole family to have the kids be involved in conversations regarding school
- How to handle Parent Plus Loans when you’re just a few years from retirement
- The best money lessons Lauryn learned growing up
- What to do if you didn’t grow up with great money messages
- Why paying down your loans as fast as possible might not be the smartest strategy for you
Like the show? There are several ways you can help!
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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
We’ve all heard the term “new normal” being used to describe life as we move toward life after the pandemic. But what exactly does that mean for you? How ready are you to seize upcoming opportunities to thrive personally and professionally once the world reopens?
Listen in as consultants Lauryn Williams, CFP®, CSLP®, and Dan Rooker, CFP®, CSLP®, do a deep dive into measuring your new financial normal, setting goals, and managing your relationships in a post-pandemic world.
In today’s episode, you'll find out...
- Why you should measure your new financial normal
- The free and paid tools to measure your finances
- Why Lauryn and Dan like YNAB (You Need a Budget)
- How to get the support of your friends and family
- How to fund a new small business
- The best way to measure your small business expenses
- The importance of setting career goals in the new normal
- How to accomplish goals while working from home
- Why now is a great time to explore new careers
- Why student loans don’t have to dictate your career decisions
- How to travel during the pandemic
- Steps to unplug from your workplace when taking a vacation
- Ways to manage relationships today and post-pandemic
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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
It’s been quite a week for student loans. Navient and FedLoan, two of the biggest student loan servicers have thrown up their hands and said, “We’re out.” Listen in as I explain what’s happening with student loans right now. I’ll also talk about the timeline for the servicer transitions and what it might mean for you. I’m excited about what some of these changes can mean for our clients, but I’m also cautious. So, buckle up and let’s get started.
In today’s episode, you'll find out:
- Why I’m worried even though the changes could be good
- Why TEPSLF created more problems than it solved
- The role of the CFPB in servicer accountability
- My theory about why Navient quit federal student loans
- Why I’m concerned about Maximus servicing student loans
- The awesome changes to PSLF the Biden administration is proposing
- How you might get PSLF even if you don’t have qualifying loans
- Why a process called negotiating rulemaking is a big deal
- How short- and long-term fixes can benefit you
- What to expect in the coming months and over the next few years with student loans
Links mentioned:
National Student Loan Data System (NSLDS)
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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
No one should be forced to keep a job where burnout, stress, and overwork have become the norm. Jessica Medina is a lawyer and Accredited Financial Counselor who helps her clients “build the money habits they need to actually build wealth.”
Listen in as Jessica shares her own experience leaving a series of prestigious roles in Big Law that she felt trapped in, and her journey to becoming an advocate for other professionals looking to do the same.
In today’s episode, you'll find out:
- Why Jessica was drawn to law and how it turned into a career path
- Jessica’s experience working long hours in Big Law while being the mother of two small kids
- How the Financial Independence, Retire Early (FIRE) movement changed everything
- How Jessica helps others with FIRE principles into her current work as a counselor
- Where Jessica’s career trajectory would have gone if she had access to PSLF
- Why Jessica decided to become a financial counselor instead of a financial planner
- Jessica’s advice to risk-averse people (like herself at one point) who want to take the necessary risks to retire early
Like the show? There are several ways you can help!
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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 loopholes aren’t always a good thing. While many loopholes can benefit borrowers by helping them pay less on their student loans, some can end up doing more harm than good. Listen in as I dismantle eight loopholes that actually aren’t loopholes, from rolling your student loan into a mortgage or practice loan to borrowing from your parents to relying on your spouse’s ability to pay for your tuition and living expenses while at school.
In today’s episode, you'll find out why these loopholes don’t work:
- How to get your student loan questions answered on the podcast
- Turn your non-deductible student loan interest into deductible mortgage interest
- Roll your student loan into your practice loan to get a tax deduction
- Borrow from your parents or other family members to pay down your student loan
- Borrow from the Department of Health and Human
- Services, i.e. Loans for Disadvantaged Students
- Pay off your student loan with a credit card
- Use your spouse’s money for tuition and living expenses while you’re at school
- Go to a Caribbean medical or vet school instead of waiting for another acceptance
- Work while you’re still in school
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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
In this episode’s consultant takeover, Molly Laughter, MBA CFA, CFP®, and Meagan Landress, CSLP®, dive deep into the student loan repayment loopholes that are available for borrowers — depending on certain factors such as family situation and where they live. Molly and Meagan also discuss tax implications, including those for individuals or families who live in a community property state versus those who don’t, as well as for those who live abroad and earn foreign income.
In today’s episode, you'll find out:
- The ins-and-outs of the Double Debt Loophole
- Defining Community Property States
- Taking advantage of the Breadwinner Loophole
- How the Reverse Breadwinner Loophole can help borrowers
- Why a competent tax professional is crucial for student loan repayment
- Understanding the Foreign Earned Income Exclusion for those living abroad
- How the REPAYE Interest Subsidy works
- What to know about the Double Consolidation Loophole for Parent PLUS Loans
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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
There’s a lot of talk around the Public Service Loan Forgiveness Program. In the last several months, we saw new developments unfold, and there’s no doubt we’ll see more changes in the years to come. I’m diving in and giving my thoughts on the current state of PSLF and what we could expect come election season in 2024 and beyond.
In today’s episode, you'll find out:
- Why very few borrowers qualified in the beginning of the program
- Why most people who apply for PSLF are denied
- Why graduates after 2014 shouldn’t worry about qualifying for PSLF
- Why is it for the best to make the approval process difficult
- Who benefits from the temporary expanded PSLF program
- My thoughts on two diverging paths that PSLF could take in 2024
- Other potential developments for the PSLF program in the near future
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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
Was your decision to take out a student loan the right decision? In this episode, I make the case that student debt isn’t only the right decision, but a fantastic one. It can feel like a burden, but it’s also a massive opportunity to gain access to high-income skills that you can use to maximize your potential and leave a lasting impact.
In today’s episode, you'll find out:
- Why I think student loan debt is a good thing
- Why you shouldn’t wait to apply for PSLF, despite FedLoan leaving
- Whether cash back credit cards are worth it
- How disability discharge can forgive student loans
- How student loans can give you the security of high income and job security
- The true percentage of income you’ll pay for income-driven repayment plans
- The few states that will potentially tax student loan forgiveness in the near future
- Why you should think of your student debt as a “smart income tax”
- How to be optimistic in a time of chaos and uncertainty
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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
If you’ve ever been told the average student loan debt for your program or degree, this episode is for you. Join me for a Q&A followed by a discussion on why focusing on median and average student loan debt statistics is a waste of time, and why those statistics cause all kinds of problems when it comes to higher education policy.
In today’s episode, you'll find out:
- Listener questions about recent student loan volatility
- How part-time hours can qualify you for PSLF
- How to use strategic refinancing to repay your student loans
- How to get your student loan questions answered by Travis
- Why you probably shouldn’t expect student debt cancellation during the Biden administration
- Possible changes to the PSLF program in the next few years
- Why the average and median student loan statistic is extremely flawed
- How to calculate the true cost of attendance for your program of choice
- Why schools never disclose tuition inflation, loan fees, or interest fees
- Why statistics aren’t reliable
- Why you shouldn’t focus on student loan debt and what to focus on instead
Like the show? There are several ways you can help!
- Follow on Apple Podcasts, Spotify or Google Podcasts
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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
Senior Consultant Rob Bertman, CFA, CFP®, joins me in this episode as we take a deep dive into the current state of the housing market.
With so many people on the fence about buying a new home this year, Rob and I tackle the most important things to consider before making that all-important decision.
Listen in as we discuss how to navigate unpredictable supply chains and fluctuating material costs when renovating your house, questions to ask yourself in the process of deciding whether to buy a house, and why homeownership is not the key to financial freedom — and what you should aim for instead.
In today’s episode, you'll find out:
- Why the housing market is so volatile
- Why current homeowners might be feeling lucky
- How to manage house hunting in today’s market
- Considerations around renovating your home
- Why a lower interest rate results in a cheaper mortgage
- Whether a market crash is inevitable
- Common budget-related issues prospective homebuyers run into
- Why homeownership is overrated when it comes to boosting your financial well-being
Like the show? There are several ways you can help!
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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
Many people feel like they need to make a higher income or invest more to advance to the next level of the economic ladder… but do you? Is it worth striving to become an upper middle class American? Join me as I discuss the various things you need to do at each income level (lower class through upper middle class) to break through to the next level and achieve financial security and wealth.
In today’s episode, you'll find out:
- Quick tips to adjust your spending and monitor your income
- The impact of the White House’s failure to extend the eviction moratorium
- How to reach financial security if you’re a working class American
- Money-saving tactics to stretch your income
- The most common reason people go bankrupt or lose money
- Insurance and healthcare benefits hacks for low income individuals
- What to do if your debt is too big to handle
- Why you should go back to school and get another degree, even if you have student loan debt
- Top tips and advice for increasing your income and saving for retirement
- What to expect in future episodes of the Student Loan Planner podcast
Links mentioned:
Mint.com
Millionaire Next Door by Thomas J. Stanley
Like the show? There are several ways you can help!
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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
More important than what kind of student loan plan you have is knowing how to invest. Listen in as I talk to you about investing in this current economy amid red-hot inflation and a booming housing market. I’ll also explain that, while 2021 continues to hold a lot of opportunities, it's also a dangerous time to be investing now that everyone is in the game. Plus, get a discount code for our Six-Figure Debt to Six-Figure Net Worth investing course.
In today’s episode, you'll find out:
- Why investing is so important
- The definition of “harmonic mean” and why it matters in investing
- How to use tax-loss harvesting to boost your portfolio
- Risks to consider if you decide to invest today
- My thoughts on crypto in the current market
- All about SLP’s course, Six-Figure Debt to Six-Figure Net Worth, and how to take advantage of our limited-time discount
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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
In this episode, I’m joined by Josh Mitchell, a Wall Street Journal reporter and the author of the book The Debt Trap: How Student Loans Became a National Catastrophe to reflect on his observations in the higher education space and how the student crisis came to be.
Listen in as Josh explains why the process of taking out a loan is more “opaque” than that of every other credit product and the disruptions that need to take place in order for the current system to change for the better — as well as the repercussions of these disruptions to the wider economy.
In today’s episode, you'll find out:
- How Josh was drawn to the student loan debt crisis
- Why student loans are unlike any other credit product
- Which is the bigger risk to the economy: the undergrad debt problem or the graduate school debt problem?
- What needs to change to mitigate the student debt crisis—and the consequences of these disruptions to the wider economy
- The future of lobbying for policy change in higher education
- Student loan reforms that would minimize or even eradicate inequality
Like the show? There are several ways you can help!
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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
Moving is really stressful. I’d know, having just moved my family and me across the country! Now that the economy is starting to reopen, new opportunities mean that more people are moving to different states. In today’s episode, I discuss the factors that student loan borrowers should consider when making the decision to move states, whether for a job or to buy a house.
In today’s episode, you'll find out:
- What to do if the IRS is slow to process your tax return
- The EDRP program and when it makes sense
Why you shouldn’t stick with a job just for PSLF - How solopreneurs can stay profitable while paying off their student loan
- The impact of community property states on student loans
- How moving to or from a community property state affects your student loan
- How to move to a new state if your goal is to buy a house
- Why moving to a new state can save you money on student loans
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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
Jesse Mecham is the founder of YNAB (You Need a Budget). Referring to the business as “an education company that masquerades as a software company,” Jesse created YNAB as a guide to money and an accountability tool that helps its users improve their spending habits, eliminate debt, and save more money. Listen in as Jesse shares his path to success and lessons learned as an entrepreneur. We’ll also talk about his advice on financial planning and buying a house in 2021, saving and building your wealth as parents, and becoming more confident in your spending overall.
In today’s episode, you'll find out:
- YNAB’s mission and how its software helps improve your spending
- The most common questions and concerns people have around budgeting and cash flow in a post-pandemic world
- How to navigate the housing market as prices continue to rise
- YNAB’s Four-Rule Method that transforms how you view and manage money
- How and when to give yourself permission to splurge on a big purchase, free of guilt
- Considerations around childcare costs
Like the show? There are several ways you can help!
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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
FedLoan, one of the government's biggest servicers, is ending its contract with the Department of Education in December 2021.
What does this mean for you?
Travis gives practical advice to get ahead of the problem.
We encourage you to send in your questions so we can answer them on the show: https://studentloanplanner.com/voicemail
As investing becomes increasingly popular and accessible, especially with cryptocurrency and NFTs, young adults and students are becoming more interested in making a passive income. But should you really be investing while in school? If so, what are the best ways to invest as a student?
Join Rob Bertman, CFA, CFP®, and Molly Laughter, MBA CFA, CFP®, to discuss whether or not investing while in college is a good idea, and how to approach investing, saving, and budgeting the right way.
In today’s episode, you'll find out:
- How to lower your student loans in medical school
- Benefits of investing early in life
- Pros and cons of investing as a college student
- What you need to know about compounding interest and your “time horizon”
- Easy and efficient ways to invest and the best investing platforms and apps
- How roboadvisors work – Should you use a roboadvisor?
- Why investing and stock trading could decrease your productivity and performance in school
- Tips for budgeting, saving, and leveraging credit as a student
- Why you shouldn’t use your student loans to fund investments
- Should you invest in a Roth IRA or stocks while in college?
- Our candid thoughts on Acorns and similar money-saving apps
- How to select the best types of investments that suit your goals and lifestyle
Links mentioned:
Fidelity Reviewed Which Investors Did Best and What They Found Hilarious
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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
Side hustles. Why are they getting more popular by the day? Is it worth the extra time, effort, and even money outside your primary job or business to get a side hustle? What’s the best way to start one as the economy opens back up? And how can the right side hustle serve as a great vehicle toward paying down your student loan? Listen in as consultants Molly Laughter, MBA CFA, CFP®, and Dan Rooker, CFP®, CSLP®, answer these questions and more.
In today’s episode, you'll find out:
- What exactly is a “side hustle” and the “gig economy”?
- The side hustles Molly and Dan have tried and are still doing
- Different business structures (ex. sole proprietorship, LLC, etc.) and determining the most appropriate one for your side gig
- The pros and cons of doing real estate as a side hustle
- How your student loan will be impacted if you do decide to get a side hustle
- How to know if starting a side hustle is right for you
Like the show? There are several ways you can help!
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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
Historically, the American Dream was to simply own your own home. But in this day and age, is getting out of debt the new American Dream? Our consultant takeover continues this week with Meagan Landress and Dan Rooker who unpack that very question.
They break down current attitudes—many of which came about as a result of the pandemic—toward purchasing a home, investing, and paying down different kinds of debt. SLP publicist Brittney Lynn makes a guest appearance on the show to discuss how she was able to achieve her own American Dream—paying down $50,000 in debt, leaving the corporate world, and running a location-independent business from a van alongside her husband and two dogs.
In today’s episode, you'll find out:
- Why asking, “If all things were possible, what would I do?” will bring you a big step closer to defining your American Dream
- How to pay down your three “buckets” of debt and become financially secure
- Pros to renting a home versus buying a home
- How you can become financially independent while having a mortgage
- Why you can reach your American Dream while having student loan payments
Like the show? There are several ways you can help!
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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
With Father’s Day just around the corner, Lauryn Williams sits down with Meagan Landress and Rob Bertman to offer advice to dads who are in the process of helping their kids with their student loans—whether by helping to pay them down or taking on the loan in their name altogether.
In today’s episode, you'll find out:
- When and how to take on a Parent PLUS loan
- Why you don’t need to pay extra toward your loans if you are going for forgiveness
- Why it’s more productive to look at your kids’ loans individually instead of equally
- Why parents should encourage their kids to take some responsibility for their debts
- About the impact that our consultants’ own dads had on their finances
Like the show? There are several ways you can help!
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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
Only a small number of people were approved for PSLF in the first year of eligibility; I expect the 1% acceptance rate for PSLF is the lowest we will ever see and we should look forward to an increase each year.
The media has put out quite a few clickbait headlines on PSLF while sharing plenty of inaccurate information. PSLF became a major story in 2018, but I feel despite the backlash that the program is here to stay.
Today on the Student Loan Planner® podcast, we will be discussing Public Service Loan Forgiveness (PSLF) and how the approval rate will snowball to a larger percentage in future years.
In today’s episode, you’ll find out:
- The truth about the high rejection rate for PSLF
- Whether there is a massive number of PSLF borrowers coming in the future
- Why many physicians aren’t eligible for PSLF anymore
- PSLF structural flaws that can get ironed out over time
-
Why people were mainly rejected based on these 4 factors:
-
Had loans that didn’t qualify
- Used the wrong repayment plan
- Failed to include their employer’s EIN tax number
- Failed to check a box on the form saying they were currently employed by a non-profit
For more information, visit the show notes at https://www.studentloanplanner.com/podcast-what-is-pslf-snowball
Like the show? There are several ways you can help!
