Should You Do Anything Right Now About Your Student Loans?

I switched to IBR to get credit for the months for forgiveness.

I actually did not switch from paye to save because I knew this mess was coming, did not want the added uncertainty.

Very scary times with this new administration thank you for keeping borrowers informed

Great episode.
I'm struggling to figure out what if anything I can do with my parent + loans I took out for my son over the last 4 years, 100k 8n loans, they are currently in deferment while my son looks for a job and continues taking courses. I am retired at 60 years old with no income, and my wife is still working with a good income. Living in CA, USA
My son had agreed to reply the loans, but this is looking to be in question at the moment.
Can I qualify for an IDR if we file taxes separately?
Do i need to consolidate the loans?
We currently file taxes jointly and I'm looking at filing 2024 now.
Looking for guidance

Thanks

Nice shirt

If I wait it out, and buy back months in 5 years when I am due for PSLF. Will they use my new income (it will be a lot higher in 5 years as I’ll be out of residency an be a doctor) or will they use my income of when the months happened?

If I wait it out, and buy back months in 5 years when I am due for PSLF. Will they use my new income (it will be a lot higher in 5 years as I’ll be out of residency an be a doctor) or will they use my income of when the months happened?

I just found out I'm eligible for forgiveness now that I can buy back those months of in-school deferment while I was in grad school. Going to do that this week.

So what’s your answer to the first question

Can't blame servicers for moving slow until they receive direct instructions from the current Dept. of Education--or whatever becomes of it.

I applied for IBR and am waiting for them to process it.

I took the proactive step of permanently moving to Mexico.

I actually reverted back to a standard payment program… I am about two years away from PSLF…but grim as things look… don’t take that forgiveness as a perfect transition.

The loan is still handled by MOHELA and I feel that MOHELA itself is questionably under threat. The ideologies of both regimes set out to use this Student Loan Crisis as an ideological-into-policy tug of war.

I still am not sure how much the federal government had inter-meshed with MOHELA, being that it disassembled the App and transitioned the website to a “.gov” one. That to me, under the prior regime, shows the amount of influence MOHELA received by the Dept. of Ed. under the last regime.

So two years is what I have, but that two years is probably going to see massive restructuring yet, especially if the current executive office convinces congress and the senate; or just as much the Judicial branches into allowing radical changes beyond simply talk.

I guess my point is.. To me SAVE is perhaps a beginning.. but maybe not an end to the changes that potentially could occur.

I am hopeful that I am wrong, as to me too much change is unstable. And so far that is an outlook of what is happening.

Thank you for your very informative channel and the detailed work you place into it.

Edit: I want to add that I went back to standard about 18 months ago. Just for those that may think this was an election decision.. it wasn’t… it just seemed more simple to be on the standard program for my personal financial strategies.

Any legislation to cap tuition? What’s the plan as inflation continues to re-accelerate from here?

Mohela wait time on the phone is about 4 hours 😮😢

I’m here for info on PSLF info

PSLF, automatically switched to SAVE because I was REPAYE. Now I don’t know what to do with just 29 payments left. I have to put off retirement from public school now to take care of these 29 months.
I don’t know if I should switch to something else or wait it out. 😩

I believe you should still apply for PAYE. I was on PAYE previously also consolidated and borrowed as an old borrower and still was on PAYE. Just try worst thing is they reject you. I'm attempting to get back on it right now.

I’m 20 payments away from PSLF forgiveness. I printed out my current count from student aid. I printed out my promissory notes so I have records of my loan in case the websites go down for whatever reason. Keep good records guys. Cover yourselves.

Reuters just came out with an article saying that the 8th circuit just ruled that SAVE is unconstitutional. It does not say anything for the PAYE, REPAYE, AND ICR, however.

EDIT: The Missouri Attorney General just made a press release on this.

EDIT: Forbes is saying all plans under ICR are not eligible for any forgiveness, though it appears people can still be on ICR and PAYE to have lower required payments.

I am at the beginning of my "investment journey", planning to put 385K into dividend stocks so that I will be making up to 30% annually in dividend returns. any good stock recommendation on great performing stocks or Crypto will be appreciated.

This title was miss leading is QA episode

USE A WET SIGNATURE IF YOU WANT TO GET OUT OF SAVE INTO IBR IT WORKS WITHIN A WEEK!

You will all be forced to pay back the money you borrowed ! As you should , hope he charges interest

D.O.G.E. is one of the greatest things that has happened in recent memory. I don't expect anything to change with the main funding for education in this country, but it's great to see another poorly run, possibly corruption Government agency gutted. We have to start somewhere. I have to completely disagree with your framing of things at the end of the video. Regardless, thanks for the update

What if I have q6 payments left until pslf, I plan to buyback 7 of those leaving 9. I have the qualifying time for employment already but need the payments. Do my payment months have to match my employment months? Can I file for the buyback and switch off save to a new plan to make a lump sum for the remaining 9 months?

In April, I'm going to consolidate my Federal loans with SOFI to get a lower interest rate and pay them off.

What's going on with IDR adjustment. Does the credit we have from SAVE gets transferred over to IBR?

I didn’t know that my parents plus loan was due and missed 3 payments so my credit dropped 120 points that’s what alerted me. I logged in and requested forbearance while I figured it out. What are my options?

Parent Plus Loans that are 16 years old. They are too high per monthly. What is available to me?

I just went on to student aid website and the applications for IBR are not available due to the court injunctions

The student aid website is shutdown.. we are too late. Who knows what they will change before its back up.

I was at 95/120 payments towards my PSLF with expected forgiveness in March of 2027. I logged in this morning and they took away 2 of my payments so I’m at 93/120 with estimated forgiveness in May 2027. 😡😤 I am soooo ticked off.

I have made 123 payments on PSLF and I’m on the SAVE plan. Should I just switch to IBR now or wait it out?

T and m are gonna f us all

Is double consolidation still an option?

Appreciate your commentary.

I swear I was on paye and my loans originated 03-08, and my consolidation was 2010. I also swear I was just reading that if I got into save they’d roll me back to paye. Idk it’s been like five years since I’ve even made a payment, so I really don’t remember.

Regarding mohela: I wasn’t seeing my payment history from mohela took over my payments on my mohela account, and nothing was on my fed account. I wasted an hour on hold with mohela with no answer. I logged in like a week ago and it was all there. The info might not be loaded yet. But once I could see my info, I printed every screen of my payment history (there was no way to export it). But I don’t trust either the Feds or mohela to properly document my qualifying payments at this point.

I left non profit last march with 11 months left on pslf or so I thought. I learned very recently that I had uncertified qualifying payments from working at another non profit prior to graduation. I got the notification the employment period was eligible today! Everything is processing I stumbled upon your channel and listening to it now. Hopefully this worked out just in time for me given everything going on right now. They say it takes 90 days to process.

More PPL INFORMATION PLEASE

Hi what's going on with the Icr repayment plan? I'm 2 payments away from Pslf on and Icr payment plan and now worried