Final countdown for the IDR Waiver
b'
Time is running out for the IDR Account Adjustment. The so-called \\u201cIDR Waiver\\u201d is the biggest backdoor student loan forgiveness program in history, and it\\u2019s 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\\u2019t know you were eligible for it. I\\u2019ll clarify some common misconceptions about the Waiver and shed some light on potential regrets for those who miss the deadline. Then, we\\u2019ll 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.\\xa0
In today\\u2019s 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\\u2019ll have to wait for a payment count adjustment after the IDR Waiver
What to do if you\\u2019re on the SAVE and PAYE income-driven repayment plan
Misconceptions about the SAVE plan\\u2019s interest payments
The best strategies for post-IDR Waiver student loan repayment\\xa0
Common borrower challenges, including filing taxes separately, navigating PAYE repayment plans and consolidation issues for Parent PLUS loans
Links mentioned:\\xa0
Payment Count Adjustments
SAVE Repayment Plan
Biden-Harris Administration IDR Announcement
\\xa0
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\\xa0
- Subscribe to the newsletter
\\xa0
Feeling helpless when it 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!
'