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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
Join consultant Lauryn Williams, CFP®, CSLP®, as she addresses the two most common “frequent fails” around handling student loan debt and answers frequently asked questions from clients and podcast listeners. You’ll also learn more about Lauryn, her background, and how she went from Olympic medalist to financial planner.
In today’s episode, you'll find out:
- What our consultants can help you with, aside from issues related to student loans
- Why you don’t need to pay extra toward your loans if you are going for forgiveness
- How to get a student loan refund if you’ve been paying extra during the payment freeze
- What it means when interest capitalizes and why it can cost you more in the long run
- Whether you should still contribute to a 401k if your employer does not match
- How to contribute to a Roth IRA if you are married filing separately
- What happens to your current retirement plan if you leave your employer
- How much you should have saved in your emergency fund
- Lauryn’s pick for the best budgeting tool
- How to approach getting life insurance after having a baby
- The power of mindset if you’re struggling with student loan debt or monthly bills
- What to do if you’re feeling overwhelmed with your student loan debt
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
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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
In celebration of May being Asian American and Pacific Islander Heritage month, Dan Rooker, CFP®, CSLP®, and Lauryn Williams, CFP®, CSLP®, talk about the “Model Minority” Myth.
As they unpack the cultural stereotypes, they dive specifically into how certain long-held beliefs and stigmas among the Asian American community tend to lead to costly education decisions which negatively affect their student loans and career choices, and uncover what we can do as a society to bring awareness to this crucial topic.
In today’s episode, you'll find out:
- What the Model Minority myth is
- Why lumping people together into groups is dangerous territory
- The impact of stigmas, stereotypes, and cultural beliefs
- What is “tiger” parenting and how it impacts education choices
- How the pressure to conform can change your internal identity
- Why you shouldn’t feel resentment when asking for a promotion
- How to navigate leadership when you have minority-decent employees
- How the Model Minority myth impacts student loans
- Why Asian Americans are nudged into certain career paths
- Who the Model Minority myth affects
- The importance of sharing our stories and learning from others
Like the show? There are several ways you can help!
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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 much as we’re all itching to get back to normalcy in our day-to-day lives, we need to think about how we can ease back into spending on a daily basis without sabotaging the financial goals we’ve set for ourselves throughout the past year, particularly around student loans.
In today’s episode, Rob Bertman, CFA, CFP®, sits down with Lauryn Williams, CFP®, CSLP®, and Dan Rooker, CFP®, CSLP®, to discuss five steps to getting ready to spend money again in a post-pandemic world.
In today’s episode, you'll find out:
- How to transition your finances in a post-pandemic world
- The changes in saving and spending habits over the last year
- Strategies financial experts used to manage their finances
- How to prioritize your expenses as the world begins opening up
- Practical steps to achieve greater financial stability in the new normal
- How to make room for the resumption of student loan payments in October
- How to spend responsibly as your income increases
Like the show? There are several ways you can help!
- Follow on Apple Podcasts, Spotify or Google Podcasts
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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
Have the chances of student loan debt cancellation increased in recent weeks? Yes. But it isn’t that simple.
Join me as I discuss the possibility of student loan debt cancellation, what it could mean for your repayment strategy, and why I think the looming legal battle over cancellation would create chaos.
In today’s episode, you'll find out:
- Listener question: How your income impacts your IDR plan when filing taxes separately if you’re married
- Listener question: Should you pay extra on your loan if you’re on the REPAYE plan?
- My experience looking for housing in today’s market
- Why student loan refinancing interest rates are still so low
- Why there’s a high probability of student loan debt cancellation
- The reason I think student loan debt cancellation won’t actually happen
- How student loan cancellation would impact your repayment strategy
- The legal review going on right now about whether the president has the authority to cancel student loan debt
- Whether $10k or $50k will be cancelled and how it might happen
- Why I think student loan debt cancellation is a distraction from the real problem
Like the show? There are several ways you can help!
- Follow on Apple Podcasts, Spotify or Google Podcasts
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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
It’s a consultant takeover! All of the ladies of Student Loan Planner, Lauryn Williams, Meagan Landress, and Molly Laughter, are talking more about the mental health survey.
There’s more to student debt than managing the numbers, and they’re going to unpack the challenges women face when they are up against student loan debt and while navigating life in general.
In today’s episode, you'll find out:
- What is the mental health survey
- The biggest factor in mental wellness when you have student loan debt
- Why so many women borrowers have suicidal ideation because of student loans
- How occupational segregation leads to higher debt to income ratios for women
- How to purchase a home while paying down your student loans
- Why you don’t need to stay in high-paying yet unfulfilling jobs as a borrower
- Why having student loans shouldn’t hold you or your partner back from marriage
- Why the “fast and furious” approach to paying down your loans is not recommended
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
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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
Want the secret to life with student loans?
Join me as I talk with senior consultant Lauryn Williams on seven key life goals that should take priority over your student loans, whatever your circumstances in life.
That’s not to say you should let your loans go into default while going after your goals, but we don’t recommend you sacrifice your dreams because of student loans.
There is a better way!
In today’s episode, you'll find out:
- Why sacrificing your goals isn’t as effective as you might think
- Why borrowers put their life goals on the back burner
- The key to finding happiness and success in your career while having student loans
- How income-driven repayment plans can help you safely take on additional debt to get a second degree
- Why student loans shouldn’t stop you or your partner from getting married
- How to purchase a home while paying down your student loans
- How to raise a family and live a comfortable life while navigating your student loans
- Why it’s okay to start your own business or practice as a borrower
- How to live anywhere in the world even if you have student loans
Like the show? There are several ways you can help!
- Subscribe on Apple Podcasts, Spotify or Google Podcasts
- Leave an honest review on Apple Podcasts
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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 borrowers face enormous mental health challenges. Our mental health survey of student loan borrowers found that 1 out of every 14 borrowers considered suicide because of their student loans. Listen in as Student Loan Advisor and consultant Meagan Landress CSLP® and I tackle the tough topic of mental health burdens that many borrowers experience. We’re discussing the results of our survey, sharing our thoughts on the various factors that may be contributing to these issues, and our advice to borrowers who are suffering anxiety and depression due to student loans.
In today’s episode, you'll find out:
- How to manage negative thoughts around student loan debt
- Why student loan debt doesn’t make you bad or irresponsible
- Coping mechanisms to manage stress and anxiety
- What we mean when we say, “Student loan debt isn’t really ‘debt’; it’s more of an income tax”
- Why PSLF isn’t broken
- Who suffers the most under the weight of student loans
- Our thoughts on the growing problem of the number of borrowers who owe six figures in federal student loan debt
- Why a passive, long-term approach to debt can mathematically make more sense
- About the unique impact of student loan stress on women and people of color
- Common concerns borrowers have about PSLF
- What we think would need to happen to fix the student loan crisis
- Our recommended resources for those experiencing mental health issues with regard to their student loans
Like the show? There are several ways you can help!
- Subscribe on Apple Podcasts, Spotify or Google Podcasts
- Leave an honest review on Apple Podcasts
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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
Join me and special guest Christie Arkovich who has specialized in helping clients get through financial hardships since 1995. Christie was a champion of the student loan system working for Sallie Mae during the early stages of her career but came to realize that the system is broken. We talk about her work for Sallie Mae and why she “switched sides” to help borrowers navigate the many complexities of the student loan industry.
In today’s episode, you'll find out:
- How student loans used to work with government-guaranteed private lenders
- A brief history of FFEL loans and why they’re so profitable for lenders
- Why Direct Loans are the only ones getting government protection under the CARES Act
- What a student loan stimulus package might include
- What to expect on student loan forgiveness within the current administration
- How loan rehabilitation via the CARES Act could be a historic opportunity
- How COVID has accelerated total and permanent disability applications for student loans
- How to spot student loan forgiveness scams
- Why you need a student loan advocate on your side to navigate forgiveness of student loans
- Possible negative consequences for graduates of nonprofit schools applying for borrower defense to repayment
- What you need to know about statute of limitations and private student loans
- Who could benefit from the services of a student loan attorney like Christie
- Will forgiveness for income-based repayment programs eventually be tax-free
Like the show? There are several ways you can help!
- Subscribe on Apple Podcasts, Spotify or Google Podcasts
- Leave an honest review on Apple Podcasts
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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
If you’re someone with a lot of student loan debt, you’re probably more familiar with the negatives around interest rates. But borrowing money isn’t necessarily a bad thing, and interest rates are a much more interesting and important topic than you might think. I’ll break down what interest rates are, why they’ve been rising steadily in recent months, and give you some guidance on making big decisions that will impact your financial future.
In today’s episode, you'll find out:
- How interest rates are set in the economy
- The different between term premium and credit premium
- Why borrowing money costs more than paying with cash
- When it makes sense to borrow instead of saving and paying with cash
- Why student loans cost more than mortgages
- How pawn shops and payday lenders prey on the poor
- Why student loan interest rates are usually lower if you refinance
- Why interest rates don’t matter if you’re pursing PSLF or long-term forgiveness
- Why the government might focus on cancellation vs. lowering student loan interest rates
- My prediction on student loan interest rates for 2021 and 2022
Like the show? There are several ways you can help!
- Subscribe on Apple Podcasts, Spotify or Google Podcasts
- Leave an honest review on Apple Podcasts
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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
With so much conflicting information out there about the student loan crisis, it literally pays to have some healthy skepticism when asking for guidance on your specific situation. Listen in as I share the five types of groups who you should be slow to trust when it comes to their advice on your student debt.
In today’s episode, you'll find out:
- Why some businesses don’t prioritize finding you the best strategy
- When it pays to make things a little more complicated
- When double debt rules and double consolidation makes sense
- Five types of groups with hidden agendas in the student loan industry
- The reason servicers don’t give accurate or good advice on student loans
- Why Reddit isn’t the best place for student loan advice
- How to see past misleading talking points made by brands
- What happens if you refinance and you shouldn’t have
- Why a lot of debt-free advice doesn’t apply to student loans
- Why free information is rarely ever the best information
- Why you should be beware what even nonprofits and schools tell you about your debt
Like the show? There are several ways you can help!
- Subscribe on Apple Podcasts, Spotify or Google Podcasts
- Leave an honest review on Apple Podcasts
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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
The American Rescue Plan, signed into law on March 11, makes student loan forgiveness tax-free until the end of 2025. That’s a big deal for borrowers on long-term forgiveness.
I talk about the implications of this game-changing provision and addresses several potential questions and concerns from our listeners.
In today’s episode, you'll find out:
- What to know about the American Rescue Plan as it pertains to student loan debt
- Who is eligible for tax-free student loan forgiveness under this new law?
- What’s behind the misleading headline showing only 32 people qualified for forgiveness
- What this most likely temporary provision means for borrowers in the long-term
- The positives of eliminating taxes on student loan forgiveness
- Whether borrowers should expect tax-free forgiveness
- When is the right time to refinance your student loan
Like the show? There are several ways you can help!
- Subscribe on Apple Podcasts, Spotify or Google Podcasts
- Leave an honest review on Apple Podcasts
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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
Wondering what’s going on with the financial markets? I’m joined by consultants Rob Bertman CFA, CFP® and one of our newest consultants, Molly Laughter MBA, CFA, CFP® to examine whether we’re in a bubble. The three of us have a variety of experiences handling billions of investment dollars. We’re doing a technical deep dive into what is going on with the financial markets and what the investment landscape in general is currently like. And most importantly, talking about what it all means for investors and student loan borrowers.
In today’s episode, you'll find out:
- Are we in a bubble? And if so, why should you be thrilled
- Why tech have been killing it in the stock market
- What is a “special purpose acquisition company” (SPAC)
- How an automatic investment plan is a great antidote to fears of a bubble
- Is buying bonds dumb right now
- Our thoughts on robo-investing and Robinhood
- Day-trading vs long-term investing
- When you invest in an index fund, what are you actually buying
- Valuation and why it matters… or doesn’t
- Why deleveraging is always a good plan
- Should you refinance federal student loans this year?
Like the show? There are several ways you can help!
- Subscribe 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
Did someone say “tax party?” I’m joined by Lauryn, Meagan and Dan, one of our newest consultants, on the podcast to discuss taxes. We talk about 2020 taxes and things to keep in mind as 2021 unfolds, including the student loan interest deduction, best practices for your traditional or Roth IRA in 2021, how to make full use of the small business deduction, what you need to know about married filing separately versus married filing jointly and much more.
In today’s episode, you'll find out:
- Challenges presented by this year’s student loan interest deduction
- New guidance on how lump sum payments by employers might qualify for certain forgiveness programs
- What you can do with your traditional or Roth IRA before the end of the year
- The worst-case scenario if you screw up your taxes
- How to take advantage of the small business deduction
- What to know about income-driven repayment plans
- The strategy behind married filing separately versus married filing jointly
- How amended returns can potentially save you money
Like the show? There are several ways you can help!
- Subscribe on Apple Podcasts, Spotify or Google Podcasts
- Leave an honest review on Apple Podcasts
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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
When President Biden was asked at his first town hall whether he would forgive at least $50,000 of student loan debt, he quickly responded, “I will not make that happen.” The president is in support of canceling $10k for borrowers, but there’s a catch. Student Loan Planner Consultant Meagan Landress joins me to unpack why the president said what he did, what it means and what borrowers might expect in the next four years.
In today’s episode, you'll find out:
- How President Biden addresses the question of student debt
- Why President Biden isn’t behind canceling $50k of student loan debt
- How it would cost to cancel $10,000 of student loan debt for every borrower
- Who would be able to avail of student debt forgiveness under President Biden’s terms
- Why might President Biden support 0% interest rates permanently
- Why this talk around student loan reform is treating the symptoms and not the root cause
- Will your student debt be cancelled? Why or why not?
- What you can expect as an alternative if student loans are not canceled
- When it makes sense for borrowers to refinance
Like the show? There are several ways you can help!
- Subscribe 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 wonder if you made the right decision to go into the field you did?
After investing years of time and effort, along with hundreds of thousands of dollars in student loan debt, do you ask yourself “is the grass greener on the other side?”
Join me as I take a deep dive into what peak happiness might look like, how to deal with job regret and the perfect income to achieve maximum happiness as a student loan borrower.
In today’s episode, you'll find out:
- What is “the grass is greener syndrome”
- Pros and cons of physician mortgage (or doctor mortgage) loans
- How to pay down your student loan using gains from stock market training
- Whether to double-dip on the federal poverty line deduction when filing taxes separately
- The perfect income you need to earn to reach peak happiness
- Why your level of engagement at work is a huge factor in attaining your perfect income
- How to calculate your perfect income depending on your current student debt
- How to deal with job regret
- Ways to overcome unhappiness with your profession
Like the show? There are several ways you can help!
- Subscribe 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
A big focus of our podcast is maximizing loan forgiveness when you owe a lot more than you earn in student loans. But what if your income grew to a point where it would cost more if you stuck with forgiveness? Should you abandon student loan forgiveness? Join me as I discuss all you need to consider when making the decision to pay off your loan and abandon forgiveness.
In today’s episode, you'll find out:
- How much money you need to make to consider abandoning loan forgiveness
- Why you should not abandon PSLF if you have accumulated qualifying credit towards forgiveness
- Why staying on forgiveness might be the best decision even when you can pay off the loan
- The circumstances that might force you to abandon forgiveness and pay off your loan
- The revised debt to income ratio for when it makes sense to pay off your loan
- How to know when forgiveness is no longer a good option
- Why you shouldn’t take a job just because it offers student loan forgiveness
- What would be the effect of a new PAYE plan with no tax bomb
- Why you might be unlikely to get student loan forgiveness
- Why your savings rate is the most important thing when thinking about abandoning forgiveness
- The reason why you should take the 20-year REPAYE plan if you go for repayment
- Why Biden’s student debt cancellation promise might not happen
Full show notes at: http://studentloanplanner.com/116
Like the show? There are several ways you can help!
- Subscribe on Apple Podcasts, Spotify or Google Podcasts
- Leave an honest review on Apple Podcasts
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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
What do student loans have in common with the Budweiser Clydesdales? You know, those massive and powerful bay-colored draught horses that you see in Bud advertisements?
Forgive the analogy, but you are a Clydesdale. You have more power than you think to steer your professional and, yes, financial destiny.
Join me as I make the case that you may be underestimating your ability to handle the load of student loan debt by discussing why our student loan system is, literally, an income tax you can buy your way out of.
In today’s episode, you'll find out:
- When to certify your income for forgiveness
- Why you should consider amending tax returns if you’re married
- The best time to apply for the PSLF benefit
- The definition of full-time work for PSLF purposes
- Why the best time to get student loan help is as soon as possible
- What to do if married couples with student loans can’t afford to file tax returns separately
- Looking at federal student loans as an income tax that you can buy your way out of
- Why moving from California to Nevada can practically cancel your student loans
- Why the student loan payment and interest pause is unnecessary for 95% of grad students
Full show notes at: http://studentloanplanner.com/115
Like the show? There are several ways you can help!
