Student Loan Planner

A timely discussion of what happens as we face down the expiration of the IDR waiver. Will the administration extend it at the last second? We don't know (as of the time of the recording). But one thing is sure: Borrowers can expect seismic shifts as the IDR waiver ends. It's been key to unlocking the forgiveness gates for many, but its flexible counting of nearly any kind of payment toward forgiveness expires at the end of April. We'll recap the IDR waiver and its benefits and explore what happens after the IDR waiver ends. Get clarity about your next steps and the implications of these changes on your student loan repayment journey. In today’s episode, you'll find out: Links mentioned: StudentAid.gov Like the show? There are several ways you can help! Follow onApple Podcasts,SpotifyorAmazon MusicLeave an honest review onApple Podcasts newsletter Feeling helpless when it comes to your student loans? Try ourfree student loan calculatorCheck out ourrefinancing bonuseswe negotiatedBook yourcustom student loan planGet 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!

Roth IRAs are a highly recommended retirement savings option but it’s not all smooth sailing. Student loan repayment, income limitations, and tax filing status can lead you to treacherous waters. Learn the missteps to avoid and how to correct mistakes before they escalate into hefty fines and taxes. Join student loan advisors Meagan McGuire, ChFC®, CSLP®, Sim Terwilliger, CFP®, CSLP®, and Sam Silberstein, CFP®, CSLP®, and explore contribution deadlines, the pro-rata rule, form 8606, the impact of being in a community property state, and how dual-income households should strategize their student loans and retirement savings. If you’re tired of cookie-cutter advice, you don’t want to miss this episode. In today’s episode, you'll find out: Like the show? There are several ways you can help! Follow onApple Podcasts,SpotifyorAmazon MusicLeave an honest review onApple Podcasts newsletter Feeling helpless when it comes to your student loans? Try ourfree student loan calculatorCheck out ourrefinancing bonuseswe negotiatedBook yourcustom student loan planGet 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!

It's the last call for the IDR waiver (aka IDR account adjustment). If you’ve listened to this podcast, you probably know what it is — but if you're not sure how the IDR waiver could benefit you, or if you have questions about PSLF, loan consolidation, or income recertification, this episode is for you. I’ll take you back to the beginning of the IDR waiver and walk you through it to make sure you get the most benefit before it expires on April 30th. You’ll also hear answers to listener questions about loan forgiveness and repayment plans and get valuable insights into the upcoming changes in consolidation rules. In today’s episode, you'll find out: The final (final) deadline for the IDR waiver and the need for timely actionThe hidden strategy behind introducing the PSLF waiver before the IDR waiverPotential benefits of consolidating student loans and crucial considerations to keep in mindHow the IDR waiver is a game-changer for borrowers with complex loan histories or multiple loansNew options if you’re thinking about loan consolidationA key tip for submitting employer certification forms for PSLF creditWhy brining up the awkward topic of student loans with your friends could benefit you and your peersCommon misconceptions about PSLF and employer certification, including a major myth bustedHow to find the recertification date for IDR and how to recertify income for income-driven repayment plansStrategies for handling recertification and loan consolidation to align with changes in incomeThe role of HR and the cautious approach taken when attesting to employment details for PSLFHow to turn in a new IDR application after loan consolidation Links mentioned: The American Rescue Plan The Department of Education Federal Student Aid Like the show? There are several ways you can help! Follow onApple Podcasts,SpotifyorAmazon MusicLeave an honest review onApple Podcasts newsletter Feeling helpless when it comes to your student loans? Try ourfree student loan calculatorCheck out ourrefinancing bonuseswe negotiatedBook yourcustom student loan planGet 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!

The Public Service Loan Forgiveness (PSLF) program is undergoing major changes. The government is taking over processing from MOHELA, and a temporary pause is expected in May and June. How will this affect you? First, don’t panic — PSLF isn’t shutting down. The government is simply pausing processing while they transition everything over. But you’ll want to take a few proactive steps to safeguard your payment count before the transition happens. Listen in as I dissect the real reasons behind these changes. Could it be a strategic move in the future student loan management? Find out how it can impact your forgiveness: Like the show? There are several ways you can help! Follow onApple Podcasts,SpotifyorAmazon MusicLeave an honest review onApple Podcasts newsletter Feeling helpless when it comes to your student loans? Try ourfree student loan calculatorCheck out ourrefinancing bonuseswe negotiatedBook yourcustom student loan planGet 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!

