(Ep. 291) Last Call for PAYE, ICR and the IDR Waiver | July 1 Student Loan Deadline and Expiration

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A looming June 30, 2024, deadline means big changes for student loan borrowers. Student loan experts Lauryn Williams and Connor Pierce explain why this is the last call for the IDR waiver, Pay As You Earn (PAYE) plan and Income Contingent Repayment (ICR) plan. Learn what’s at stake with these benefits phasing out and how to avoid costly mistakes.
In today’s episode:
0:00 Introduction
03:58 Last chance for Pay As You Earn (PAYE) and why it’s crucial for professions with escalating incomes
13:30 Income Contingent Repayment (ICR) is going away for borrowers who don’t have Parent PLUS loans
20:24 IDR waiver benefits before they expire and why you might need to consolidate your loans before June 30, 2024
30:19 Undergrad borrowers on Saving on a Valuable Education (SAVE) could see their payments drop July 1, 2024
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Legal: Student Loan Planner is a financial coaching company and does not claim to provide financial advice on investment products. Refinancing federal loans causes the borrower to lose access to income-based repayment plans as well as the PSLF program. We may earn compensation from advertising partners when you click on links on our site. Student Loan Planner is not a debt settlement or debt relief company. We do not provide tax or legal advice.
#IDRwaiver #PayAsYouEarn #IncomeContingentRepayment #IDRaccountAdjustment #StudentLoanPlanner

Опубликовано:

14 июл 2024

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Комментарии : 9

@thatbossguy123 19 дней назад

Can you guys please do a video on the legal challenges that occurred to the SAVE program last night? Thanks

@meredith2277 17 дней назад

Thank you for your podcast, and how cool you are a former olympic athlete!!

@stevenlebowitz4892 19 дней назад

Good information! friendly FYI: Connors volume is very low and Lauryns volume is super high! Listening to this video was challenging due to having to adjust the volume every few seconds.

@d3po455 19 дней назад

Is the IDR waiver in jeopardy by the recent lawsuits? More specifically, if you have already consolidated to a Direct Loan and are enrolled in an IDR but are waiting on the results of the IDR waiver, what is the likelihood that the IDR waiver will be dismissed by these lawsuits? I think that is where most of us are sitting at this stage.

@patrick39432 19 дней назад

And if you have spousal consolidation, you're just screwed!🙂

@jenknight461 5 дней назад

I applied for reconsolidatation on April 30th, they are just getting around to actually processing the reconsolidatation in mid July. Will I still get the IDR waiver?