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@ryans7097Ай бұрын
The biggest mistake of my life was deciding to go to grad school and taking out a mountain of student loans… what a joke this has all turned into. Higher education in America is a crime.
@tiffanysteen1845Ай бұрын
Bank loans education biggest scams I would skipped private education and grad school continuing to live at home to also SAVE money
@dm5129Ай бұрын
I noticed that too late and in reality had no idea how student loans could haunt borrowers. I had no idea what a massive expensive education system can do. It did help me in the job market, but alas, we are all scared of what can happen with the financial decisions that are not up to us but the government.
@HE3602 ай бұрын
The continued debate one whether they are going to forgive student loans is an example of how "they have money for war, but can't feed the poor".
@nsanenthembrane2 ай бұрын
Said the same thing the other day
@parler86982 ай бұрын
🇺🇦 IKR
@leslielewis40Ай бұрын
They got money to give loans to rich people and forgive them and not feed the poor. It’s legal to overthrow the government but illegal to be homeless. 🙄😒
@kristenw99952 ай бұрын
What happens to those of us that they automatically put on SAVE plan due to being on REPAYE? I am under PSLF. I am up for forgiveness as of May and they put this pause due to Mohela transition.
@rachaelwittern16742 ай бұрын
This is my question as well! My 120th payment was supposed to be tomorrow. I was also on REPAYE and was automatically put on SAVE.
@StudentLoanPlannerАй бұрын
You'll be able to remain on the SAVE plan for now and can still achieve forgiveness under PSLF. It's only cancellation strictly under the SAVE plan that is currently halted.
@StudentLoanPlannerАй бұрын
@@rachaelwittern1674 You'll be able to remain on the SAVE plan for now and can still achieve forgiveness under PSLF. It's only cancellation strictly under the SAVE plan that is currently halted.
@rachaelwittern1674Ай бұрын
@@StudentLoanPlanner thank you! This all had me quite nervous!
@kristenw9995Ай бұрын
@StudentLoanPlanner thank you so much for that answer!! I was praying PSLF would still apply to me. Waiting on the pause to be lifted before I apply again.
@Jake-pn7wrАй бұрын
Bless your hearts for making this video and answering questions. Thank you so much
@peterwestre10102 ай бұрын
The injunction is a PITA. The Alaska,SC, Tx case barely has standing. Frankly I would consolidate today if I had a FFEL loan held by any of those states. If they no longer have significant loans they will not have standing.
@dm5129Ай бұрын
I have trusted my student loan servicer and still will not consolidate, since I do believe that the government wants to work on solutions. A decision made to soon could cost even more dearly.
@tiffanysteen1845Ай бұрын
What if my spouse who don’t have debt works for post office do I still qualify for pslf or was that only based on my prior employment. We don’t know what’s going to happen that’s motto last 4 years!
@amazonw0manАй бұрын
People need to really think about the 5 year lock into SAVE considering the changes that will most likely keep happening over that time. It wasn't even created as a new plan, it changed another plan, and told you other changes would come over time. If you're in SAVE you're stuck with it at the 5 year mark. IMO its similar to a variable rate mortgage.. If you're in something else, you at worst can go back to old IBR as its in the promissory note which is a powerful FU response. If you're in save you are locked in, and you agreed to that part when signing up. Good luck making a case you didn't know it was going to change when it was built to change from the start and changes on the whim of an administration. If its so great why do they need to force you to stay on it after a relatively short period of time considering the the time of IDR plans? If you're within 5 years of IDR forgiveness, go for it otherwise consider that 4 years might be long enough if you're just starting repayment and looking at the 20/25 year timeframe.
@christianarbuthnotАй бұрын
I agree! It’s so concerning that nobody is making this point
@dm5129Ай бұрын
Actually it was a good decision and it was a favorable choice, we will see what changes happen now and if the block leads to more important changes, which certainly can happen.
@TheVelvetTallow2 ай бұрын
I had ffel loans, consolidated to direct a year ago to take advantage of the adjustment & am on save plan. Is being on the save plan going to automatically prohibit me from the IDR adjustment? I’m not eligible for paye plan due to age of my loans
@robertd61792 ай бұрын
Ditto that comment. Could you speak to that issue, please. 🙏
@StudentLoanPlannerАй бұрын
No, the temporary injunction for SAVE does not affect the IDR payment count adjustment.
@StudentLoanPlannerАй бұрын
@@robertd6179 No, the temporary injunction for SAVE does not affect the IDR payment count adjustment.
@dm5129Ай бұрын
I would like to believe that we should all still get more flexible solutions for our student debt plans.