It sounds shocking, but it’s a reality we can’t ignore — and this isn’t just about folks burdened with 6-figure student loan debts. Now, even if you have a smaller loan balance, you have a path to student loan forgiveness. It’s the new SAVE repayment plan that’s making it possible. Listen in as we explore key factors shifting borrowers away from repayment toward forgiveness, from the increase in discretionary income allowances to the potential for accelerated forgiveness. You’ll discover the key moves you should consider and why freeing yourself from student loan debt could happen sooner than you think. In today’s episode, you'll find out: Like the show? There are several ways you can help! Follow onApple Podcasts,SpotifyorAmazon MusicLeave an honest review onApple Podcasts newsletter Feeling helpless when it comes to your student loans? Try ourfree student loan calculatorCheck out ourrefinancing bonuseswe negotiatedBook yourcustom student loan planGet 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!

To put it bluntly, MOHELA has student loan borrowers jumping through hoops to get things done, and it’s been extremely frustrating. Countless delays and mistakes being made, hours of being on hold or even being hung up on by servicers… the list goes on! In this episode, hosts Sim Terwilliger, CFP®, CSLP®, Sam Silberstein, CFP®, CSLP®, and Ben Lacomis, CSLP® join forces to shine some light on everything MOHELA is doing wrong. You’ll get tips and tricks to protect yourself from their mistakes. You’re not alone in this, folks! Let’s talk about what you can do to get the forgiveness you deserve and avoid falling for MOHELA’s mischief. In today’s episode, you'll find out: Links mentioned: Student Loan Borrower Protection Center Like the show? There are several ways you can help! Follow onApple Podcasts,SpotifyorAmazon MusicLeave an honest review onApple Podcasts newsletter Feeling helpless when it comes to your student loans? Try ourfree student loan calculatorCheck out ourrefinancing bonuseswe negotiatedBook yourcustom student loan planGet 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!

We’re standing at the edge of a major financial cliff that no one is ready for. Student loan forgiveness is happening at unprecedented rates — $138 billion and counting. Right now, borrowers are enjoying tax-free forgiven student loan debt courtesy of the American Rescue Plan. However, these benefits are set to expire at the end of 2025, leaving borrowers to face a tax cliff with unknown consequences. We’ll explore the legal skirmishes already bubbling, like the Kansas Attorney General’s case against the SAVE plan, and analyzing their impact and preparing for the potential scenarios ahead. I’ll also highlight the vital deadlines you need to know, like the expiring IDR waiver and the barrier to new entrants for the Pay As You Earn plan that’s coming up in July 2024. In today’s episode, you'll find out: Like the show? There are several ways you can help! Follow onApple Podcasts,SpotifyorAmazon MusicLeave an honest review onApple Podcasts newsletter Feeling helpless when it comes to your student loans? Try ourfree student loan calculatorCheck out ourrefinancing bonuseswe negotiatedBook yourcustom student loan planGet 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!

For those of you stepping into new roles, congratulations! This milestone comes with a lot of things to think about, from managing lifestyle inflation to understanding the impact of major purchases on your future. We’ll uncover valuable insights on income-based student loan payments, refinancing options, and how to approach big decisions like whether to rent or buy a house. I’ll help you unpack the price-to-rent ratio so you can make a well-informed decision based on financial and personal factors. We'll also discuss contract negotiations, gender disparities, non-compete agreements, and the importance of getting the most out of your benefits package. In today’s episode, you'll find out: Like the show? There are several ways you can help! Follow onApple Podcasts,SpotifyorAmazon MusicLeave an honest review onApple Podcasts newsletter Feeling helpless when it comes to your student loans? Try ourfree student loan calculatorCheck out ourrefinancing bonuseswe negotiatedBook yourcustom student loan planGet 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!

Like the show? There are several ways you can help! Follow onApple Podcasts,SpotifyorAmazon MusicLeave an honest review onApple Podcasts newsletter Feeling helpless when it comes to your student loans? Try ourfree student loan calculatorCheck out ourrefinancing bonuseswe negotiatedBook yourcustom student loan planGet 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!

Deadlines for updating your income and family size information for your IDR plan have been extended to late September 2024, at the earliest.

Are you curious about business ownership? Whether you're just flirting with the idea of starting your venture or already knee-deep in entrepreneurship, this show is packed with actionable advice to help guide your journey. We'll explore why setting boundaries is not just a buzzword but a fundamental practice for any successful business owner. You’ll also discover specific strategies to carve out a profitable niche, edge out competition, and utilize barriers to your advantage. But the key takeaway here is that student loan debt shouldn’t be a barrier to your dreams. So grab your notepad, and let's jump into the world of business ownership with a clear head and a strategic mindset. In today’s episode, you'll find out: Like the show? There are several ways you can help! Follow onApple Podcasts,SpotifyorAmazon MusicLeave an honest review onApple Podcasts newsletter Feeling helpless when it comes to your student loans? Try ourfree student loan calculatorCheck out ourrefinancing bonuseswe negotiatedBook yourcustom student loan planGet 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!

