About this episode
A lot of borrowers are concerned about what would happen if the Department of Education gets eliminated. We'll walk through exactly what can and can't change based on the law, from Public Service Loan Forgiveness (PSLF) and Income-Driven Repayment (IDR) plans to the impact on your student loans. Plus, I'll give you clear guidance and action steps to prepare your finances. If you're worried about recertifying your income or wondering if you should refinance, this episode will help calm your nerves and give you practical steps to protect yourself. Key moments: (03:20) Your IDR payments could spike if you don't plan for how you'll file your tax return (04:54) Potential PSLF and IDR program changes that could affect your forgiveness (10:24) What a Department of Ed shakeup could mean for your student loans (14:33) The debt-to-income formula that determines your best loan strategy (19:41) The reconciliation bill could reshape IDR programs Like the show? There are several ways you can help! Follow on Apple Podcasts , Spotify or Amazon Music Leave an honest review on Apple Podcasts Subscribe to the newsletter 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 Get profession-specific financial planning 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!