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The Huge Problem of Payment Caps

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Manage episode 441552060 series 2471867
Kandungan disediakan oleh Travis Hornsby. Semua kandungan podcast termasuk episod, grafik dan perihalan podcast dimuat naik dan disediakan terus oleh Travis Hornsby atau rakan kongsi platform podcast mereka. Jika anda percaya seseorang menggunakan karya berhak cipta anda tanpa kebenaran anda, anda boleh mengikuti proses yang digariskan di sini https://ms.player.fm/legal.

Payment caps aren’t something most borrowers think about, but they can have a huge impact on anyone using an income-driven repayment (IDR) plan. With ongoing court battles that could reshape repayment options, it's more important than ever to understand what payment caps are, how they work, and why they could mean massive shifts in how borrowers handle their payments and pursue forgiveness.

In today’s episode:

01:03 How payment caps work under Saving on a Valuable Education (SAVE), Income-Based repayment (IBR) and Pay As You Earn (PAYE)

06:44 What happens if you can’t get on the income-based repayment plan?

11:51 Did the Biden administration’s handling of SAVE create more challenges for borrowers?

13:53 The final outcome hinges on Trump or Harris administration decisions

Like the show? There are several ways you can help!

Feeling helpless when it comes to your student loans?

Do you have a question about student loans? Leave us a voicemail here or email us at help@studentloanplanner.com and we might feature it in an upcoming show!

  continue reading

347 episod

Artwork

The Huge Problem of Payment Caps

Student Loan Planner

46 subscribers

published

iconKongsi
 
Manage episode 441552060 series 2471867
Kandungan disediakan oleh Travis Hornsby. Semua kandungan podcast termasuk episod, grafik dan perihalan podcast dimuat naik dan disediakan terus oleh Travis Hornsby atau rakan kongsi platform podcast mereka. Jika anda percaya seseorang menggunakan karya berhak cipta anda tanpa kebenaran anda, anda boleh mengikuti proses yang digariskan di sini https://ms.player.fm/legal.

Payment caps aren’t something most borrowers think about, but they can have a huge impact on anyone using an income-driven repayment (IDR) plan. With ongoing court battles that could reshape repayment options, it's more important than ever to understand what payment caps are, how they work, and why they could mean massive shifts in how borrowers handle their payments and pursue forgiveness.

In today’s episode:

01:03 How payment caps work under Saving on a Valuable Education (SAVE), Income-Based repayment (IBR) and Pay As You Earn (PAYE)

06:44 What happens if you can’t get on the income-based repayment plan?

11:51 Did the Biden administration’s handling of SAVE create more challenges for borrowers?

13:53 The final outcome hinges on Trump or Harris administration decisions

Like the show? There are several ways you can help!

Feeling helpless when it comes to your student loans?

Do you have a question about student loans? Leave us a voicemail here or email us at help@studentloanplanner.com and we might feature it in an upcoming show!

  continue reading

347 episod

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