- Subscribe 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
President Biden extended the student loan interest and payment freeze for federal student loans on the first day of his presidency.
Find out what the freeze means and how you may be affected by it.
I’ll also talk about the long- and short-term implications of refinancing your student loans in this environment and if you should take advantage of the low interest rates and break down the student loan legislation we might see from the Biden administration in the future.
In today’s episode, you'll find out:
- When your next student loan payment might be do
- How long the student loan interest and payment freeze will last
- What I think it means for the Biden administration’s stance on student loans
- What the post-election path forward looks like for Republicans
- The fate of the eviction moratorium
- Details about President Biden’s February infrastructure bill
- What you need to know about Biden’s student loan interest payment suspension
- Why I don’t think Biden will cancel more than $10,000 of student loan debt
- Which loans got left out of the student loan interest freeze
- How much the interest freeze will cost
- When refinancing your student loans makes sense
- The implications of refinancing student loans in the current environment
- Student loan legislation and future bills and reform we might see
Full show notes at: http://studentloanplanner.com/114
Like the show? There are several ways you can help!
- Subscribe 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
After navigating the system and successfully applying for financial aid, New York Times columnist, personal finance expert and author, Ron Lieber made it his life’s mission to demystify the complexity and help students and their families discover smart ways that they can “beat the system” to get the best value at a reasonable cost. We also discuss his book, The Price You Pay for College, that was released today.
In today’s episode, you'll find out:
- How colleges financially take advantage of incoming college students
- The one hack Lieber says you need to pay less for college
- How to ask for a financial aid appeal to get more money for college
- How financial aid is disproportionately disadvantages low-income students and people of color
- What is merit aid and how did it become so popular at colleges
- Why state universities have honors colleges
- Whether an honors college is worth it
- Why using adjuncts and non-tenured positions don’t lower tuition costs
- What is ‘administrative blot’ and why it’s good for students
- How college choice impacts the person your marry
- Why Lieber doesn't think the tax bomb is going to be as big as you think
- The reason Lieber thinks raising federal borrowing limits can help borrowers
- Why you should assume your servicer will screw up the reinstatement of your loan payment
- What Lieber predicts will happen to student loans in a Biden administration
- Where to get a copy of Lieber’s new book, The Price You Pay for College
Full show notes at: http://studentloanplanner.com/113
Like the show? There are several ways you can help!
- Subscribe on Apple Podcasts, Spotify or Google Podcasts
- Leave an honest review on Apple Podcasts
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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
It’s no secret that student loan debt affects people’s lives — and not in a good way. The ever-increasing student loan debt is a major cause of frustration and stress for many college graduates in America. Why is that? Who benefits from student loan complexity? Join me as I discuss why you need to know the complexity behind student loans and who are the biggest beneficiaries.
In today’s episode, you'll find out:
- Why you need to know the complexity behind student loans
- How student loan complexity can benefit borrowers
- Why student loans are as complex as they are
- When the student loan interest rate is irrelevant
- How borrowers overestimate the accumulated interest
- Why student loan interest isn’t the real problem - and what is
- How knowing the rules can give you control over your student debt
- The myth that says you can’t control your own future
- How your student loan balance grows with capitalized interest
- How forbearance can double your student loan balance every 10 years
- The one-step plan to making sure your debt doesn’t stress you out anymore
- Why student loan debt cancellation will never happen
- How dental service organizations profit off the high cost of education
- The way banks profit off the system by offering private student loans
- The role of loan servicers in student loan complexity
- Why student loans don’t have to be scary or frustrating and what to do about it
Full show notes at: http://studentloanplanner.com/112
Like the show? There are several ways you can help!
- Subscribe on Apple Podcasts, Spotify or Google Podcasts
- Leave an honest review on Apple Podcasts
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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
2020 was a strange and unprecedented year for the entire world. But especially for the United States, it seemed like everything that could go wrong went wrong in 2020. And though we have been thoroughly tested, we remain hopeful for a better future. So how can we invest wisely and create wealth despite the commotion in the world around us?
In today’s episode, you'll find out:
- If you would have known what would happen, what would you have done differently in 2020?
- How the Dow Jones performed in lockdown
- Why successful stock traders often get things wrong
- What is momentum investing
- Why past investment performance doesn’t predict future results
- How undervalued stocks impact investing strategies
- How interest rates can influence the companies you invest in
- The role of risk in investing
- How to balance high growth with the potential of high risk
Full show notes at: http://studentloanplanner.com/111
Links mentioned: Six-Figure Debt to Six-Figure Income
Like the show? There are several ways you can help!
- Subscribe on Apple Podcasts, Spotify or Google Podcasts
- Leave an honest review on Apple Podcasts
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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
More than half of college attendees in the US take out student loans. Imagine saving your kids from the financial burden of student loans without being super-rich. It’s possible with a 529 plan. In this episode, I talk about 529 plans, how they work and why they’re a smart way to save for you kids’ college education.
In today’s episode, you'll find out:
- What a 529 plan is
- The two types of 529 plans to consider
- How to save your kids from the burden of student loans
- How much to save each month to pay for your kids’ college
- What is a UTMA/UGMA account
- What tax benefits come with saving with a 529 plan
- Tax penalties to watch out for with a 529 plan
- What happens to the money if your kid doesn’t go to college
- What is the rule of 72 and how it can double your savings
- Which states allow you to open a 529 plan anywhere
- What to do before opening a 529 plan
Full show notes at: http://studentloanplanner.com/110
Like the show? There are several ways you can help!
- Subscribe 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
We’ve created over 5,000 custom student loan repayment strategies for clients. In this episode, I’m sharing the best repayment tips by occupation. Find out what most borrowers in your profession do with their student loans and how best to pay them off.
In today’s episode, you'll find out:
- The one repayment strategy people don’t talk about
- The best student loan tip for physicians
- How filing taxes can save you money on student loans
- Why dentist student loan debt varies so much
- How to make the most money as a veterinarian
- What’s the best student loan strategy for lawyers
- Which colleges I think are the most deceptive
- Why forgiveness makes sense for chiropractors
- The one forgiveness program teachers shouldn’t use
- Why psychologists should go after forgiveness
- How physical therapists should repay their loans
- Student loan tips for optometrists, social workers and more
Full show notes at: http://studentloanplanner.com/109
Like the show? There are several ways you can help!
- Subscribe 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
One of the most critical decisions you have to make as a student loan borrower is where to live and work. Join me as I talk about how the location you choose greatly influences your income, your costs and the opportunities available to you for paying back your student loans. The key is to optimize your loan plan for what you want and design your student loans around your life goals.
In today’s episode, you'll find out:
- How location impacts whether you should refinance
- The best cities for student loan forgiveness
- Why living in a big city could cap your income potential
- Common traits of healthcare professionals earning over $600k
- Costs that impact profit when you open your own practice
- How rural areas can increase employee loyalty in your practice
- Why you can charge more when there’s little competition
- Whether you should refinance your loans or pursue forgiveness
- Factors besides student loans that can influence where you chose to live
- The key to optimizing your loans for what you want
How to design your student loans around your life
Full show notes at: http://studentloanplanner.com/108
Like the show? There are several ways you can help!
- Subscribe 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
It doesn't matter how good you are with the sword if you are up against an artillery of guns and other munitions. In the same way, you cannot approach your student loan debt the same way your 60-year-old uncle or your parents approached it. Here’s how to take advantage of the new weapons in the war on student loan debt.
In today’s episode, you'll find out:
- How WWI compares to student loan debt today
- How to make big money as a professional
- The argument against “suck it up and pay your student debt”
- The big jump in dental school tuition that’s 55x more than in 1978
- Why big incomes aren’t worth the sacrifice
- Why educational leaders hike up graduate tuition
- How regulation could stabilize higher education
- When to know if you should refinance
- How the refinancing ladder works
- Where to find the best refinancing bonuses
- Why forgiveness is a great strategy for borrowers with high debt
- How much to save if you want to have a comfortable retirement
- The many strategies, or new weapons, to tackle student loans
Full show notes at: http://studentloanplanner.com/107
Like the show? There are several ways you can help!
- Subscribe 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
Lots of topics to cover in this episode - I answer reader questions about student loan repayment and the best strategies for dental specialists.
We also dive into what I think about the chance of Biden forgiving student loan debt and what that could mean for your taxes, and we have an interview with Justin Sloan, CFA, CFP, about asset allocation and the best way to save for retirement.
In today’s episode, you'll find out:
- Why dental specialists have higher student loan debt than other borrowers
- How to handle student loan repayment during residency
- What to do if you didn’t file a tax return because you had $0 income
- How to make a $0 monthly payment on your student loans during residency
- Whether REPAYE or PAYE makes more sense for repayment
- What to do about accrued interest on your student loans
- When paying extra on your student loans is like throwing money away
- Why it doesn’t make sense to pay extra toward accrued interest
- Will Biden cancel some student loan debt
- Can student debt cancellation be done legislatively
- What happens if Biden issues an executive order canceling student loan debt
- Why canceled student loan debt could cost you more money
- How to best save for retirement
- The importance of asset allocation and diversifying your savings vehicles
- Why your 401k isn’t enough
- How to get financial flexibility when preparing for retirement
Full show notes at: http://studentloanplanner.com/106
Like the show? There are several ways you can help!
- Subscribe 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
Your student loan balance at the end of your program can balloon more than you thought you’d end up with. Find out how that happens, why I think America’s first $700,000 dental degree is worth it and why your student loan debt doesn’t matter as much as you think.
In today’s episode, you'll find out:
- The hidden cost of higher education
- How tuition inflation impacts students
- How much accrued interest adds to your loan
- Why your loans balloon so much while you’re in school
- How to calculate tuition inflation using the Wayback Machine
- Lies admissions counselors tell you to convince you to enroll
- How NYU can charge $700,000 for a 4-year DDS degree
- Why expensive law schools, medical schools, dental schools and other professional degree programs cost so much
- How your student loan payment can be the same for $700k and $200k of debt
- When to look at student loan debt as a tax instead of a debt
- Why I think the tax bomb will disappear in a few years
Loopholes to maximize IDR plans and pay 5% of your income
Full show notes at: http://studentloanplanner.com/105
Like the show? There are several ways you can help!
- Subscribe 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
If you’re facing a potential salary decrease due to decreasing insurance reimbursement rates, you can start to worry about paying your student loans. In this episode, I talk about steps to take to mitigate the impact and what you can do if you’re in this situation. I also cover lessons you can learn about managing your student loans from Trump’s finances.
Find out how to lower your tax liability and save money on your student loans using lessons from Trump’s tax records.
In today’s episode, you'll find out:
- How Medicare reimbursement decreases can impact salaries in healthcare
- The ripple effect of reimbursement cuts on student loan payments
- How to deal with salary cuts when you have student loan debt
- Why I think the tax bomb won’t be a problem because it won’t be collectible
- How healthcare business owners might be impacted by reimbursement decreases
- Lessons from Trump’s finances as reported by the New York Times
- How to reduce your tax liability when the tax bomb comes due
- Why real estate is a great strategy to lower your tax liability
- How to get out of paying taxes on the forgiven balance of your student loans
- The benefits of tax-loss harvesting
- How to use retirement contributions to lower your tax bill
- Strategies business-owners can use to decrease their tax liability
Full show notes at: http://studentloanplanner.com/104
Like the show? There are several ways you can help!
- Subscribe 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
Each state is working to certify the official election results, but we have an apparent winner in President-Elect Joe Biden. Given the history of Obama-Biden student loan policies, it’s likely that we’ll see some progressive changes that could affect the future of student loans.
Here are seven things that a Biden administration may try to achieve, and my thoughts on how that could affect the treatment of student loan debt going forward.
In today’s episode, you'll find out:
- What a Biden administration could mean for the future student loans
- Why Biden might make applying for bankruptcy for student loans easier, and why it doesn’t matter
- What forgiveness might look like under Biden’s plan for borrowers
- What a compromised forgiveness expansion might look like
- Why reducing IDR payments could be bad for everybody
- How the REPAYE program was born and what that could mean for student loan reform
- How increasing Pell Grants could be a big win for working class or lower-income families
- Why eliminating the tax bomb likely won’t happen in the next 4 years
- How making college free would cause the cost of tuition to skyrocket
- Why I think Biden’s team grossly underestimated the cost of their student loan plan
- Will Trump extend the student loan interest and payment freeze
- When you should refinance your federal loans
- Whether you should refinance even if your interest is 0%
Full show notes at: http://studentloanplanner.com/103
Like the show? There are several ways you can help!
- Subscribe 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
People love retirement accounts.
If I had a dollar for every time someone got excited about contributing to their backdoor Roth IRA, I would probably be a millionaire.
While it’s great energy to have, it’s not that important to your long-term financial future. In this episode, I share my thoughts on why your retirement accounts don’t matter nearly as much as you think.
In today’s episode, you'll find out:
- Reader question: Are student loan repayment grants worth it?
- Reader question: Two key differences in employer student loan programs
- Reader question: Can you prepay or make lump sum payments for PSLF?
- Why backdoor Roth IRAs aren’t as great as you think
- My shocking confession about backdoor Roth IRAs
- When retirement accounts actually DO matter
- Why age 50 is a key milestone in your retirement plans
- Why retirement accounts can’t help you if you want (or need) to retire early
- How to use a brokerage account as a financial safety net
- What to do if you want to be financially independent
- How low-income individuals can reach early retirement
- Why you shouldn’t optimize every financial decision
Full show notes at: http://studentloanplanner.com/102
Links mentioned:
StudentAid.gov PSLF guidelines
Physician on Fire guide to backdoor Roth IRAs
Like the show? There are several ways you can help!
- Subscribe 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
With the election looming, we’re all anxious about what might happen. And with that, a public service announcement: If you haven’t voted, please go vote! Regardless of who wins, there are risks to your finances post-election. I’m sharing the five biggest risks that you should pay attention to - and how to overcome them - once the election season is over.
In today’s episode, you'll find out:
- How candidate policy changes could impact your finances
- Why you shouldn’t worry about finishing your education
- How going back to school can help you financially
- How professional credentials can boost your career
- Why getting more education is key to financial success
- Why inflation might not be a bad thing
- How to know if now is a good time to buy a house
- How to use low inflation to your advantage as a renter
- What might be coming down the pipe for student loan reform
- Why I think the tax bomb will go away in the next four years
- When to refinance no matter what happens with the election
- Why financial setbacks won’t matter that much in 2021
- How to make better decisions to minimize the financial impact of political leaders
Full show notes at: http://studentloanplanner.com/101
Like the show? There are several ways you can help!
- Subscribe 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
For this milestone 100th episode, I’m joined by all four consultants. Because we’re just one week away from the election, I’m talking with them about the election and what we expect could happen to your student loans regardless of who wins the 2020 presidential election.
In this episode, you'll find out:
- A recap of Travis’ paternity leave
- Travis’ preferred brand of diapers for his new baby
- The difference between a “trip” and “vacation” when you’re a parent
- The probability of there being a “blue sweep”
- How the Biden plan could impact student loans going forward
- Bipartisan support that we’ve seen during stimulus discussions
- How long we think the payment and interest freeze can last
- Will the consultants get a COVID vaccine when it’s released
- The impact of inflation of your financial life and spending plans
- The role of gambling and trading cards in the pandemic
Full show notes at: http://studentloanplanner.com/100
Like the show? There are several ways you can help!
- Subscribe 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
Justin Harvey, CFP®, and Rob Bertman, CFA, CFP®, explore income-driven repayment (IDR) plans, how each can affect your financial future, and strategies to help you maximize your student loan repayment and keep more money in your pocket.
In today’s episode, you'll find out:
- What the IDR payment cap is and what plans have one
- Which IDR plans are best for physicians and other high-earning professionals
- How the Standard Repayment Plan can factor into your IDR plan
- Which plan is best if you expect a big jump in income
- The two main strategies you need to pay off student loans
- When it makes sense to refinance
- When it’s okay for your student loan balance to grow over time
- When you should - and shouldn’t - pay extra on your loans
- What percentage of income each IDR plan uses for their monthly payment
- How long taxable forgiveness takes
- The impact of spousal income on student loan payments
Full show notes at: http://studentloanplanner.com/99
Like the show? There are several ways you can help!
- Subscribe on Apple Podcasts, Spotify or Google Podcasts
- Leave an honest review on Apple Podcasts
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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
Is there anything scarier than student loans? With Halloween just around the corner, student loan experts Lauryn Williams and Meagan Landress share scary updates from 2020 and terrifying student loan stories.
