Supreme Court struck SAVE down today. And these crazed mean ass WM taking about “pay your share” - UM no one is asking for freebies - paying $1200 in an economy like this is too much. I’m only asking reduce my payments to $300-$400 a month and I can swallow that.

I love the little library! GOALS~!

You missed the interest she paid in those 5years

I am just learning that now I qualify PSLF despite working for profit in California because of a new ruling regarding for profit medical groups staffing hospitals. I understand the deadline on June 30th, was just for consolidation right? It was explained to me that because I have all direct loans I wouldn't need to consolidate. I can still apply for PSLF? just would like confirmation as i don't want to get my hopes up if i can't apply. thank you

When these politicians stop raising prices. What you going to do for us. Remove 7 to 11 years off my credit do that on time.

For a federal student loan called FAFSA, it is a double whammy. It shouldn't be forgiveness. The payment should be in full. You borrow, then you pay or take one class at a time. Nobody forces you to take a loan.

This was really helpful!! Its awesome you included us ADHDers

Buying votes

The Dep. of Ed agent I spoke with knew NOTHING. He knew practically nothing except reading off a script.

Have been paying on parent plus loans since 2005. Retired in 2018 with lower income. Submitted an application for consolidation and ICR plan on 6/8/24. I will have a $0 payment amount which will definitely help. Just waiting for the payment recount adjustment to take place.

Thanks soo much for your video! I have 7 PP Loans and im still very confused as to how to do all of the consolidating 😢 I definitely want to use the loophole but im uncertain as to where i even start. Would I need to take 3 of the loans and consolidate those and then take the other 4 and consolidate those? Then do my final consolidation?

So you have to have worked for a qualifying employer while making at least 120 payments? So if I made say, 24 months of payments and then step into a job with the government, I would have to make at least 120 additional payments and keep working with qualifying employers?

what should we do if we missed this?

Do you have to work for a non-profit for 10 years?

Hi what should we do now that the court blocked SAVE again?

Thank you so much for the information. I have sole questions. So, as per the student loan(NELNET-.gov website) so we have for all groups - I mean the it will be 816$ total (monthly) or just 175$ as calculated by calculator by (studentaid.gov)monthly? I am so confused.The total amount for all the groups in NELNET shows 101k, for which 816$ is the monthly payment. So how much shall be paid, working in non-profit, and 30hrs+/week? Please help. I mean if we pay 816$ the combined loan(Direct GRAD, direct sub..), it will be 97k, so what shall we do?

Hello! I just recently graduated with my masters in teaching early childhood bilingual. My loans accumulated at 21k with an avg interest fee of 7.5% what would you recommend to do I want to finish quick on payments my yearly income will be about 80k which plan would you believe will best fit for my situation

how is a young adult able to plan a future owing all this money before starting a life for one's self? It's ridiculous! This was never about the individuals higher education, it's about guaranteeing the continuous movement of money. life sentence very sad

I think they have extended it again

---Republicans say "pay back your loans -- as you promised to do" ----democrats say "vote for us, and we will screw everyone else with your bills" How SAD.

Could you please not use "the government" this is a debt transfer to the backs of every American, including those that were responsible and those that never went to college. how sad that this is how democrats buy votes from misinformed people.

overall good 5 ideas.

you said "One guru guy...?" Dave Ramsey helps 20 million people per week get out of debt. so maybe eating rice and beans is good advice? hmmmm.

Quiet quitters need to start their own business. when they starve because they are forced to realize the effects of mediocrity, they will learn something.

the third category you talk about gets promoted because we live in a capitalist meritocracy. just think -- Michael sandel wrote a book on "the tyranny of merit" LOL

its called the pareto principle. and people wonder why the rich get richer? hmmmm

Do you have this in French. My parents are starting to age and I thought I will have the hard conversation on how our family economics are going with these Christian Student Loans.

Just for my own clarification, there is no time limit in which you have to be working at a qualifying employer correct?

Yo can we talk about the fake glasses? Why?

Thank you so much for your information, witty humor, and video imagery. All of your videos have provided a wealth of knowledge and helping me on this journey.

"1997" lollll😂😂

Dam I missed out just now seeing this.

Yeah this was trick. After everyone switched, the court gutted all the good stuff, so now you are off IDR with no forgiveness and now have to pay interest.

They did not debited my June payment. I am afraid it is not going to count.

If I have an FFELP Consolidation Loan did someone already comsolidate it for me? Sloan is my servicer, but as i went to consolidate i didnt know if it made sense to consolidate a loan i have been paying on since 2002, used to be like 20 loans in the past but I have no friggin clue whats going on.

I am 76 years old, still have student loans and on social security. I really would like to see loan forgiveness for us "wisdom timers".

