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267: Student Loans Update: Repayment, Refinancing, and Potential Forgiveness w/Robert Farrington

267: Student Loans Update: Repayment, Refinancing, and Potential Forgiveness w/Robert Farrington

FromBiggerPockets Money Podcast


267: Student Loans Update: Repayment, Refinancing, and Potential Forgiveness w/Robert Farrington

FromBiggerPockets Money Podcast

ratings:
Length:
51 minutes
Released:
Jan 17, 2022
Format:
Podcast episode

Description

Student loan forgiveness was a hot topic during the 2020 election cycle. With so many outstanding student loan payments, will the government step in to wipe out the debt? While many theorize about this, Robert Farrington takes the opposite angle, urging those who have student loans to prepare for repayment, rather than cancellation. This way, even if your student loans get forgiven, you’re put in a financially advantageous spot.Robert runs The College Investor, a website dedicated to investing and personal finance for millennials. It comes as no surprise that the biggest thing on millennials’ minds are student loans, especially after two years of repayment moratoriums. So, how does someone strapped with student loans prepare for repayment, especially when so many variables are up in the air? Well, according to Robert, there are some simple steps you can take to make sure you’re paying on time and with as little stress as possible. Episode note: This episode was recorded prior to the new student loan pause, set to expire on May 1st, 2022. Mindy and Robert record a special intro to update listeners on the new dates set by the Biden Administration. All other topics discussed in the show, especially around repayment strategy, are still viable and accurate for those who have student loans.In This Episode We CoverThe most recent student loan repayment moratorium update The difference between federal and private student loans and which are preferable Refinancing your student loans and why most people shouldn’t Student loan forgiveness and whether or not it will come to fruition this yearSteps you need to take NOW to ensure you don’t miss a payment or accrue extra interest Which repayment plans work best for your lifestyle and allow you the most financial flexibility And So Much More!See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Released:
Jan 17, 2022
Format:
Podcast episode

Titles in the series (100)

For those who have money… or want more of it! Join Mindy Jensen and Scott Trench (from BiggerPockets.com) weekly for the BiggerPockets Money Podcast. Each week, financial experts Mindy and Scott interview unique and powerful thought leaders about how to earn more, keep more, spend smarter, and grow wealth.