About this episode
Join me in this episode as we delve into the PSLF waiver report card. While I'm thrilled to see a growing number of individuals in our community receive forgiveness through the PSLF waiver, the low 20% success rate highlights the confusion borrowers face in determining where to apply and which loans to consolidate. I'll then draw a comparison between the PSLF waiver and the student loan forgiveness initiative, which boasted a much higher 60% take-up rate and a simplified application process. Finally, we'll assess the successes and disappointments of the Biden administration's student loan relief initiatives to date. In today's episode, you'll find out: The confusion among borrowers that led to the low success rate of the PSLF waiver Why student loan debt cancellation faced legal challenges, but the PSLF waiver did not How the PSLF waiver widened the racial wealth gap The difference between PSLF and IDR waiver The biggest determining factor on the success of the IDR adjustment Why the student loan cancelation plan is entirely political The importance of the 12/36 rule What it takes to get transformational savings on your student loans How modifying an existing income-based repayment plan can be dangerous 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!