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Grab Bag Q&A: Navigating the Student Loan Repayment Maze
Episode 219

Grab Bag Q&A: Navigating the Student Loan Repayment Maze

Student Loan Planner · Travis Hornsby

February 7, 202343m 52s

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Show Notes

Join student loan consultants Lauryn Williams, CFP®, CSLP®, and Meagan McGuire, CSLP®, as they answer questions from clients about student loans. Learn about the revamped REPAYE plan, forgiveness timeline for undergraduate and graduate loans, and discretionary income guidelines for repayment.

They also dive into the tax implications of loan forgiveness, the difference between FFEL and Direct Loans, when the long-term benefits of federally held loans outweigh the advantages of refinancing, and more.

In today's episode, you'll find out:

  • Questions about the new repayment plan
  • The forgiveness timeline of the new REPAYE plan
  • When to save up for the tax liability to get ahead of the game
  • How the option of married-filing-separately could be impacted
  • Why you don't need to have a tax return to calculate your payment
  • What you need to know if you feel like you're the only one making student loan payments
  • How to get help with student debt
  • Why you may need a student loan consultation even if you think you don't
  • How do you go about the double consolidation on timing
  • When can you start preparing for the double consolidation
  • What to do if you've been laid off
  • How to get your money back if you've been making student loan payments during the payment pause

Link mentioned:

StudentAid.gov

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