Contingency Plans for Your Student Loan Plan
Episode description
Worried about changes to your student loan payments? It could happen if the Saving on a Valuable Education (SAVE) plan is repealed. Student loan experts Megan McGuire and Sim Terwilliger share how they’re advising clients to rethink their repayment approach.
In today’s episode:
05:24 Parent PLUS loan borrowers need a plan B and plan C
13:44 Fill out a forbearance application to postpone or reduce student loan payments
24:07 Monthly income-driven repayments (IDR) can spike if you don’t update your income
31:49 PSLF buyback can give you credit for months that didn’t qualify before
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