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Student Loan Planner


Jul 14, 2020

Big changes are coming to student loan servicers and I’m talking about what it means for your bottom line, your life, and your anxiety levels. I’ll give you a rundown of who the new servicers are and my predictions on what will happen when they take over.

I also answer listener questions about PSLF payment caps, 1099 vs W2 earnings, and what happens to your credit score after student loan forgiveness.

 

In today’s episode, you'll find out:

  • The federal student loan program pre-2010
  • How the direct student loan system works now
  • Why the government outsources student loan servicing
  • My thoughts on the effectiveness of current student loan servicers
  • A rundown of the five new student loan servicers
  • Why I think hiring new servicers will be a disaster
  • What’s contributing to the ‘perfect storm’ in student loans
  • Why I think the CARES Act payment suspension will be extended
  • What to do to prepare for a servicer switch if you’re pursuing PSLF
  • How to prepare if you’re not pursuing PSLF
  • Why having a student loan plan in place now will make the transition easier
  • My advice on why you shouldn’t panic

Full show notes at: http://studentloanplanner.com/85


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