Podcasts Business Student Loan Planner $700 million in Student Loans Forgiven in a Single Day

$700 million in Student Loans Forgiven in a Single Day

Published: Nov. 23, 2021, 6 a.m.

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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\\xae, CFP\\xae, 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\\u2019s 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\\u2019t actually happen
  • Why refinancing student loans to a lower interest rate isn\\u2019t 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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