Jul 12, 2022
Biden’s Student Loan Changes & What They Mean for Your Student Loan Debt
The Biden Administration recently came out with a variety of sweeping proposals which are going to impact your student loans in a BIG way. These changes aren’t slated to go into effect until July 2023, but they might start even earlier than that. Join me as I break down the new changes to student loans that the Biden Administration proposed and what other changes we can expect from the Department of Education in the near future.
In today’s episode, you'll find out:
- How interest capitalization may impact your student loans
- New changes the Biden Administration made to the PSLF rules
- How to join our occupation-specific PSLF Facebook group for more support
- Borrower defense settlement applications, potential benefits and dangers
- What to do if you feel like your degree gave you no value
- How the Supreme Court might handle the Borrower Defense settlement
- Potential updates and impacts of student loan cancellation, payment restart, and more
- What new information there is about the upcoming IDR Plan
- Whether these recent changes to student loans will increase the inequality in student loan debt (spoiler: We think so…)
- If the student loan pause will be extended past August 31st, 2022
Links mentioned:
- Borrower Defense application
- Request an IDR and PSLF waiver webinar for your organization
- 17 Best Physician Home Mortgage Loans in 2022
- Use our free student loan calculator
- Manage Your Student Loans at studentaid.gov
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