Why Most Borrowers Will Get Forgiveness Now (Even Those With Small Balances)
It sounds shocking, but it\u2019s a reality we can\u2019t ignore \u2014 and this isn\u2019t 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\u2019s the new SAVE repayment plan that\u2019s 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\u2019ll discover the key moves you should consider and why freeing yourself from student loan debt could happen sooner than you think.
In today\u2019s 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 \u201cmicro\u201d 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
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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!