In today’s episode, you'll find out:
- An update on student loan changes so far this year
- If student loan payments will be suspended after December 31
- Should you recertify your income-driven plan before the end of the year
- Why recertifying your income now could be a smart strategy
- What to do if your mortgage broker won’t qualify you for a mortgage
- How to handle student loans if you think bankruptcy is your only choice
- What happens if you pass away with a student loan balance
- Can disabled veterans have student debt discharged
- What to do if you have FFEL loans and want to qualify for PSLF
- How to figure out how long you’ve been in an income-driven plan
Full show notes at http://studentloanplanner.com/98
Like the show? There are several ways you can help! Subscribe on Apple Podcasts, Spotify or Google Podcasts
- Leave an honest review on Apple Podcasts
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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
We have seen a lot of changes to the student loan system over the last few months. The Student Loan Planner team of consultants - Meagan Landress, Lauryn Williams, Justin Harvey, and Rob Bertman - are following the changes to keep you up to date. In this episode, they’re answering your questions to give you the low-down on student loans.
In today’s episode, you'll find out:
- How your payments are calculated if your income goes up
- How a partial financial hardship factors into your payments
- Can your servicer kick you off an income-driven repayment plan
- Pros and cons of employer student loan benefit packages
- Whether student loans can be discharged in bankruptcy
- How to take advantage of student loan relief
- Should you consolidate your FFEL loans
- How to lower your student loan payments if you’re struggling to pay
- Will schools lower tuition because of virtual classes
Full show notes at http://studentloanplanner.com/97
Like the show? There are several ways you can help! Subscribe 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 consultants Rob Bertman and Meagan Landress share their best tips to find balance with budgeting, saving, investing, and paying off debt without sacrificing your quality of life.
In today’s episode, you'll find out:
- The right balance between paying off debt and saving for the future
- The one thing you need to set yourself up for financial independence
- Why Landress thinks zero-based budgeting is exhausting and what she does instead
- Bertman’s 3-step process to setting up the perfect budget
- Strategies to realistically reduce how much you spend each month
- Why experimenting with budgeting methods can help you long-term
- How to find balance with your finances as a couple
- Should you take savings out of the bank to pay off your credit card debt
- How to prioritize your private student loans with income-driven repayment options
Full show notes at: http://studentloanplanner.com/96
Like the show? There are several ways you can help!
- Subscribe 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
Physicians often ignore their student loan debt because so much of their brain space and emotional energy is dedicated to their vocation of medicine. In this episode, Student Loan Planner consultants Lauryn Williams and Justin Harvey explore unique student loan considerations and strategies for physicians.
In today’s episode, you'll find out:
- An inside look at Justin and Lauryn’s personal lives
- How Justin and Lauryn each met their spouses
- Mental health challenges and compartmentalization physicians face
- Why it’s bad advice to ignore student loan debt during residency
- Specific strategies to get in front of student loan debt during residency
- How a student loan consult during residency saved one physician $80k
- Considerations anesthesiologists must face when choosing employment
- When working at a hospital might not qualify an anesthesiologist for PSLF
- Why it might make sense to refinance your physician student loans
- Why mental health matters in your student loan repayment plan
- The importance of “following the money” for financial advice
Full show notes at: http://studentloanplanner.com/95
Like the show? There are several ways you can help!
- Subscribe 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
With Travis on paternity leave, the consultants are taking over the Student Loan Planner Podcast.
All four consultants come together to share the good, the bad, and the ugly about student loans and your personal finances.
In today’s episode, you'll find out:
- Who are the Student Loan Planner consultants
- How to make a career change when you have student loans
- How bad advice from a friend cheated a client out of qualifying for PSLF
- Sometimes letting your balance grow over time makes sense
- How to pivot your student loan plan as your life changes
- The importance of keeping your options open
- Why every married couple in a community property state needs a consult
- Why you need to invest in yourself to accomplish financial goals
- How living abroad can erase your monthly student loan payment
Full show notes at: http://studentloanplanner.com/94
Like the show? There are several ways you can help!
- Subscribe 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
If you’re frustrated with your job and dreaming about making a change, this episode is for you. I’ll show you the 3 traits you need to learn to love your job. And if you can’t? That’s okay because we’ll talk about the steps you can take to leave your job and do something you love.
In today’s episode, you'll find out:
- How to boost your happiness long term instead of just temporarily
- How to find gratitude despite student loan debt
- Why comparison is the thief of joy
- Why you shouldn’t worry about imposter syndrome
- How to feel capable of achieving your goals despite your loans
- Why I left my job in corporate America
- Steps you need to take to make a change in your career
- Why you need money even though it can’t make you happy
- Why it’s okay to go back to school and get a different degree
- Why you can pursue your passion when you have student loan debt
Full show notes at: http://studentloanplanner.com/93
Like the show? There are several ways you can help!
- Subscribe 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
The pandemic has brought a significant amount of stress into our lives. For borrowers already feeling pressure because of high student debt balances, this might be the breaking point. Which professions regret their career the most? And is it because of the pandemic or because of student loan debt? I reveal what our listeners say are the best and worst jobs during the pandemic.
In today’s episode, you'll find out:
“Career regret” survey results from 3,000 professionals
Why 3x as many people regret their career because of student loan debt
Who has the biggest career regret because of coronavirus
The best jobs to have during the pandemic
Which profession wishes they could get a “do over” because of student loans
The key factors that make careers more pleasant during the pandemic
The best profession for not worrying about student debt
Religious workers can now qualify for PSLF
Real quotes from listeners about job satisfaction
Why PTs aren’t respected as being a doctor
The 2 clear paths to student loan repayment for physicians
What to do if you’re unhappy in your career
Full show notes at: http://studentloanplanner.com/92
Links mentioned:
- Leave me a voicemail and your question could be featured on our show
- Faith leaders now eligible for PSLF
Like the show? There are several ways you can help!
- Subscribe 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
From the perspective of what you’ll have to pay on your student loans, the worst that can happen isn’t any different than being a resident of California or New York City. Student loans aren’t a debt sentence. If you have a plan in place, life can be pretty good with student loans. I explain why student loans are like a tax, and also answer a few listener questions about student loans.
In today’s episode, you'll find out:
- Listener question: Should you take out the max student loans this year?
- Listener question: How to refinance as an international student?
- The wage gap between college graduates and non-college graduates
- Why college demand has gone up in the last 10 years
- How the federal government is driving up the cost of education
- How the cost of living in California and NYC is the same as paying on student loans
- Why I think the tax bomb will be eliminated someday
- How someone with $250,000 in student loans is better off than someone who’s mom or dad paid for their education completely
- Why your student loan debt is like a tax and not a debt
Full show notes at: http://studentloanplanner.com/91
Links mentioned:
- Refinance your student loan
- Submit your question to Student Loan Planner
Like the show? There are several ways you can help!
- Subscribe 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
In addition to Joe Biden announcing Kamala Harris as his running mate, President Trump issued a student loan order. Trump’s order extended some of the relief of the CARES Act but it also comes with some confusion.
In this episode, I’m giving a rundown of the impact it could have and what the order means for you.
In today’s episode, you'll find out:
- Overview of recent events in Washington, DC
- What Kamala Harris thinks about student loans
- Which programs Harris thinks should be expanded
- What I think will happen to student loans if Biden wins
- Why Trump’s student loan order might not be legal
- Why economic hardship deferment matters when the CARES Act ends
- The truth about whether payments will resume in October
- How the suspended payments work under Trump’s student loan order
- Whether the months after September 30th count toward forgiveness
- What happens to borrowers in default
- My advice on what you should do based on Trump’s student loan order
Full show notes at: http://studentloanplanner.com/90
Like the show? There are several ways you can help!
- Subscribe 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
Knowing how to handle your student loans is only part of the equation. You must also know how to invest so that, one day, you’ll have so much net worth that having student loans is irrelevant.
Join me as I go through several listener-submitted questions about how to invest with student loans, and how the pandemic recession might impact your strategy.
In today’s episode, you'll find out:
- What to do if you don’t have access to a 401k or 403b
- When I don’t recommend becoming a landlord
- My advice for a side hustle for extra income
- What to do if you get a big windfall
- The most important metric to consider before investing
- How to read a mutual fund fact sheet
- Why the investment returns don’t matter
- The best way to invest for your child’s education
- How pandemic recession investing compares to investing during the Spanish Flu and the Great Depression
- Why does the stock market not reflect the current economy
- Can dentists rely on their private practice as their retirement plan?
- How to manage your investments when the tax bomb comes due
Full show notes at: http://studentloanplanner.com/89
Links mentioned:
- Buckingham Wealth Management
- Student Loan Planner Financial Resources
- Interview with Tom Bodin, CFA, CFP®
- Betterment
Like the show? There are several ways you can help!
- Subscribe 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
Changing jobs can lead to more than changes in your income. It could disqualify you from PSLF. But what if you’re in a job that makes you unhappy? Should you stay? In this episode, I answer those questions and more to help you decide if moving to the private sector is worth it.
In today’s episode, you'll find out:
- What to do if you feel trapped in your public sector job
- When is staying with a not-for-profit the best choice
- How to decide if abandoning PSLF is a financially sound decision
- The value of a 401k match, paid time off, and health insurance in your decision
- How much more you need to earn to make up for the loss of PSLF
- Whether you can switch back to the public sector and return to PSLF
- The difference in value for PSLF between low- and high-income earners
- Should you stay with a not-for-profit or open up your own private practice
- The rule of thumb I use to compare the value of PSLF in your career
- What to do if you’re on the fence about switching from PSLF to taxable forgiveness
Full show notes at: http://studentloanplanner.com/88
Like the show? There are several ways you can help! Subscribe 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
Investing is a crucial part of building long-term financial stability. Even if you have student loan debt that tops $500,000 or more, here’s a look at how our flagship course, Six Figure Debt to Six Figure Net Worth, can teach you to invest and transform your life.
In today’s episode, you'll find out:
- Why you should be investing even with student loan debt
- What you’ll learn in our Six Figure Debt to Six Figure Net Worth course
- Why the stock market crashed 30% when the pandemic hit
- What the Fed did to help the market rebound so quickly
- Why the stock market is strong despite the growing pandemic
- What’s the best thing to invest in for long-term growth
- How to choose which fund to put your money in
- The story behind market capitalization weighted investing
- How tax loss harvesting can save you big money
- Why the order of your actions matters for building wealth
- Why it doesn’t matter if student loan forgiveness happens or not
- How to define your goal of financial security
- How to sign up for the Six Figure Debt to Six Figure Net Worth course
Full show notes at: http://studentloanplanner.com/87
Links mentioned:
- Six Figure Debt to Six Figure Net Worth
Like the show? There are several ways you can help! Subscribe 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
Dr. Carrie Jurney joins me in this episode to talk about mental health challenges of veterinary professionals. She is the board president of Not One More Vet, Inc, which is the largest profession-specific mental health advocacy organization that I’m aware of, and helps to foster a community of over 25,000 veterinarians, support staff, and vet students to promote better mental health and self care.
In today’s episode, you'll find out:
- Why compassion fatigue is a real issue
- How Not One More Vet got its start
- Why being a vet is more than playing with dogs and cats all day
- The importance of community among veterinary professionals
- Why “working harder” won’t fix compassion fatigue or burnout
- How to recognize if someone you love is struggling mentally
- The role of student loans in psychologic distress
- Why younger vets are at higher risk of decreased well-being
- What drives the cost of veterinary care up
- How cyberbullying starts among vet professionals
- How to find mental health support as a veterinary professional
Full show notes at: http://studentloanplanner.com/86
Links mentioned:
- Not One More Vet
- The Social DVM
- American Medical Veterinary Association
- BetterHelp
Like the show? There are several ways you can help! Subscribe 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
Big changes are coming to student loan servicers and I’m talking about what it means for your bottom line, your life, and your anxiety levels. I’ll give you a rundown of who the new servicers are and my predictions on what will happen when they take over.
I also answer listener questions about PSLF payment caps, 1099 vs W2 earnings, and what happens to your credit score after student loan forgiveness.
In today’s episode, you'll find out:
- The federal student loan program pre-2010
- How the direct student loan system works now
- Why the government outsources student loan servicing
- My thoughts on the effectiveness of current student loan servicers
- A rundown of the five new student loan servicers
- Why I think hiring new servicers will be a disaster
- What’s contributing to the ‘perfect storm’ in student loans
- Why I think the CARES Act payment suspension will be extended
- What to do to prepare for a servicer switch if you’re pursuing PSLF
- How to prepare if you’re not pursuing PSLF
- Why having a student loan plan in place now will make the transition easier
- My advice on why you shouldn’t panic
Full show notes at: http://studentloanplanner.com/85
Links mentioned:
- Get a student loan plan
- Book a follow-up consult for existing clients
Like the show? There are several ways you can help!
- Subscribe 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
Nicole Hatcher is a physician assistant and the personal finance expert behind Frugal Chic Life. She shares her story of becoming a PA and her experiences with racism and bias as a professional. We also talk about degree creep as a hurdle for Black people getting a college education and how to make healthcare professions more accessible to minorities.
In today’s episode, you'll find out:
- Why Nicole chose to go into the medical field
- Why she decided to become a PA instead of a doctor
- The ways being a PA is more flexible than being a doctor
- Where the PA profession got its start
- How much PA school costs
- The average student debt of a PA
- The earning potential of a PA right out of school
- How systemic racism shows up in healthcare
- Nicole’s experiences with racism as a professional
- How degree creep is widening the racial wealth gap
- How Nicole is promoting financial literacy
Full show notes at: http://studentloanplanner.com/84
Like the show? There are several ways you can help!
- Subscribe on Apple Podcasts, Stitcher, Spotify or TuneIn.
- 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
The student loan interest freeze is set to expire on September 30. Even if Congress passes a bill to extend the relief, you’ll have to start repaying your loans eventually. But there’s an election coming that could change the future of student loan refinancing.
Join me as I talk about what refinancing might look like after the pandemic and how the election could impact your decision to refinance your federal loans.
In today’s episode, you'll find out:
- Why common student loan repayment strategy is bad advice
- 3 criteria you must meet before refinancing your student loans
- My thoughts on whether Congress will extend the student loan payment freeze
- Why you should wait to refinance federal loans
- How to get the best interest rate now if you want to refinance later
- The impact of Biden’s plan vs. Trump’s plan on student loan refinancing
- Why your student loan debt is not a death sentence
- Plus, answers to listener’s questions about student loan repayment
Full show notes at: http://studentloanplanner.com/83
Like the show? There are several ways you can help!
- Subscribe 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
Lauryn Williams, CFP, CSLP, shares why investing in real estate might be more work than you think, how to grow passive income streams with alternative investments and tips for student loan borrowers that want to invest in real estate.
In today’s episode, you'll find out:
- How Lauryn became an accidental landlord
- What she learned about owning a rental property
- Costs people forget to include in the rental price
- Lauryn’s bad experience with selling her rental home
- What return Lauryn got in 16 years of being a landlord
- Why people are drawn to investing in real estate
- The best way to grow your net worth according to Lauryn
- Whether student loan borrowers should invest in real estate
Full show notes at: http://studentloanplanner.com/82
Links mentioned:
• Coach Carson
• Bigger Pockets
• Passive Income M.D.
• Semi-Retired M.D.
Like the show? There are several ways you can help!
- Subscribe on Apple Podcasts, Stitcher, Spotify or TuneIn.
- 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
Meagan Landress, CSLP and owner of Financial Coach Meagan, shares the best way to plan for the cost of undergrad and grad school, the importance of understanding how the federal student loan system works, and why you don’t have to feel embarrassed or sad about how much you borrow.
In today’s episode, you'll find out:
- Meagan’s advice to find the true cost of attendance
- What loans you can get for undergraduate school
- How your dependency status impacts your borrowing limit
- Meagan’s thoughts about when to take out a private student loan
- Where to go to find scholarships to help pay for college
- How your parents can retire 2 years earlier
- How paying for grad school is different from an undergrad degree
- How your payment can be the same no matter how much you borrow
- Why a pre-debt plan can save you 5 and 6 figures
Full show notes at: http://studentloanplanner.com/81
Links mentioned:
- The Scholarship System
- Pre-Debt Student Loan Consultation
Like the show? There are several ways you can help!
- Subscribe on Apple Podcasts, Stitcher, Spotify or TuneIn.
- 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
Lauryn Williams, CFP®, is one of our student loan consultants and the owner of financial planning firm Worth Winning. In this episode, we talk about the racial wealth gap, the impact it has on communities of color, and how black people are disproportionately impacted by student loan debt. Williams also shares her thoughts about how to make the financial industry more welcoming to black communities.
In today’s episode, you'll find out:
- Who Lauryn Williams is
- How Williams became aware of race and gender
- What it’s like to be a black woman in the financial industry
- What the racial wealth gap is
- Why there’s a gap in student loan borrowing between races
- Williams advice on how to closing the racial wealth gap
- What you can do to be more welcoming to people of color
Full show notes at: http://studentloanplanner.com/80
Like the show? There are several ways you can help!
- Subscribe on Apple Podcasts, Stitcher, Spotify or TuneIn.
- 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
Many student loan borrowers struggle with their mental health. If you’ve ever felt stress, anxiety or worry about your student loan debt, you’re not alone.
