Sep 3, 2024
With recertification deadlines for income-driven repayment (IDR) plans being pushed back repeatedly, there's a growing concern that borrowers may be hit with unexpectedly high payments once these delays finally end. This situation is creating what I call the “IDR recertification time bomb.”
In today’s episode:
03:37 Payments could skyrocket to 10 or even 20 times their
current amount
07:03 IDR recertification could lead to chaos if the courts nix the
Saving on a Valuable Education (SAVE) plan
13:57 Resources for student loan borrowers to prepare
themselves
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