Student Loan Chaos: What You Must Know Before the End of 2024
Tuesday, December 03, 2024
Student Loan Chaos: What You Must Know Before the End of 2024
Lauryn Williams dives deep into the complexities of the student loan world. From the SAVE plan and income-driven repayment options to Parent PLUS loans and Public Service Loan Forgiveness (PSLF), Lauryn shares valuable insights to help borrowers navigate uncertainty and take control of their financial future. Whether you're juggling six-figure debt or looking to maximize repayment strategies, this episode offers actionable advice for optimizing your student loans during a time of legislative and administrative changes.
Lauryn breaks down the latest developments in the student loan world, offering actionable steps for borrowers. Whether you're pursuing forgiveness, managing Parent PLUS loans, or wondering how the SAVE plan impacts you, this episode provides clarity to help you prepare for the end of 2024 and beyond.
Key Takeaways
- Lauryn’s journey to becoming a student loan expert and why helping borrowers is so rewarding.
- The challenges with the SAVE forbearance plan and its impact on borrowers seeking Public Service Loan Forgiveness (PSLF).
- Why PAYE and IBR repayment plans might be the safest options amid ongoing changes.
- The importance of stacking cash if you’re on SAVE forbearance and aiming to pay off your loans.
- How the PSLF buyback program works and what to consider before it changes.
- Strategies for Parent PLUS loans, including the double consolidation loophole and why time is of the essence.
- Updates on the IDR account adjustment and why it’s critical for borrowers before administration changes.
- December’s flurry of anticipated updates and how to prepare without missing key opportunities.
Links & Resources Mentioned
- For more information about the SAVE plan and updates on student loans, visit StudentAid.gov
- Learn more about the PSLF Buyback
- Get help with your student loan plan: studentloanplanner.com/author/lauryn-williams
About Lauryn Williams
Lauryn Williams is a Certified Financial Planner, Olympian, and financial educator passionate about helping people take control of their finances. Lauryn also hosts the Welcome to Wealth Retreats, designed to help individuals create actionable financial plans while traveling and experiencing new cultures. Learn more about her speaking services and retreats here.
Follow Lauryn on Social Media:
- Follow Lauryn on Instagram: @worthwinning
- Follow the Worth Listening Podcast: Apple Podcasts | Spotify
- Connect with Lauryn on LinkedIn: linkedin.com/in/lauryn-williams
Hi, I'm Lauryn
Certified Financial Planner
Welcome to the Worth Listening podcast and blog where we focus on having positive and productive conversations about money.
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