Big Nelnet Problems and Summer Updates
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\u2019ll start with listener questions about the $12,000 10-year forgiveness option, Parent PLUS loans, and income-driven repayment (IDR) recertification dates. You\u2019ll 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.\xa0
In today\u2019s 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
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