Navigating Public Service Loan Forgiveness: Cases, Nuances, and Updates
Meagan McGuire, CSLP®, and Lauryn Williams, CFP®, are here to help you navigate the latest changes and updates to student loans. They start with an inspiring story of a father who shouldered his children's education debts with a Parent Plus loan, only to discover that recent changes now allow forgiveness. Plus, they reveal how the COVID forbearance measure has made Public Service Loan Forgiveness (PSLF) even more advantageous, with a three-year credit towards loan forgiveness. The two share expert tips on repayment plan combinations, navigating community property state laws, and leveraging the latest PSLF Help Tool developments. You’ll also see how Parent Plus loan borrowers can pursue loan forgiveness, even if you thought it was impossible. In today’s episode, you'll find out: There is no clear language on the technical implementation of the IDR waiver yet A case study on whether to consolidate an undergrad loan to get closer to PSLF forgiveness How the standard ten-year plan compares to PSLF for Parent Plus loans How the new IDR waiver allows credit for unconsolidated Parent Plus loans towards PSLF A big update on how to submit an employment certification form for payment count How spouses can maximize income-driven forgiveness by filing taxes separately The importance of using different repayment plans in different situations A case study strategy to lower payments using the double debt loophole The impact of state community property laws on student loan repayment How the new REPAYE plan could change repayment strategies for couples Which loans are (and are not) eligible for refunds Resource mentioned: PSLF Help Tool Like the show? There are several ways you can help! Follow on Apple Podcasts, Spotify or Google Podcasts Leave an honest review on Apple Podcasts Follow on Facebook, Twitter, or LinkedIn Feeling helpless when it comes to your student loans? Try our free student loan calculator Check out our refinancing bonuses we negotiated Book your custom student loan plan 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!