Student loan debt shouldn’t stop you from living your best life. I can’t wave a magic wand and make it all go away but, in this episode, I share some tools to help.
In today’s episode, you'll find out:
- Results of our recent student loan mental health study
- Why 90% of our listeners have severe student loan anxiety
- The top 6 things borrowers worry about because of their student loans
- Why borrowers are more stressed about student loans than COVID-19
- How to change your outlook on student loans to reach financial milestones
- Why student loan interest doesn’t matter
- Why I don’t think forgiveness will go away
- How to buy a house with student loan debt
- Why you shouldn’t wait to have kids because of student loans
- My thoughts on what the next stimulus bill will include
Full show notes at: http://studentloanplanner.com/79
Like the show? There are several ways you can help!
- Subscribe on Apple Podcasts, Stitcher, Spotify or TuneIn.
- 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
One of the weirdest student loan repayment loopholes that I know of is the double debt loophole. It only works for married couples, but it can change the way you think about your student loan debt. In this episode, I talk about that and 7 other loopholes we use to save you money on your student loans.
In today’s episode, you'll find out:
- What is the double debt loophole and how does it work
- Why the loophole doesn’t work with all repayment plans
- Examples of the double debt loophole in action
- The #1 thing I tell our consultants about student loan planning
- Why federal student loan interest will be so low for fall 2020 and spring 2021
- The 7 other loopholes our consultants use to lower your monthly payment
- How to know if you need a professional to analyze your student loans
Full show notes at: http://studentloanplanner.com/78
Like the show? There are several ways you can help!
- Subscribe on Apple Podcasts, Stitcher, Spotify or TuneIn
- 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 practice owners struggle to get through this tough time, I sat down with Tom Bodin, CFA, CFP®, and a Practice Integration Advisor for Buckingham Strategic Wealth.
He shares how business owners can best address financial planning amid the pandemic.
In this episode, you'll find out:
- How Bodin’s background in legislative analysis helps his financial planning clients
- Roadblocks dentists, optometrists, veterinarians, and lawyers are facing because of COVID-19
- Best ways to maximize tax savings to lower your AGI
- How practice owners can put away six-figures for retirement annually
- The importance of a cash balance plan in practice ownership
- Cash preservation techniques for business owners
- How wealth planning can help even if you’re just thinking about a practice purchase
Full show notes at: http://studentloanplanner.com/77
Like the show? There are several ways you can help!
- Subscribe on Apple Podcasts, Stitcher, Spotify or TuneIn.
- 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
Most financial experts are telling you to pay extra on your student loans right now because of the 0% interest rate through the end of September. But I think that’s terrible advice!
Find out why and what I think the unintended consequences will be of Congress trying to rescue borrowers amid the coronavirus outbreak.
In today’s episode, you'll find out:
- Why you should pay nothing on your student loans
- How you could be a victim of a strategic layoff
- How to lower your payment if you have private student loans
- Why it’s okay to borrow the max amount of student loans
- What Congress did to make me think the tax bomb will disappear
- Some good news about student loan interest rates for next year
- What matters the most when it comes to student loan repayment
Full show notes at: http://studentloanplanner.com/76
To help combat the doom and gloom that is the coronavirus, I’m bringing you some positive energy. Today, I talk with Meagan Landress, Certified Student Loan Professional™ and founder of Financial Coach Meagan, about some good news regarding student loans.
In today’s episode, you'll find out:
How Landress has been handling social distancing
The repayment plan that cut a couple’s payment in half
The trick to free up cash flow on student loans
A strategy for student loans specifically for people nearing retirement age
Why federal student loans aren’t like any other type of debt
How a recent grad saved $1,000 per month on her monthly payment
Full show notes at: http://studentloanplanner.com/75
I did a second survey of our 20,000-plus email subscribers to find out how the pandemic and economic shut down is affecting different professions.
The results aren’t what I expected.
Today, I’m sharing survey findings, quarantine stories from our subscribers, and an update on the CARES Act and how it might impact the future of student loans.
In today’s episode, you'll find out:
- Why the $350 million funding for PPP loans was a disaster
- Who I think should apply for a PPP loan if there’s more funding
- How professions are being impacted by the economic shutdown
- How long survey respondents said the economy should stay closed
- The impact of coronavirus on dentists vs. physicians
- Quarantine stories from survey respondents
- What big changes might be coming to the CARES Act
- Why universities want lower interest for student loans
Full show notes at: http://studentloanplanner.com/74
You might not know what to do if you’re facing default or having trouble paying your student loans. Or maybe you’re curious about what happens to your student loans when you stop paying. To find out that and more, I turn to two experienced student loan attorneys: Adam Minsky and Jay Fleischman. They share their best tips for dealing with student loan default and how to get help. In today’s episode, you'll find out: What to do if you default on your student loans The two options you have for federal student loan default How to settle private student loan debt If the Department of Education will settle for less than you owe Whether rehabilitation or consolidation is better How default affects your credit report now and in the future How student loan default impacts forgiveness Whether bankruptcy is an option to get rid of your student loans Where to get more help if your loans are in default Full show notes at: http://studentloanplanner.com/73
Diana Care is a veterinarian for the federal government who is passionate about taking advantage of PSLF.
She shares how to best take advantage of forgiveness with a job in the non-profit or government sector, why employer-paid student loan benefits are a bad idea, and reasons you might not want to pursue a career as a vet.
In today’s episode, you'll find out:
- Why vet school debt keeps growing
- Why veterinarian student loan debt studies are deceitful
- How 20% of vet school graduates don’t have any student loans at all
- Whether a Caribbean vet school is worth the high price tag
- The reason to just say no to employer student loan benefits
- How to reach Diana if you’re interested in a vet job with the federal government
Full show notes at: http://studentloanplanner.com/72
In this episode, I’m getting to the truth behind the Stimulus Bill that was just passed and what it means for your student loans. Spoiler alert: It’s more than a suspension of payments and interest. I’ll help you cut through the noise so you can save money during this crazy time.
In today’s episode, you'll find out:
- How to take advantage of student loan payment suspension
- Whether you should buy stocks right now or save
- What the student loan payment suspension means if you’re still in school
- Why congress is worried about pausing student loan payments
- The starting date for suspended payments to count toward PSLF
- How much cash you need in your savings account
- How to get a refund of your payment from your loan servicer
Full show notes at https://www.studentloanplanner.com/71
Stephanie Bousley talks about how to get rid of student loan debt to live your best life in her new book Buy the Avocado Toast. This week, I talk with Stephanie about how she accumulated $300k of student loan debt while going to film school in one of the most expensive cities in the world, and how she’s paying it off while living a comfortable life.
In today’s episode, you'll find out:
- Why you can’t work your way out of student loan debt
- How having six-figures of debt doesn’t make you irresponsible
- Stephanie’s struggle with shame and secrecy about her debt
- Why Stephanie has refinanced her student loans 5+ times
- What I would have advised Stephanie if she were my client
- Stephanie’s advice about rewarding yourself even when you have debt
Full show notes at: http://studentloanplanner.com/70
A lot of people have had significant changes to their incomes as a result of the coronavirus pandemic. If you’ve had a drop in pay, you could get some relief by lowering your student loan payment.
I sat down with our very own Meagan Landress, CSLP®, to walk you through how to recalculate your student loan payments during an economic disaster.
In today’s episode, you'll find out:
- How to lower your student loan payment without making a single phone call
- Which application to use to recalculate your payment immediately
- The documentation you need to change your student loan payment
- Why deferment or forbearance is a bad idea
- What to do if you’re in default on your payments right now
- Whether you should refinance if you have private student loans
- How to get free student loan advice from Student Loan Planner
Full show notes at: http://studentloanplanner.com/69
With the stock market and global economy in a state of flux, I’ve been getting some questions about investing and coronavirus. People are asking about the possibility of a recession. Coronavirus is a very serious concern. I’m going to help you assess whether you should invest from a rational perspective, starting with asking yourself “what does this mean for me and my family.” In today’s episode, you'll find out: What I think about the possibility of a recession How coronavirus compares to the Spanish flu Why the stock market fell 15% during the Spanish flu How the stock market rebounded during the 1918 pandemic What is really killing the markets right now How to protect your investments during coronavirus outbreak Whether or not you should be investing right now Full show notes at: http://studentloanplanner.com/68
Even though I can think of about 600,000 things I’d rather talk about than taxes, it’s something we can’t ignore. I see people all the time paying way more in taxes than they should be. Today, I’m going to help you understand what you’re actually paying and why. Then we’ll jump into long-term tax planning strategies and some tips on what you can do right now to lower your tax bill as a student loan borrower.
In today’s episode, you'll find out:
What adjusted gross income (AGI) is and why it matters
The difference in tax brackets if you’re single vs. married
How to pay $0 in taxes on investment income
Ways to reduce your taxable income
How business owners can add even more to their retirement savings
What the breadwinner loophole is and how it can save you money
Why you might consider amending old tax returns
How to get more help if you need it
Full show notes at: http://studentloanplanner.com/67
If you’re overwhelmed by the idea of student loan interest raging out of control, this episode is for you. I sat down with our senior student loan consultant, Rob Bertman, CFP®, CFA to dig into the details about why student loan interest isn’t as bad as you think. Bertman has over 15 years’ experience as a financial planner and is the mastermind behind Family Budget Expert. Here’s what he has to say about how interest can impact your student loans.
In today’s episode, you'll find out:
• Why student loan interest isn’t as bad as you think it is
• How student loan interest works
• The repayment plan that gets the government to cover some of your interest
• Why forbearance is such a terrible idea
• How to use an old tax return to lower your student loan payment
• Why it’s best to stick with an IDR plan in residency
• Why consolidating right after you graduate can be a winning strategy
• How the “fighting spouses loophole” can help if you live in a community property state
Full show notes at: http://studentloanplanner.com/66
Jantz Hoffman is the founder of the Certified Student Loan Professional (CSLP®) designation that helps financial advisors incorporate student loan repayment planning in their practice. I invited him on the show to get his thoughts on student loan fraud and all the fake experts out there.
Brief intro to episode
In today’s episode, you'll find out:
- What gave Jantz the idea for CSLP
- Why there’s no value in falsifying student loan documents
- Reasons Jantz says not to be nervous about PSLF going away
- Problems Jantz has had with student loan services
- How applying for PSLF is like going to Olive Garden
- Why statistics in the media are wrong
Full show notes at: http://studentloanplanner.com/65
Student loan reform is a hot topic with the upcoming election. I asked Student Loan Planner Consultant Lauryn Williams to weigh-in on some of what the proposed plans might mean for your student loan payment. Join me as we walk you through what the future of student loans might look like.
In today’s episode, you'll find out:
- How Bernie’s “let’s forgive all the debt” plan could boost the economy
- If a Wall Street tax would help or hurt the middle class
- How Warren’s needs-based plan could lower your debt balance
- Why refinancing all student loans won’t solve the problem
- Just how big the racial wealth divide is
- The huge problem with our current student loan system
- What you can expect to happen in the future with student loans
Full show notes at: http://studentloanplanner.com/64
Student loans are complicated enough on their own. When you add student loan scams to the mix, they can be almost unbearable. That’s why I’m going to cover the top 7 student loan “Travis”-ties, so you can avoid getting caught up in a mess.
In today’s episode, you'll find out:
- The most common student scams you need to watch out for
- The student loan scam that cost one reader over $50,000
- Why parents shouldn’t pay for their kids’ college
- Questions to ask a financial advisor to test their student loan knowledge
- Why most school exit counseling is so terrible
- Why you shouldn’t panic if you no longer qualify for a partial financial hardship
Full show notes at: http://studentloanplanner.com/63
Free money from your employer to help pay off your loans is a great idea, right? Wrong! It could be one of the worst employee benefits ever. I’ll break down how this can affect your finances and show you how employer student loan benefits are a bad idea.
In today’s episode, you'll find out:
- Why taking money from your employer for student loans is a trap
- How a free $100,000 can end up costing you $50,000
- The tax consequences of employer-paid student loan payments
- The effect of employer student loan benefits on PSLF
- The problem with old-school thought patterns about debt
- Why “getting your debt to zero” isn’t the best strategy
- How to get ahead by negotiating employer benefits
Full show notes at: http://studentloanplanner.com/62
As part of our series on introducing you to new members of the Student Loan Planner team, I want to take a moment to talk with Meagan Landress. She is a Certified Student Loan Professional™ and today she’s sharing her best student loan loopholes and strategies to help you conquer your student loan debt.
In today’s episode, you'll find out:
- What led Meagan to student loan consulting
- How “married filing separately” can lower your payment
- How to double-dip with the poverty line deduction
- What double consolidation can do for Parent PLUS borrowers
- The legal loophole to open up Parent PLUS loans to IDR plans
- Why you need a student loan plan if you live in one of these 9 states
- How to book a consult with Meagan to crush your student loans
Full show notes at: http://studentloanplanner.com/61
We’ve added a new face to our Student Loan Planner team. Listen in as I interview Ben Nanney, CPA and CFP®, about the nitty-gritty on taxes and student loans. He’ll give us the inside scoop on basic tax terms and dive into some more complex tax strategies for student loan borrowers.
In today’s episode, you'll find out:
- What drove Ben to launch his own financial planning firm
- Why AGI isn’t as confusing as you think
- What is an above the line deduction
- The difference between a SEP IRA and Solo 401(k)
- Why Ben is a great addition to the consultant team
- How filing separate tax returns can benefit married couples
- What is the breadwinner loophole
- How to amend previous tax returns to get money back
- How to contact the best tax experts for student loan borrowers
- Why a community property state can lower your student loan payment
- The best tax strategies for high-income borrowers
Full show notes at: http://studentloanplanner.com/60
Since it’s the final day to purchase the Six-Figure Debt to Six-Figure Net Worth course, I want to share some tips from the course to give you some insight into my investing philosophy.
I’ll show you how you can manage your own investments and reach millionaire status with a strategy that only takes a few hours of your time each year.
In today’s episode, you'll find out:
- How the Student Loan Planner course can save you money
- Tips to give you a taste of my investing philosophy
- What to do instead of paying a financial advisor
- How tax-loss harvesting can save you $10,000 or more in taxes
- Why a new car every two years can cost an extra $500,000
- The 3 keys to successful investing
- Why most people don’t need a financial advisor
- How to manage your own investments with a couple of hours a year
- How my background as a CFA and bond trader led me to create this course
Full show notes at: http://studentloanplanner.com/59
The Six Figure to Six Figure Net Worth Course is here! If you have a goal of growing your net worth and not letting your student loans run your life, you need to know more about this course.
Join me in today’s episode as I go into detail about how you can reach financial abundance in less than a decade.
In today’s episode, you'll find out:
- Why the Student Loan Planner Course is the best investment this year
- How to replace your reliance on labor for income to live
- The impact of different risk profiles of investment combinations
- How investing can shave 10 to 20 years off your working career
- When you should (and shouldn’t) use a financial advisor
- Why working part time with $400,000 in student loans is okay
- Three tips to get the most out of real estate investing
- Hassle-free rules to maximize your retirement investing
Full show notes at: http://studentloanplanner.com/58
When you graduate from college, you probably have a negative net worth from student loan debt. But is your negative net worth really the problem? Join me as I talk about ways to grow your assets through four proven strategies that can work no matter how high your student loan debt is.
In today’s episode, you'll find out:
- Why negative net worth isn’t the problem
- The two types of accounts you should be investing in
- The minimum amount to contribute to investment accounts
- Why borrowers are putting more at risk by not taking risks
- What a rental debt snowball is and how it can grow your wealth
- The truth about negative net worth being a tax instead of a debt
- How avoiding bad business decisions can double your net worth
Full show notes at: http://studentloanplanner.com/57
Saying student loan debt isn’t that big a deal is a loaded statement.
But it’s true!
In this episode, I talk about why your loans don’t matter as much as you think they do.
I also go over five common high-debt career paths and share strategies to make it work to your advantage, no matter what your income is.
In today’s episode, you'll find out:
- Why your student loans aren’t what’s holding you back
- A simple mindset shift to ease your anxiety
- Why going from chiropractor to physician assistant can be a smart financial move
- How owning a practice can increase your income and decrease your student loan payment
- The best career for making $50k a year while working just three days a week
- How private practice can be better than PSLF for physicians
Full show notes at: http://studentloanplanner.com/56
Dr. Ben White is has been helping medical students, residents, other physicians, and everyone else manage their student loans since 2009. He’s also and author, speaker, and board-certified subspecialized neuroradiologist. Today, I talk with Dr. White about PSLF and get his thoughts on controversial repayment strategies and the future of the program.