@GM-qq3xd2 ай бұрын
As of now the best plan sounds to me is to not do anything tbh 😂
@dm5129Ай бұрын
Agreed, this is in the hands of government now, bad timing with the election coming up soon too. We have to sit tight.
@hearne93hearne10Ай бұрын
My loans will increase after 3 2025 it's ridiculous that was the whole point to get on the save plan I don't know what I'm going to do it's sad
@JonathanDuBose-wc3oiАй бұрын
One question that wasn’t addressed: the same regs that included the 10% to 5% AGI payment transition for SAVE also outlined periods of deferment and forbearance (including administrative forbearance for COVID pause) as being able to be counted towards forgiveness. Is this also at risk or do we know yet?
@dm5129Ай бұрын
I think it is too soon to tell.
@anniewolf8293Ай бұрын
I had to file together with my husband for certain reasons, while on the save plan. Will that ruin my save plan and kick me off?
@marks71922 ай бұрын
soooo. the very interesting plan to dbl consolidate parent plus loans and drop that result into the SAVE plan by 2025, is probably not a great idea to start until we find out who is the next pres...smh. thx for what you all do SLP. please keep us informed.
@StudentLoanPlannerАй бұрын
There are definitely a lot of variables to weigh. Adding that we recently hosted a PPL webinar. While the loophole closes July 2025, PPL borrowers should start this process at least 6 months before the loophole ends. Here is the webinar for those interested: kzbin.info/www/bejne/nqm9h5qqmrCLqLM
@dm5129Ай бұрын
That is just it, with the presidential elections coming up so much is up in lingo.
@user-rb9uh9gg7eАй бұрын
Soooo should I still consolidate my student loans by the June 30th or wait?
@StudentLoanPlannerАй бұрын
This is a difficult question to answer without a consult. Hopefully these blogs help: www.studentloanplanner.com/student-loan-consolidation-and-idr-waiver/ www.studentloanplanner.com/idr-waiver-how-to-qualify/
@dm5129Ай бұрын
I ain't consolidating until I truly know that is the best choice. And I don't think it is a superior choice compared to my current loan servicer.
@tray99847Ай бұрын
What about the ones with 20+ year loan, prior to 2023 under the save plan? If you've filed the 20 uear complaint, is this no longer a possibility?
@tray99847Ай бұрын
2003*
@StudentLoanPlannerАй бұрын
(You might be referring to the 20-year forgiveness for undergraduate loans under the SAVE plan). Unfortunately, all loan forgiveness under SAVE is currently cancelled due to this injunction.
@tiffanysteen1845Ай бұрын
It’s June 30! I’m on save with one loan left I consolidated when with Fedloans and paying on pslf plan. I’m no longer on that plan due to leaving the 9 to 5 grind. I paid off one loan during COVID but not the other which I regret not sending 23k I had in that account yet grateful bc we lived off it for last year and used it for emergencies like another car for cash
@tiffanysteen1845Ай бұрын
Only control we have is paying off this debt I graduated undergraduate in 04 it’s 20 years since graduating. 09-11 I was in grad school still paying the govt whose best interest is their own not ours. There should be discount or continuing consultations for existing customers bc situations change. Like I’m only doing gig work and biz work I’m no longer in social services drastically changing our annual incomes
@dm5129Ай бұрын
I don't have that much money and I always bear in mind that expenses like car payments and rent payments and food have to come first, therefore deciding to pay over long term even if that is taxed more heavily, but living expenses simply are more important. I have decided to pay off other debts that I can really pay off to lower the side bags of debt and then whichever debt, perhaps the student debt, comes along at least the financial blow will not be as severe.
@lisaschell4132Ай бұрын
STAY STILL!!
@CelesteJemАй бұрын
Omg that is so annoying!
@BonemanwalkinАй бұрын
Why is she walking around? So distracting
@StudentLoanPlannerАй бұрын
It was her first live event, relax
@CelesteJemАй бұрын
@@StudentLoanPlannerunderstandable, but it is extremely distracting to the viewer and makes it difficult to focus on the information at hand. Please point it out to your team.
@parler86982 ай бұрын
Save plan is going down like the Titanic.
@jppalm3944Ай бұрын
It’s a loan. Pay it back.
@chrisr72684Ай бұрын
no, some of us were lured into these trade schools which graded more off attendance vs grading on attaining the knowledge of the field. Diploma factories, not even using my degree. Graduated in Oct of 2009. I'm near 42K in debt.
@jppalm3944Ай бұрын
@@chrisr72684 so the government should reimburse all victims of fraud. Some were defrauded worse than you. As innocent as