Sep 6, 2022
The Biden Administration announced student loan cancellation, and it’s a pretty big deal. But a report was released this past week about potential lawsuits filed against the cancellation. It’s a lot to take in, but the outcome could have a huge impact on student loan borrowers.
So, I’m breaking down the impact of the cancellation, what could happen if there’s a lawsuit, and how it fits together with the PSLF Waiver and IDR Waiver.
In today’s episode, you'll find out:
- If the student loan cancellation is struck down, what happens to the current student loan pause
- What is the risk of a lawsuit
- Why the new “Biden IDR” plan is a big deal
- What the new repayment and forgiveness plan does for borrowers
- How high-income earners with high student loan debt will be impacted
- How will schools react to the new plan
- What’s going on in the business, a personal update and special thank you to our listeners and readers
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