In today’s episode, you'll find out:
- Future changes Dr. White expects to see with PSLF
- Why a common sense approach to student loans doesn’t work
- Why most student loan borrowers are on the wrong repayment plan
- Dr. White’s thoughts on controversial repayment strategies
- The legal loophole for Parent PLUS loans
- Why a 1% acceptance rate for PSLF makes sense
- How the annual budget of NASA compares to loan forgiveness
- How to mitigate the opportunity cost of medical training
Full show notes at: http://studentloanplanner.com/55
The holidays are fast approaching and I know what you’re thinking: what should I get for the student loan borrowers on my list this year?
In this episode, I go over the top 21 gifts that would make a big impact on the lives of student loan borrowers.
In today’s episode, you'll find out:
- Why the public library is one of the best places to hang out
- When to use the cash back from refinancing your loan to splurge
- How to turn the gift of cash from ho-hum to something memorable
- The best way to ask for a raise to put more money in your pocket
- Why getting married is a wonderful thing for student loan borrowers
- What games I play on my iPad while waiting on hold to talk to a real person
- How the gift of courage can change your life
Full show notes at: http://studentloanplanner.com/54
Student loan debt is a growing problem and a hot topic in the media. I asked the Student Loan Planner community how they would solve the student loan crisis, and the results were not what I expected.
Join me as I go into the details about how listeners feel about the growing problem of student loan debt.
In today’s episode, you'll find out:
- How important student loan reform is to voters
- What borrowers think student loan reform should look like
- The reason most people would opt for treating student loans like a tax
- Why lower student loan interest rates won’t fix the problem
- How a student loan tax would affect retirement savings
- How the Biden Plan compares to the Trump Plan
- Why past student loan reform proposals failed
- Whether eliminating the tax bomb is sustainable
- Why the future of student loans depends on the private loan market
Full show notes at: http://studentloanplanner.com/53
Savanna Perry is a Physician Assistant and founder of ThePAplatform.com, a site where she shares insider tips to help others navigate the journey to becoming a PA. Today, I ask Savanna how to pick the best program, what the requirements are to get in, and whether the cost of the program is worth it in the end.
In today’s episode, you'll find out:
- How being a PA can bring balance and flexibility to your life
- Why Savanna chose a public program over a private program
- How PA programs compare to med school
- The trick to go from $200k in student loan debt to $80k
- Whether private or federal student loans are better for PA school
- How Savanna was able to pay off your student loan debt so quickly
- Career opportunities and salary expectations for PAs
- Why becoming a PA is a great choice for a second career
Full show notes at: http://studentloanplanner.com/52
Ryan Inman, the host of the Financial Residency podcast and founder of Physician Wealth Services, shares the biggest mistakes he’s seen physicians make when it comes to student loan debt. I talk with Ryan about the state of PSLF and why hiring a financial planner isn’t right for everyone.
In today’s episode, you'll find out:
- The trick to making PSLF work for physicians
- The real reason behind PSLF rejections
- Why worrying about whether PSLF will still be around isn’t the biggest problem
- Why not everyone should work with a financial planner
- How a physician made a mistake that cost half a million dollars
- What the future of PSLF might look like
- The 10-step plan that Ryan uses in his financial planning business
- How hiring a financial planner is like working with a personal trainer
Full show notes at: http://studentloanplanner.com/51
In this monumental 50th episode, I’m taking you back in time on my journey of starting this thing called Student Loan Planner.
Here’s the story of why I feel deeply called to helping you and others like you make sense of your finances and what I’ve learned over the past 3 years of working full-time in the world of student loans.
In today’s episode, you'll find out:
- Why some school are honest and others are downright profit-hungry
- Why colleges foot the bill for flights, hotels, meals, and more when you agree to a tour
- The things people put too much focus on when it comes to personal finance
- The only three areas you need to focus on to make your money work for you
- The secret I’ve learned to increase your savings rate
- What happens when you think in terms of value rather than cost
- What I think about the future of student loans
- The crucial piece that most people miss when it comes to investing
- The biggest worry about I have about running Student Loan Planner
Full show notes at: http://studentloanplanner.com/50
Leif is well-known in the personal finance space as the Physician on FIRE. He runs a website by the same name to inspire physicians and their patients to live a life of financial independence and early retirement. In this episode, I talk with Leif about his strategy of becoming financially independent and getting the most out of your money.
In today’s episode, you'll find out:
- The trick physicians can use to create more freedom with locum tenens
- How to leverage your income to retire before traditional retirement age
- How Leif escaped undergrad with no student loan debt
- Leif’s thoughts about pursuing loan forgiveness as an anesthesiologist
- How you can have a better lifestyle with student loan debt
- When it makes sense to consider PSLF as a physician
- The risk of taking over a mom-and-pop medical practice
- What Leif says is the best return on investment of different medical specialties
- The reasons people start to feel “burned out” by practicing medicine
- The two big things Leif chooses to splurge on
Full show notes at: http://studentloanplanner.com/49
Student loan refinancing can be a big help to your financial goals.
But some refi strategies can make it so you can’t buy a house or start a business.
In this episode, I’ll talk about when a refi makes sense for you and discuss how the economy, a recession, and changing interest rates factor into your decision.
In today’s episode, you'll find out:
- What is a refi ladder and can it work for you
- How doing more than one refi can be a smart move
- The reason to refi to a longer term at a higher interest rate
- Why you shouldn’t worry about your credit score when you refinance
- The risk of going with an aggressive repayment strategy
- How your student loans can impact buying a house or starting a business
- How government interest impacts the interest you pay
- What would happen to student loan interest rates in a recession
- When variable rates are a smart move in your refi strategy
Full show notes at: http://studentloanplanner.com/48
Robert Berger, Deputy Editor at Forbes and author of Retire Before Mom and Dad, is passionate about helping others build financial independence. In this episode, I talk with Robert about how to plan for retirement and the seven levels you need to reach financial freedom.
In today’s episode, you'll find out:
- What “retirement” can look like for you
- The seven levels of financial independence
- Is the 4% rule still relevant?
- How student loan borrowers can reach financial independence
- What is the “money audit” and how it can help cut your spending
- Why cars are a financial freedom killer
- What retirement account is the best first step to investing
- Why expense ratios are a huge factor in investing
- How to experiment with your finances to increase your savings
Full show notes at: http://studentloanplanner.com/47
There are many reasons you should start a business. Business owners tend to make more money than associates. A business owner could pay less taxes than an associate, too. Overhead is often 45% to 60% depending on the practice, which means profit would be 40% to 55% instead of 28% to 33% as an associate. I spell out all the benefits of owning a business.
In today’s episode, you’ll find out:
- Why you should start a business now even if you have student loans
- What makes the risk of being an entrepreneur lower than you think
- Why a dentist probably shouldn’t open a restaurant business
- Legal write-offs to save 50% or more in taxes
- Why adding your spouse to your payroll can help the business
- How self-funded pension plans can fuel your retirement
- The advantage of a fiduciary financial planner for your business
- Why private practice is a better choice than PSLF
- How your business can help your REPAYE subsidy
For more information, visit the show notes at https://www.studentloanplanner.com/why-start-business/
Reese Harper, a Certified Financial Planner and founder of Dentist Advisor, specializes in financial planning for dentists. In this episode, learn his thoughts on the financial planning industry, how to be successful running a dental business and whether now is the best time in history to be a dentist.
In today’s episode, you'll find out:
- How Reese got started with his firm
- His thoughts on the financial planning industry
- Conflicts of interest in financial planning
- The typical wealth and income Reese sees with his dentist clients
- How DSOs (Dental Support Organizations) are affecting dentistry
- What to focus on early in your dental career
- Why there’s a place for different business models in dentistry
- Why dentists have to think about the business side of things
- Why trust is everything in a producer-consumer relationship
- Reese’s thoughts on a fair price for a financial planner
- How income and net worth impact the cost of a financial adviser
- Is now the best time in history to be a dentist?
Full show notes at: http://studentloanplanner.com/45
Why do so many financial advisers give lousy student loan advice? In this episode, the Student Loan Planner consultants — Travis Hornsby, Justin Harvey, Rob Bertman and Lauryn Williams — discuss what to look for in a financial adviser, what leads to this bad advice and why an experienced financial adviser is key.
In today’s episode, you'll find out:
- What to look for in a good financial adviser
- Why financial advisers need to disclose all conflicts of interest
- Why Student Loan Planner isn’t a fiduciary investment adviser
- How Student Loan Planner can provide the best cash-back bonuses
- Why most financial advisers aren’t expert on niche topics
- What could lead a financial adviser to give poor advice
- Why paying a hefty fee for an adviser isn’t always a bad thing
- How good information lets you make sound financial decisions
- Why you need to interview potential financial advisers
- How not having enough experience leads to bad advice
- Why student loan strategies are foreign for many advisers
- Why finding an experienced financial adviser is key
Full show notes at: http://studentloanplanner.com/44
Trent and Somer are the first couple in history to both get tax-free student loan forgiveness through the Temporary Expanded Public Service Loan Forgiveness (TEPSLF) program. Learn about how they qualified, their journey to forgiveness and their advice for those looking to do the same.
In today’s episode, you'll find out:
- How much student loan debt Somer and Trent graduated with
- How they managed to get Direct Loans
- What it was like for Trent to consolidate his loans in the late-2000s.
- How Trent ended up with five years not counting toward TEPSLF
- How Somer was signed up for the wrong repayment plan
- When their loans went to FedLoan Servicing
- How changing your name can cause student loan problems
- Why Trent’s TEPSLF was a little harder to process
- Trent’s reaction to finding out his student loans were forgiven
- Somer’s emotions when she saw her loans had also been forgiven
- Somer’s thoughts on why loan forgiveness isn’t just free money
- The steps to qualify for TEPSLF
- Trent and Somer’s advice for those going for TEPSLF
Full show notes at: http://studentloanplanner.com/43
Using the refinancing ladder strategy can help student loan borrowers get out of debt much faster. In this episode, learn how the refinancing ladder works for refinancing student loans — and how to decide if refinancing is right for you.
In today’s episode, you'll find out:
• What is the refinancing ladder strategy?
• When is refinancing a good decision?
• Why you shouldn’t refinance federal loans too soon
• What, exactly, is student loan refinancing?
• How student loan refinancing differs from other refinancing
• How Student Loan Planner’s cash-back bonuses work
• The differences between short-term and long-term refinancing
• How to calculate your payment with various loan terms
• How many times do people generally refinance?
• How to use the refinancing ladder strategy
• Should you go with a variable or fixed rate?
• How historic refinancing rates compare to the rates of today
• How variable rates are calculated
• Why don’t more people refinance their student loans?
• Why putting off your financial health is unwise
• How lenders profit from borrowers who don’t know to refinance
• Who should and shouldn’t refinance their student loans
• Benefits of using the refinancing ladder with cash-back bonuses
Full show notes at: http://studentloanplanner.com/42
Do you wonder why our student loan plan consult form has you give so much information? Hear the Student Loan Planner consultants — Travis Hornsby, Justin Harvey, Rob Bertman and Lauryn Williams — break down all 26 questions and explain how your plan is unique.
In today’s episode, you'll find out:
- How the consultants react to learning someone’s occupation
- Why the consultants want to know what metro area you’re
- How community property states affect student loans
- How your choice of school might influence your loans
- The consultants’ thinking on different loan balances
- Why knowing the different kinds of loans you have is crucial
- How your income affects possibly refinancing
- Why your payoff plan involves your projected income
- How interest works with student loans
- What your retirement savings lets the consultants know
- How savings illustrates your financial mindset
- Why the date you took out your loans matters
- How the consultants make a plan based on your information
- What your spending level indicates
- How both empathy and being realistic plays into your plan
- Why savings versus debt matters
- How family size factors in
- How Parent PLUS Loans and PSLF factor into the consult
- Why filling out the entire consult form is critical
Full show notes at: http://studentloanplanner.com/41
Most people are committing financial sins of omission — not doing things because they’re too complicated. In this episode, see how anything from bad website designs to having too many options can cause financial inertia — and how setting up automatic plans can help.
In today’s episode, you'll find out:
- How is Vanguard’s website design costing people money
- Why people use robo-advisers instead of companies like Vanguard
- Why developing the habit of investing is important
- How a “nudge” works in finances
- How student loans could be more simple to deal with
- What financial sins of omission might you be committing right now
- How the economy shifting pushed people to start investing
- Why automatic financial plans are so important
- How to avoid having complexity cost you money
- How schools convince people to borrow so much money
- Examples of people unable to handle so many financial options
- Is taking time off from Public Service Loan Forgiveness OK?
- How alternative documentation of income works
- Why it’s important to not let student loans dictate your life
- Refinancing rates are lower than they’ve been in a long time
- Why you should book a student loan consultation now
- Why you should apply for the Student Loan Planner scholarship
Full show notes at: http://studentloanplanner.com/40
In today's exciting episode, hear questions directly from the Student Loan Planner audience, covering topics ranging from financing a car to preparing for a massive student loan bill, with each question answered by Travis.
In today’s episode, you'll find out:
- Is financing a car ever a good idea?
- How to best prepare for the tax bomb on an income-driven plan
- How student loans can affect buying a home
- Should you pay down student loans before buying a house?
- Should you wait until after your grace period to refinance?
- Is it better to go for a physician or traditional mortgage?
- How to prepare for a large student loan bill after graduation
- Is refinancing a mortgage worth it, despite closing costs?
- Why it’s often good for dentists to buy their own practice
- Why getting a custom plan from us could be life-changing
Full show notes at: http://studentloanplanner.com/39
Jake wants to attend dental school while Carissa has enrolled in an occupational therapy program.
See how they plan to finance their educations and why going for student loan forgiveness is a better option than Carissa’s parents paying for grad school.
In today’s episode, you'll find out:
- How Jake and Carissa decided on their specific programs
- How their choice of schools affects their future student debt
- Their plan for future work post-graduation
- Carissa’s plan for financing her degree
- Why parents helping pay for grad school can be a bad idea
- Why PSLF is a good gamble
- Possible scenarios if Carissa chose to work in the private sector
- Why trading PSLF away isn’t a good deal
- Why Travis recommends Jake and Carissa borrow the max amount
- The possible future of tax bombs — and why it’s political
- The low downside risk of PSLF and tax bombs
- Should you pay interest or investigate forgiveness while in school?
- Why don’t we hear more about student loan forgiveness?
- When refinancing can also be a valuable option
Full show notes at: http://studentloanplanner.com/38
We can sweat the small stuff — like Netflix subscriptions or gym memberships or daily lattes. But sweating the big stuff — like housing and car purchases — is most important for your financial health. See how these big-ticket items can affect your finances — and what to do about it. In today’s episode, you'll find out: How buying too much house leads to financial train wrecks Why having too many cars isn’t a good financial decision Why buying a latte every day doesn’t have much of an impact How not budgeting for compounded expenses leads to problems How much to set aside for housing expenses How price-to-rent ratio works Price-to-rent ratios in major U.S. cities How life changes affect whether to rent or buy a house How reducing high-expense items alleviates financial stress Possible ways to reduce big child-care expenses How family support expenses can get out of control Other big-ticket items to examine How to approach big-ticket purchases Full show notes at: http://studentloanplanner.com/37
Most people don’t seem to like their student loan servicer — and for good reason. Here are the 10 most common student loan servicer mess-ups and why they happen.
In today’s episode, you'll find out:
- The 10 most common student loan servicer mess-ups
- Why servicers urge switching to Revised Pay As You Earn (REPAYE)
- How switching to REPAYE can hurt some borrowers
- Why inaccurate payment counts for loan forgiveness happen
- How to get your payment count fixed
- Why inaccurately reporting your spouse’s income is a bad idea
- How to find out the repayment plan you’re actually on
- Why you shouldn’t wait on Public Service Loan Forgiveness (PSLF)
- Why you should use your tax returns to report your income
- How “paid ahead” status happens
- Why servicers will sometimes put you in forbearance or deferment
- Why servicers will avoid answering questions
- Why servicers don't always tell you about your loan options
- How did loan servicing get this bad?
- Congress’ role in bad student loan servicing
- Why the government won’t spend on better loan servicing
- What incentives might improve student loan servicing
Full show notes at: http://studentloanplanner.com/36
Do you have a good savings rate? What is a good savings rate anyway? In this episode, learn why a high savings rate is so critical — and how to secure one for yourself.
In today’s episode, you'll find out:
- How do you define a savings rate?
- The history of savings rates in the U.S.
- How advertisements might have affected savings rates
- Where the current average national savings rate has settled
- How having six figures of student loan debt should affect your savings rate
- The saving statistics of the Student Loan Planner audience
- Our recommended savings rate
- How savings rates affect taking risks or changing your situation
- What a savings rate can get you in terms of retirement
- Five ways to fix a bad savings rate
- Why a savings rate is more important than a student loan strategy
- How to start saving with a better rate
- Why avoiding money paralysis is imperative
- Why considering a fee-only fiduciary financial planner is wise
Full show notes at: http://studentloanplanner.com/35
Are private student loans worth it in comparison to federal loans? In this episode, learn how your degree path and future plans affect whether private loans should be on your radar, whether they’re a good idea for parents and grad students, and situations where they’re the worst option.