😮

What about if I choose the extended standard and then when I’m able, I can make larger payments, like double or triple, when I’m able but then have that “security” of a lower payment if needed? I am currently considering refinancing my private loans but my federal rates are pretty low, but if I pay the standard, I can’t make massive payments on the private loans which are horrrribleeeeee rates 😫

Hello, I have two direct fed loans one subsidized and one unsubsidized. Should they be consolidated or just keep the two direct. Thank you

I was told my loan servicer that you don’t have to consolidate or do anything for the loan to be forgiven. You don’t do anything just wait for a decision. 🤷🏼‍♀️

Thank you @themoneylibrarian for the videos. I watched all of them before I went through the process. I've called Mohela a few times and the wait time was good. Its best to call early morning instead of afternoon. Everything on my end is done and I'm just waiting for approval for PSLF. I'll give you an update at the end of July.

For those who consolidated for the purpose of PSLF, Standard Repayment Plan does not qualify you for PSLF. Make sure you click the correct plan that qualifies you for PSLF when you apply to consolidate. If you see that aidvantage (they assist Mohela with Consolidation Processing) gave you an estimate on a standard or graduated Repayment Plan although you applied for SAVE, ICR or IBR, don't worry. Even if your Mohela statement stating your paying as a standard repayment plan, your loan says STANDARD because its by system default. You have to wait 90 days for your consolidation account to update to the correct plan that you originally applied for even if your currently paying your consolidation loan. Mohela informed me the following: Even if you made 110 payments during your qualified PSLF employment AND your still employed, your consolidation payments will count until you hit the 120. Therefore, you only would have 10 payments left for forgiveness. If your not actively employed, you need to find a qualified employer for PSLF to continue where you left of to count towards your 120 payments. Finally, if your currently paying a dramatic amount per month, you can go into Forbearance while your consolidation processing is complete! Once is updated after 90 days and the Standard Repayment Plan modifies to the one you applied for in order to qualify for PSLF, you can resume paying and praying for the PSLF status. Hope this helps.

How about if I'm on the save plan do I consolidate

PLEASE HELP ME ! I attended the art institute through 2004 but haven’t got any email yet about forgiveness. My loans are through NELNET. I watched your video and am rushing to consolidate on student aid.gov but when I got to the select your ADR plan screen both the SAVE plan option and ICR options are higher monthly payment than my Nelnet payment was - AND - say $0 forgiveness. I’m scared to consolidate ? Please help me I have so much anxiety about this and the clock is ticking

I am really confused I have student loans from undergrad 2013 and I also have student loans from grad school should I consolidate?

Hi! I would love some help to know if this benefits me. I work for a non profit now but I don’t think they qualify for the PSFL for some weird reason. I was able to switch to the SAVE plan from the income repayment plan, but it says it’s only $0 till 2025? I also have federal and private loans for my graduate school loans. Should I consolidate or does it not apply to me?

I was so excited to consolidate my loans! Look at me adulting! Then my credit score dropped b y 30 points! 🥲

if you’re not forgivness, You just recertified your debt that would soon expire and no payment was required.

This 2 year old video popped up in my video. It is the first time I've seen this topic honestly broached. I have however seen people struggle to get thier $1000 Emergency Fund for upto a year while they have high interest and high functional interest debt to include multiple accounts whose sum of balances owing was less than $1000. One of the functions of the snowball debt pay off is to increase budgetary cash flow so that additional debt can be paid off. Let's say Dolly has $200 extra in the budget to spend on either debt or savings. And also has a debt(s) that has a balance owing less than $200. For both short term cash flow (the minimum) and long term cash flow (total $ interest subverted from the budget to interest), Dolly would be better off paying off that low balance debt than stuffing the money into a cash envelope, savings account, or high yield savings account in my book both financially and psychological win wise. If in spending the first $500 extra (2.5 months) Dolly can free up $40 to $50 in minimum payments (say 2 debts with a $20 minimum or more each) it becomes tempting to payoff debt before putting any savings aside. This assumes Dolly has written a somewhat realistic budget, is keeping to that budget, and doesn't get hit with too many unplanned/ unbudgeted expenses. All the better if in 2.5 months, Dolly figures out how to reduce her other expenses and sinking funds between a little and a lot. Equally controversial, I like an "Unplanned Expenses" line item in the budget. For many $500 is a good amount. While the goal is to have such an accurate budget, high enough income, and smooth enough life to not need this money - its purpose is to be spent quicker than an Emergrncy Fund and be replentishable quicker than an Emergency Fund. And then work on the $1000 Emergency Fund followed by targeted/ spending specific sinking funds. The targeted sinking funds, complete with caps, to pay for things before they become an emergency. -All while realizing that true budget relief only comes via paying down and off debt.

Thats weird the user recommended apply for consolidation first then SAVE. They have an application where you can apply for both at the same time. I applied on student aid gov and my IDR came back first. consolidation is still processing.