In today’s episode, you'll find out:
- How credit risk impacts your private student loan interest rate
- How your degree path affects whether private loans are a good decision
- Why you might take out a private loan instead of waiting to refinance
- Borrowing limits for Stafford Loans
- How Parent PLUS Loans come into the picture
- Why Parent PLUS Loans are such a burden
- Is a private loan better than a Parent PLUS Loan?
- Should private loans be used for graduate school?
- A rule of thumb for how much private loans can save you vs. Grad PLUS
- How a private loan payment could affect your financial goals
- Why an additive payment is bad news
- Fields with higher Stafford Loan limits
- Situations where private loans are the worst option
- Why overestimating your potential earnings can hurt you
- Why private loans might make a big comeback
- How an interest rate offer shows whether a degree choice is sound
Full show notes at: http://studentloanplanner.com/34
Jordan Lee is the CEO and co-founder of CollegeBacker, a startup that helps people start 529 college savings plans. In this episode, learn what a 529 plan is, why it’s so important and how to get started.
In today’s episode, you'll find out:
- What led Jordan to co-founding CollegeBacker
- How a 529 plan works
- The impact of saving when your child is young
- What counts as a qualified expense for a 529
- Tax benefits of a 529
- What’s a good annual contribution
- Should a 529 be priority over retirement savings?
- What superfunding is
- How to calculate what to save in a 529
- How friends and family can contribute to your child’s 529
- Which states provide income tax benefits with 529 plans
- What happens if your child decides not to attend college
- Differences between adviser-sold and direct-sold plans
- How you might choose where to house a 529 plan
- How prepaid tuition plans work
- Can you save too much to a 529?
- Why every parent should contribute a 529 plan
Full show notes at https://studentloanplanner.com/33
Dr. Zachary Kingsberg is a dentist who, after graduating from the very expensive Nova Southeastern University, is now running his own dental practice startup in Dallas alongside his wife. In this episode, see how Zach began his startup journey, how he handled his student loans and the advice he’d give for an up-and-coming dentists on starting your own practice.
In today’s episode, you'll find out:
- Zach’s journey into dental school
- How his associateship period played out
- How he and his wife prepared themselves to become startup practice owners
- How Zach went about acquiring patients
- The process of getting funding from a bank for a dental startup
- How demographics played into how Zach started his practice
- The issues he ran into trying to secure a mortgage
- Zach’s advice for refinancing student loans and getting a mortgage
- What he learned about running a dental practice in the first year
- How he handled marketing for his practice
- How running a bread-and-butter clinic has kept costs low
- Why Zach’s practice focuses on simple dentistry over cosmetics
- How income-driven repayment could have helped Zach’s loan applications
- His long-term goals for his practice
- Zach’s experience with hiring (and firing) employees
- The advice he’d give to a dentist associate considering a startup
- The importance of being willing to work hard as a new dentist
Full show notes at: http://studentloanplanner.com/32
Chad Carson is real estate entrepreneur who has worked in real estate investing for 16 years. In this episode, learn how he got started on his entrepreneurial journey, how real estate investing really works, and whether it’s a good idea for your situation.
In today’s episode, you'll find out:
• Chad’s background a college football player
• How he got started in real estate investing
• What Chad’s first rental was like
• What a house hack is
• How REO (real estate owned) property works
• Whether real estate is a good tax shelter
• How depreciation on property affects taxes
• What a 1031 Exchange is
• How many properties to start off with
• The importance of having a CPA (certified public accountant) to help you with real estate taxes
• How using a house hack can help you qualify for a better mortgage loan
• Chad’s view on real estate crowdfunding
• How active of investing real estate really is
• What commercial house hacking is
• Chad’s experience living abroad on his rental property income
• How investing can pay off in the long term
Full show notes at: http://studentloanplanner.com/31
Many student loan borrowers are worried about the risks of relying on Public Service Loan Forgiveness (PSLF). In the episode, find out why these risks are vastly overestimated as well as the histories of PSLF repeal attempts and taxable loan forgiveness. Also learn what you need to do in the extremely unlikely case that forgiveness programs are eliminated.
In today’s episode, you'll find out:
- Other programs like PSLF that haven’t been repealed, despite massive costs
- The history of PSLF repeal attempts
- Why politicians are unlikely to try to have PSLF completely taken away
- What would happen in the unlikely event that PSLF was repealed
- How your savings rate affects how long you’d need to work before retiring
- The two kinds of people worried about PSLF going away
- The history of taxable loan forgiveness
- Government approaches to tax bombs
- Why having a high savings rate means you don’t need to worry about suddenly owing your forgiven loan balance
- How Congress might deal with taxable loan forgiveness in the future
- The history of income-driven repayment plans
- The idea behind the possible new Pay As You Earn plan
- What could happen if any of these programs were eliminated
Full show notes at: http://studentloanplanner.com/30
The Student Loan Planner consultants — Travis Hornsby, Justin Harvey, Rob Bertman and Lauryn Williams — discuss cases they’ve had, with amazing success stories as well as financial catastrophes.
In today’s episode, you'll find out:
▪ Fun background stories from each of the Student Loan Planner consultants
▪ Cases from each of the consultants — success stories and ones where they were too late to stop someone from making a huge financial mistake
▪ Why banking on Public Service Loan Forgiveness (PSLF) isn’t risky for current borrowers
▪ How student loan forgiveness instead of refinancing, depending on the situation, might save someone money
▪ How, even on the verge of default, taking the steps to address your student loan situation can turn everything around
▪ Why Parent PLUS Loans can lead to financial disaster — and strained relationships
▪ How parents end up in PLUS Loan situations while trying to provide for their children
▪ Another PLUS Loan situation — and why pursuing grants and scholarships is better
▪ Why having tough conversations about student loan debt and budgeting is important
▪ How extensive budgeting allowed a parent to stay home with her child
▪ Why it’s imperative to make sure you’re on track for PSLF
▪ Travis’ thoughts on reaching out for student loan help as soon as possible
▪ How income-driven repayment could save end up saving someone money versus staying on the Standard Repayment Plan
▪ More interesting background stories from the consultants
Full show notes at: http://studentloanplanner.com/29
Dr. Mark Ard is a resident psychiatrist who finished medical school with roughly $330,000 of debt.
Learn how he’s working toward Public Service Loan Forgiveness, how refinancing his loans has helped him and what his tips are for optimizing loan forgiveness.
In today’s episode, you'll find out:
- Mark’s background and education journey as a resident psychiatrist
- His family situation and how it’s affected his student loan repayment
- How he’s approached retirement accounts and buying a house
- Why purchasing a home is usually not the best decision for someone in residency
- How moonlighting has affected recertification with Public Service Loan Forgiveness
- How the breadwinner loophole can help people in community property states
- Why tax accountants might not know to equally distribute your income in you live in a community property state
- How much the breadwinner loophole can save someone on student loan payments
- How Mark refinanced his student loan debt
- How cashback bonuses with refinancing companies work
- How consolidating right after graduation can give medical students $0 payments their first year out of school
- Why putting loans in deferment or forbearance right out of school isn’t the best idea
- How a solo 401(k) could help someone with 1099 income
- Why life insurance and disability insurance are so important
- Mark’s long-term plans when it comes to retirement
- His advice for other residents entering student loan repayment
Full show notes at: http://studentloanplanner.com/28
Robert Farrington is the founder of The College Investor, a site that’s helped people with their student loans for 10 years and counting. He worked as an executive at Target before making his way into the personal finance blogosphere following a horrible experience with FedLoan Servicing. Learn about Robert’s thoughts regarding Public Service Loan Forgiveness (PSLF), the student loan crisis and his advice for getting out of debt.
In today’s episode, you'll find out:
- Why Robert founded The College Investor
- Why articles claiming PSLF will have a 99% rejection rate are misleading
- How a lack of education regarding student loans hurts borrowers
- How a side hustle can help you pay off your student loan debt more quickly
- Robert’s advice for student loan borrowers considering whether to buy a house
- His thoughts on whether the student loan crisis will eventually crash
- How trying to unwind the credit in the student loan marketplace could negatively affect graduate programs
- Why Robert is a fan of borrowing caps for student loans
- What order financial savings should be put in, in terms of debt
- Extreme stories Robert has heard in regards to student loan borrowers
- The financial stressors he saw in employees while working at Target
- Robert’s thoughts on the FIRE (Financial Independence, Retire Early) movement
- What percentage people should be saving of their income
- His advice for setting up your own professional website — and why it’s important
- The best financial advice Robert has ever received
Full show notes at: http://studentloanplanner.com/27
Are you familiar with shady student loan practices versus legit ones that actually help student loan borrowers?
In this episode, the Student Loan Planner consultants — Travis Hornsby, Justin Harvey, Rob Bertman and Lauryn Williams — discuss what type of strategies to steer clear of and which ones could potentially save borrowers both money and stress.
In today’s episode, you'll find out:
- Whether a borrower should claim that they can’t access their spouse’s income information
- How student loan repayment strategies can sometimes lead to divorce
- If starting your own 501(c)(3) for loan forgiveness is a good idea
- How being small business owners can affect student loan repayment
- Should you use your pay stub or your tax return to recertify income?
- How a sudden change in salary could affect your income certification
- Why researching any financial adviser you plan on working with is critical
- Can you use last year’s tax returns to certify income?
What the breadwinner and reverse breadwinner loophole is - Is moving abroad to avoid student loan payments a legit strategy?
- What the die-with-your-debt strategy is
Full show notes at: http://studentloanplanner.com/26
How familiar are you with investing? Are you prepared for retirement? You may be surprised to learn that, according to a recent Student Loan Planner investing survey, many in the SLP community are not financially ready for retirement.
Learn why your investing plan is just as imperative as paying off your student loans if you want to retire at a reasonable age (or even make work optional).
(Plus, learn how to sign up for Student Loan Planner’s investing course, available until 11:59 p.m. Eastern Time tonight!)
In today’s episode, you'll find out:
- Why your investing plan is just as important as your student loan payoff plan
- Why putting all your money into paying your student loans can impede your retirement
- How financial advisers have changed from the era of pensions to now
- Why so many financial advisers don’t understand the nuances of student loans
- What the Student Loan Planner survey said about attitudes toward investing
- How many respondents from the SLP community are using investment products
- The difference between maxing and matching with retirement accounts
- Three main questions survey respondents had about retirement and investing
- How investing and student loan payoff plans would look in a real-world example
- Why millennials have struggled with finances more than previous generations
- How technology has shaped millennials’ finances for the better
- Why the “Six-Figure Debt to Six-Figure Net Worth” investing course is worth it
Full show notes at: http://studentloanplanner.com/25
If you’re heading into a career in dentistry, medicine or pharmacy, is a residency worth it? What are the differences in requirements, and how do those affect your salary and student loan repayment? Here’s what the economic value of a residency could look like for you, and how it varies by profession.
(Also learn about Student Loan Planner’s brand-new investing course, launching alongside our podcast for one week only!)
In today’s episode, you'll find out:
- How residency programs have proliferated
- What the various programs are — and why some cost you and some don’t
- How residency for medicine differs from other fields like dentistry and pharmacy
- Travis’ thoughts on how hospitals could pay for residency programs
- How pharmacy residencies are a special case
- How hospitals have adapted to the massive influx of pharmacists
- The value of residency in veterinary medicine
- The economic value of residencies as far as what they’re designed for
- Ultimately, is a residency worth it for doctors? For dentists? Veterinarians? Pharmacists?
- What the Student Loan Planner investing course is all about
Full show notes at: http://studentloanplanner.com/24
Mark Strucker is an educational consultant based in Atlanta, Georgia. He’s worked in boarding school admissions and then the college admissions space for 19 years. After working in the KIPP (Knowledge is Power Program) Schools, he founded School Match 4U, a full-service educational consulting company that helps future college students and their families with the college admissions process.
Learn how Mark’s educational consulting company works, what his advice is for getting good financial aid and his thoughts on the recent college admissions scandal.
In today’s episode, you'll find out:
- How Mark began working in the boarding school and college admissions space
- Answers to common questions parents have when considering boarding school
- College admissions counseling in public schools versus private or boarding schools
- Mark’s four categories for helping families as an educational consultant
- How to get a good aid package when applying to a school
- What’s more important — a brand-name, prestigious school or educational value?
- What percentage of students Mark sees take out student loans to fund their education
- How retirement savings and home equity can affect financial aid
- How future students can stand out to get merit money
- Mark’s reaction to the college admissions scandal that surfaced in March 2019
- How Mark believes college admissions will change in response to the scandal
- How Mark’s full-service educational consulting company, School Match 4U, helps future college students and their families
Full show notes at: http://studentloanplanner.com/23
Alan is a national security specialist living in the D.C. area. He graduated with $120,000 of student loan debt, which had now climbed to $160,000 with interest. His wife is a vice principal with about $40,000 of student loan debt herself. Both are working toward student loan forgiveness — Alan with Public Service Loan Forgiveness (PSLF) and his wife with Teacher Loan Forgiveness.
Learn about Alan’s struggles with FedLoan Servicing (the servicer in charge of all things PSLF) and how loan forgiveness is unfolding for both he and his wife.
In today’s episode, you'll find out:
- How Alan ended up in the national security field — and what that career is really like
- What education is required to work in national security
- When Alan first realized he had tons of student loan debt
- How bad advice from his loan servicer led his loan balance ballooning
- How the incentive structures of loan servicer call centers affect the advice you get
- Why it’s usually best to use your prior tax returns to certify income for income-driven repayment plans
- How student loans affect married couples filing taxes jointly or separately
- Alan’s experience with FedLoan Servicing after inquiring about loan forgiveness
- Why PSLF is usually the better option over Teacher Loan Forgiveness — and how both programs work
- Why an emergency fund is essential, especially as the student loan debt crisis will likely get worse
- Alan’s tips for dealing with the psychology of debt
Full show notes at: http://studentloanplanner.com/21
Alex Barnette is a Licensed Marriage and Family Therapist (LMFT) who graduated from St. Edward’s University in Austin, Texas. She currently has about $115,000 in student loan debt that she’s paying off. She’s also launched her own practice — Alex Barnette Counseling, also located in Austin.
In today’s episode, you'll find out:
- What schooling looks like for someone wanting to be an LMFT
- The breakdown of various license abbreviations in the therapy world
- The tuition to expect in a master’s program to become an LMFT
- How private schools tend to raise their tuition cost every semester
- How Alex handled her student loan debt while working after graduation
- Why agency fees can make it difficult for LMFTs to focus on their student loans
- How Alex took the leap to start her own practice
- The difference between qualifying for Public Service Loan
- Forgiveness and income-driven repayment loan forgiveness
- How getting married can drastically affect your student loan repayment
- Why student loan servicers can be so difficult to deal with
- Alex’s advice on when to seek therapy — and how clients choose what to get out of it
Full show notes at: http://studentloanplanner.com/21
Have you ever thought about being a millionaire — even if you have student loan debt? Then this episode will be powerful for you. Most people want to earn enough to retire comfortably and to live their dreams, but they aren’t sure how they can do it.
If you’re wondering how to prepare for the future when you’re dealing with a ton of student loan debt, here’s how you can hit a seven-figure level net worth.
In today’s episode, you'll find out:
- Is it possible to become a millionaire with student loan debt?
- How can a couple with $100k of combined income have a seven-figure net worth?
- Why it’s so important to max your retirement accounts
- How long does it take to become a millionaire?
- Why is it a good idea to contribute to brokerage accounts?
- How would becoming millionaire work for a couple earning a combined $200k? Or $600k?
- Should you invest in savings or brokerage accounts?
- How much do you need to save to be able to retire?
- What’s the difference between maxing and matching your retirement contributions?
- How Student Loan Planner’s upcoming investing course can help you
Full show notes at: http://studentloanplanner.com/20
Tim Ulbrich graduated from the Ohio Northern University Doctor of Pharmacy program — which he decided on straight out of high school at age 18 — with $200,000 in student loan debt. After three years of Tim and his wife being on the Standard Repayment Plan and feeling like they were living paycheck to paycheck, they began aggressively paying back on the loans and were able to pay off the last of the debt in the fall of 2015.
Now Tim is a clinical professor of pharmacy and program director for the master’s program in Health-System Pharmacy Administration at Ohio State University. On top of that, he founded the Your Financial Pharmacist blog, co-hosts the Your Financial Pharmacist podcast and co-wrote the book “Seven Figure Pharmacist,” all of which are geared toward helping pharmacists realize their financial goals and achieve the lifestyles they want.
In today’s episode, you'll find out:
- Tim’s journey into pharmacy school at Ohio Northern University
- How the return on investment for pharmacy school has changed over the last decade
- Why it’s essential to be strategic and intentional with your choice of school and your debt repayment strategy
- How Tim ended up helping people in the pharmacy world with their money
- How Tim and his wife paid off his high student loan debt
- Train wreck situations and success stories Tim has seen in pharmacist finances
- Tim’s thoughts on how residency has become more important for future pharmacists
- Why the pharmacy profession needs to evolve — and what could happen if it doesn’t
- How someone can become a seven-figure pharmacist
- Whether or not Tim would support his children become pharmacists
Full show notes at: http://studentloanplanner.com/19
Justin Harvey is a brand new team member here at Student Loan Planner. As a student loan consultant, he’s hit nearly a hundred consults. He’s been in the financial industry since graduating from Villanova University in 2010.
After seeing the student loan debt his wife had as an anesthesia resident and how it’s impacted their lives, he launched his own firm in 2017, Quantifi Planning, which focuses on anesthesia and pain physicians with student loan debt.
In today’s episode, you'll find out:
- How Justin began working in the financial industry
- Why he decided to launch his own firm
- How he ended up consulting at Student Loan Planner
- Why it’s imperative to know what you’re doing before refinancing or consolidating your student loans
- When hiring a student loan planner instead of relying on your student loan servicer might be a better option
- Why “follow the money” should be your go-to phrase when choosing a financial planner
- Justin’s thoughts on poor student loan advice
- A few of his favorite anecdotes from consulting at Student Loan Planner
- Why he tells people to “question the assumptions” before incurring student loan debt
Full show notes at: http://studentloanplanner.com/18
Dr. David Donelson graduated from Tufts University School of Dental Medicine with $330,000 in student loan debt. After practicing in New York City for two years, he felt compelled to find a brand new environment and found himself in Dubai, United Arab Emirates. The foreign earned income exclusion has allowed him to tackle his student loans more aggressively.
He still currently practices in Dubai, where he’s been located for seven years. He plans to return to the U.S. in the next few years and to finally kick the rest of his student loan debt.
In today’s episode, you'll find out:
- David’s background in dental school at Tufts University
- His experience practicing dentistry in New York City
- How he ended up leaving the U.S. for Dubai
- Why living in Dubai helped David’s tax situation
- The cost of living in Dubai versus the U.S.
- How the foreign earned income tax exclusion works — and could help with student loan debt
- David’s tips for anyone wanting to practice dentistry in Dubai
- How being a dentist in Dubai compares to the U.S.
- David’s experience with refinancing his student loans
- How living in a tiny town can bump up your income
- His one regret while living in Dubai
- David’s advice for living abroad
Full show notes at: http://studentloanplanner.com/17
Lauryn Williams isn’t just a student loan consultant here at Student Loan Planner. She’s also a four-time Olympian and three-time Olympic medalist who grew up learning to save and work hard for what she had. Though she graduated without student loan debt, she had many friends who struggled under the pressing weight of it.
At only 20 years old, she began earning a $200,000 income, and she trusted financial advisers to sort out what to do with her money. But when those advisers didn’t end up having her best interests at heart, she decided to learn as much as she could about student loan financial planning to be the change she wanted to see in the world.
She earned her MBA and CFP and started her own financial firm Worth While in Oct. 2015, where she currently works along with performing consultations for Student Loan Planner.
In today’s episode, you'll find out:
- How Lauryn became one of the most prolific student loan consultants in the world
- What her experience in the Olympics was like
- How she transitioned from a career as a professional athlete into the financial industry
- Her personal experience with the private wealth management world
- Her path from being a track and field star in college to becoming the first American woman to win a medal in both the
- Summer and Winter Olympic Games
- Lauryn’s thoughts on professional athletes dealing with finances
- How she started her firm Worth Winning
- Why Lauryn is passionate about finances and helping people
Full show notes at: http://studentloanplanner.com/16
Dr. Amanda Endsor graduated from vet school with $168,000 in debt. She worked through school to make ends meet while accruing fewer student loans, and she had little support from her school when it came to handling her loans after graduating. She also continued her education into veterinary dentistry, and she’s now working to pay off her debt.
She currently practices veterinary medicine in Knoxville, Tennessee, where she’s also involved with Vinea, a women’s mentorship program.
In today’s episode, you'll find out:
• How Amanda decided on veterinary medicine and applied to vet school
• How she made her way financially through school
• Her thoughts on the lack of preparation and support from the school when it came to loan repayment
• The ethics of schools raising tuition
• Her reaction to her student loan payments right after graduating
• How Amanda came across Student Loan Planner and got help with her loans
• How Amanda talked with her husband about her vet school debt
• What it’s like to learn veterinary dentistry
• How Amanda got involved with Vinea, a women’s professional mentoring program
• Why women mentorship is so important
• Amanda’s advice for young women professionals
Full show notes at: http://studentloanplanner.com/15
If you have student loan debt and want to work either part time or not at all, this episode will blow your mind. Most people want to work less than they currently are, but they aren’t sure how they can afford to do so.
No matter your life situation, it can be confusing to know how you can make your payments while working less. The strategies I’ll share in this episode will help you know how to approach both federal and private student loan debt if you want to cut your work hours — and how to live your life the way you want to.
In today’s episode, you'll find out:
- Is it possible to work only part time (or not at all)?
- Can you work less even if you have student loan debt?
- What are reasons you may want to work less?
- How to negotiate a part-time work schedule with employers
- Strategies for paying student loans and preparing for a “tax bomb” while working less
- How can you pay less on your federal student loans if you work less?
- How to work less if you’re single
- Ways to approach private student loans if you want to work part time
- Can you take a sabbatical if you don’t work in academia?
- How to approach student loan debt if you want to be a stay-at-home parent
- How to handle student loans while living abroad and traveling
- What’s the Foreign Earned Income Tax Exclusion?
- Can you work part time while going for Public Service Loan Forgiveness?
- How to start limiting your budget and tracking expenses
Full show notes at: http://studentloanplanner.com/14
Jessica Cox found herself in $300,000 of student loan debt after attending law school in New York. She went through many trials like losing her scholarships after her first year of classes.
Despite the struggles during the first year, she was able to come back the next year and make the dean's list. It wasn’t easy, but Jessica graduated from law school and is now working to pay back her debt.
She's currently working in legal marketing and business development in Houston, Texas.
In today’s episode, you'll find out:
- Jessica's thoughts on law school after losing her scholarship after her first year
- Her thoughts on the bar exam
- What to do immediately after graduating law school
- What it's like to work as a legal manager?
- What moving to Texas did for Jessica's career
- Can you get get a license in one state and practice in another?
- Jessica’s first approach to tackling her student loan debt.
- What did she do to get a better idea of her debt and how did she start paying it back?
- How she used forbearance to help her get out of debt
- Will refinancing make any impact on my credit score?
- Has Jessica ever considered what impact her student loan debt can have on a future spouse?
- What piece of advice would Jessica give someone who hasn’t yet attended law school?
- What piece of advice would Jessica give someone who just graduated law school?
- My thoughts on the future of law schools.
- Is the schedule that a lawyer has worth the pay?
For more information, visit the show notes at https://studentloanplanner.com/13
If you are over 50 years old with student loan debt or know someone who is, this episode is going to be life-changing. There are 1.9 million people over the age of 50 who still have student loan debt.
It's no secret that the information surrounding most student loan debt is pretty bad and somewhat confusing. When you're in your 50s, 60s, and 70s dealing with student loan debt, it can be even more confusing as you deal with Social Security and different issues with Parent PLUS loans.
The student loan repayment strategies that I'm going to share in this episode will help you understand the core issues surrounding those who are 50+ with student loan debt, along with how to overcome them and get rid of the loans.
Full show notes at: http://studentloanplanner.com/12
Eric Meissner is a Marine JAG who knew there would be financial benefits to joining the military. Eric had some good mentors and family members who encouraged him to attend law school.
He went in with the intention of getting a portion of his loans forgiven on behalf of the military. Eric graduated from law school with a little over $120,000 of student loan debt and his loans just came out of deferment. In this episode, we'll be discussing his repayment options, what led to his career path as a JAG in the Marine Corps, and any tips that can help someone who's also looking into a military career but is concerned about student loans.
In today’s episode, you'll find out:
- What type of minor did Eric pair with his undergrad criminal justice degree?
- What led him to join the Marine Corps
- Did the military give any money for law school?
- What type of assistance the military offers
- How much debt Eric walked away with
- So what would Eric have done if he did not join the military?
- Are internships an option in the military?
- Do you get extra time added to your term if you ask for tuition assistance?
- What kind of income Eric can make as a JAG in the Marine Corps
- What the retirement system is like in the military
- Tips for law students who want to become a JAG
- Does your five-year contract with the military start while you're still in law school?
Full show notes at: http://studentloanplanner.com/11
Is student loan debt good or bad? This is a controversial topic because we hear all the time from colleges and universities that student loan debt is 'good'. Still having loan debt can be stressful, especially if you owe six figures.
If you've ever wondered is student loan debt was better or worse than others or even how to turn your loan debt from bad to good, this episode is for you.
In today’s episode, you'll find out:
- Which debt is worse, credit card or student loans?
- What is negative amortization?
- How much interest would you be paying at the end of say a PAYE plan?
- How student loan debt accrues
- How to change student loan debt from bad debt to good debt
- Is student loan debt good debt or bad debt?
- Is forbearance ever a good option?
- Are graduate school programs good investments?
- 6 Factors to look at to decide if a debt is good or not
- Good debt is tax deductible.
- How having a repayment plan in place can make life less stressful
- How to determine if refinancing is right for you
Links mentioned:
- Studentloans.gov
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Let's go back to the beginning when I landed my very first student loan consulting client. I’ve been very fortunate to have Elaina as a friend over the years and helping her with her veterinarian student loans is where it all began.
We met on a grouper date when a bunch of us got together and hung out. I actually was just helping out as a friend and didn’t take any sort of payment until I finally caved when she forced me to take some compensation.
Going through veterinary school, her student loan debt quickly piled up, but I was able to help guide her to the correct repayment methods for her situation.
In today’s episode, you'll find out:
- Private schools or public schools? Which is "better" for professional degrees in terms of student loan debt?
- Differences between a DVM and a VMD
- How many different vet schools did Elaina apply for?
- Working with someone you know and someone you don’t. (Travis as her SL advisor).
- If Elaina had a chance to look for and start a practice where would she look?
- What are the benefits of buying your own practice?
- Why don’t some veterinarians want to become business owners?
- What has been holding Elaina back from buying a practice?
- Retirement accounts experience - What and how much Elaina decided to invest in?
- Elaina’s ideal financial life?
- New or used car? What’s a better investment?
Full show notes at: http://studentloanplanner.com/9
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Financial independence is a goal that many people strive for. Two-thirds of Americans would rather be doing something else with their time than showing up to work. In this episode, I’m going to cover the FIRE movement and why people want to achieve it.
Also, how can you achieve FIRE when you’re juggling 6-figures of student loan debt? It’s definitely possible, and I’ll go over some ways that you can make it happen despite your massive loan debt.
In today’s episode, you'll find out:
• What does it mean to be financially independent?
• Why financial independence is not just a dream
• What if you are in a situation where you owe more than double your income?
• 10% or 20% of the population will be forced into retirement because of health problems
• Are your monthly memberships and your subscriptions worth it?
• Should you contribute as much as possible to your 401K?
• What kind of thoughts should you have when buying a car?
• Does actually loving your job affect any of this FIRE movement thinking?
Link to episode: https://www.studentloanplanner.com/8
Katelyn Bailey is a student at the National University of Natural Medicine studying Naturopathic and Chinese Medicine. She received her undergraduate degree in Bio-Psychology from the University of California, Davis.
Katelyn lives in Portland Oregon with her spouse and really enjoys the value a naturopathic doctor can bring to patients. In this episode, she talks about what having a career as a naturopathic doctor would entail and some of the main differences between naturopathy and other careers in the medical field. She's also done a great job limiting loans outside of student loans like her car loans and credit cards.
In this episode, you'll find out:
- How is the typical pay for naturopathic doctors in Oregon?
- What kind of medication can naturopathic doctors prescribe?
- When recruiting new students are some institutions overstating what a naturopathic medicine graduate will be potentially making after graduation?
- What is the 4% rule?
- Are residencies required for naturopathic students?
- Is it best to own your own practice after graduating?
- What type of retirement accounts should I open while still in school?
- How many accredited naturopathic colleges are there in the US?
- If she had a chance to start over. What would she do differently?
- What are two paths Katelyn can take to pay her loans back?
For more information, visit the show notes at https://studentloanplanner.com/7
Dr. Quinn Yost graduated from dental school with around $510,000 in student loan debt. From a young age, Dr. Yost knew he wanted to live in California during some point in his life.
He received the best scholarship that his private school offered and that only took care of half the tuition. Going through clinicals and actually working with the children changed his mind. Now a recent grad, he works for practice four days a week and is close enough that he can ride his bike to work.
Dr. Quinn is just one of many dental school graduates working hard to pay down massive student loan debt. I feel grads in a similar position can definitely relate to his story and implement some of the strategies he’s using to pay his debt off faster.
In today’s episode, you'll find out:
- The factors and decisions leading up to Dr. Quinn’s choosing which school to attend when he knew he wanted to go into pediatrics.
- How much extra it can cost to get a specialty in pediatrics.
- What his biggest mistake was in dental school and residency
- What he has done about his private loans so far, and what his future plans are
- How important it is to shop around with at least 3 companies when considering refinancing your private school loans
- When I suggest you shouldn't refinance your loans
- How he has dealt with his 15K in credit card debt while having student loan debt
- What the breadwinner loophole is and where it is offered
- What an in-school deferment wavier request is and how it can benefit you
- How to best compare PAYE and revised PAYE
- Options to prepare for the tax bomb
For more information, visit the show notes at https://www.studentloanplanner.com/6
There are 40 million people currently carrying student loan debt and about 3 million have six figures of student loan debt. Rob is one of our senior consultants who is a Charted Financial Analyst (CFA) and a Certified Financial Planner (CFP). He has done over 400 consults for Student Loan Planner and specializes in helping people who have student loan balances between $200,000-$400,000.
After meeting me at the Cortex Innovation Community in St. Louis and listening to a few of my consultations, Rob knew he wanted to join the team. After graduating college in 2001 and working a few jobs including one he worked at for 12 years, Rob knew his real passion was helping people find more money in their budget that they won’t miss. Rob began his career with Student Loan Planner in the Fall of 2017 when I started getting too busy with consultations and trying to produce articles for the website as well.
Rob has been an amazing addition to the team and friend, so I was super excited to interview him on the podcast this week.
In today’s episode, you'll find out:
- What type of careers Rob had before he joined SLP
- How starting his own business went
- How having a supportive spouse was beneficial when pursuing a new career
- How it's possible to raise a family and pay off your student loan debt
- His take on whether financial services should be free or come with a fee
- What he enjoys about working for Student Loan Planner
For more information, visit the show notes at https://studentloanplanner.com/5
Jenna is an RN who recently graduated with a masters and $150,000 in student loan debt. We're discussing the many different ways to pursue an RN degree today along with what to do about the student loans you could accumulate.
I'm grateful to have had the opportunity to sit down with Jenna and hear her story and a plan for tackling the nursing student loan debt. A large number of nurses are eligible for student loan forgiveness. The issue is they just aren’t informed about the program or their options. If she could do it all over again, would Jenna pursue a Master’s in nursing? We discuss this and more in the episode!
For more information, visit the show notes at https://studentloanplanner.com/4
Dental school debt is frequently $200,000 to over $600,000.
Even more for specialties like orthodontics, OMFS, endodontics, etc.
How do you do everything you want to do like buy a practice, save for retirement, have a family, etc.?
Samantha from https://thedebtist.com/ explains her thoughts on taking out tons of loans, how she made a $10,000 a year mistake with her repayment plan selection, her unconventional approach to debt, and more.
In this episode, you’ll learn:
- Where you’ll need great Yelp reviews to succeed and where your patients have yet to hear about “The Yelp”
- How Samantha is paying back loans in a way that I wouldn’t recommend, which is ok. However, she could be repaying her debt in a much smarter way.
- How your loan repayment can go together with travel, mission trips, and other non-financial goals.
- When you should refinance your student loans with a referral bonus: http://studentloanplanner.com/refinance-student-loans/
- How family expectations can influence your career choices.
- Samantha also shares what she’d do differently with her career if she could do it all over again.
For more information, visit the show notes at https://studentloanplanner.com/003
Why is Everyone Getting Rejected for PSLF Right Now? Recent stats for 2018 showed that only 96 borrowers out of more than 28,000 actually received loan forgiveness.
No one seems to understand the PSLF program. In fact, the acceptance rate for applications will be exponentially increasing over the next few years thanks to the “PSLF Snowball Effect.”
For more information, visit the show notes at https://studentloanplanner.com/002
The student loan crisis is looming. CFA and Student Loan Expert, Travis Hornsby, shows why almost every professional you meet these days owes more in student debt than a brand new Mercedes.
If you’ve got six-figures of student loan debt, this show is for you.
For more information, visit the show notes at https://studentloanplanner.com/001
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