Tax season got you scratching your head? Let’s clear the fog. Join me and Rebecca Bauldauf, CPA, CCFC, from the SLP Wealth tax team, as we navigate the maze of taxes, student loan planning, family dynamics, and long-term financial strategies. Whether you're flying solo or juggling the finances of a growing family, you’ll discover actionable tips that could lead to substantial savings, from the ins and outs of tax service fees to strategies for retirement savings and dealing with the IRS. And if you're in search of a long-term financial ally, learn how to find the right tax help that aligns with your goals. Get ready to reshape your financial approach and transform your tax strategy! In today’s episode, you'll find out: Like the show? There are several ways you can help! Follow onApple Podcasts,SpotifyorAmazon MusicLeave an honest review onApple Podcasts newsletter Feeling helpless when it comes to your student loans? Try ourfree student loan calculatorCheck out ourrefinancing bonuseswe negotiatedBook yourcustom student loan planGet 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!

Financial advice has never been more accessible — or more questionable. Are you ready to tackle the truth behind those viral finance hacks you’ve seen online? The barrage of personal finance advice on platforms like TikTok is a siren song, promising financial security and a life free from money worries. But those tips can affect more than just your wallet. Some might get you a slap on the wrist, while others could land you in legal hot water. Join me as I sift through the noise of self-proclaimed “experts” peddling easy wealth, from misleading tax credit pitches and hazy tax advice to exaggerated real estate loopholes and sketchy investment opportunities. Discover how to distinguish between genuine advice and deceptive, flashy pitches to build a solid financial foundation that can withstand the trends and temptations of our times. In today’s episode, you'll find out: Like the show? There are several ways you can help! Follow onApple Podcasts,SpotifyorAmazon MusicLeave an honest review onApple Podcasts newsletter Feeling helpless when it comes to your student loans? Try ourfree student loan calculatorCheck out ourrefinancing bonuseswe negotiatedBook yourcustom student loan planGet 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!

Are you ready to strip away the layers of your financial life? We’re unbuttoning the secrets of debt management and financial planning. We cover everything from the impact of inflated car prices on credit and the potential risks and benefits of home equity lines of credit (HELOCs) to debt management strategies and the potential tax implications of forgiven debt. Senior Student Loan Advisors Sim Terwilliger, CFP®, CSLP®, and Meagan McGuire, ChFC®, CSLP®, share expert insights on debt consolidation, budgeting for recurring expenses, and the significance of prioritizing mental health while working towards financial goals. Get ready to shed some light on your financial wardrobe with valuable tips to help you become debt-free and financially empowered. In today’s episode, you'll find out: Like the show? There are several ways you can help! Follow onApple Podcasts,SpotifyorGoogle PodcastsLeave an honest review onApple Podcasts newsletter Feeling helpless when it comes to your student loans? Try ourfree student loan calculatorCheck out ourrefinancing bonuseswe negotiatedBook yourcustom 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!

The world of real estate can feel overwhelming. The rewards can be incredible, but it’s a journey filled with highs and lows. Joining me is Student Loan Advisor Rebecca Baldauf, CPA, CCFC, and Senior Student Loan Advisor and partner in SLP Wealth Dan Rooker, CFP®, CSLP®. They’re sharing their experiences with multifamily properties, I open up about my challenges with home renovations, and together we’re getting real about real estate investment and why you shouldn’t let student loans get in your way. You’ll learn about savvy tax planning, investment strategies that can make a big difference, and what it takes to get Real Estate Professional Status. Whether you're already dipping your toes in the real estate waters or just real estate-curious, this episode is a fountain of insights, personal stories, and expert advice. In today’s episode, you'll find out: Key tax-saving strategies and depreciation tricks in real estate How to calculate property depreciation from the purchase price Why real estate taxes are different from other investments The impact of real estate investment on financial health and lifestyle How real estate influences income-driven repayment plans Why refinancing real estate in changing market conditions can be a smart move What Real Estate Professional Status is and how to get it When to use 1031 exchange to defer capital gains tax in real estate The good and the bad of investing in owner-occupied properties How passive real estate investments like REITs factor into taxes Why tax planning is crucial when renting out personal residences What bonus depreciation is and how it can help you build wealth Links mentioned: BiggerPockets Coach Carson Like the show? There are several ways you can help! Follow onApple Podcasts,SpotifyorGoogle PodcastsLeave an honest review onApple Podcasts newsletter Feeling helpless when it comes to your student loans? Try ourfree student loan calculatorCheck out ourrefinancing bonuseswe negotiatedBook yourcustom 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!

Just in time for tax season, I’m unraveling the complex tax strategy of married filing separately. You might have heard that it’s a game-changer, especially for folks with student loans. But it’s not at all straightforward. You’ll learn the dos and don’ts, and I’ll uncover tips to help you avoid costly mistakes and even find some savings along the way. We’ll talk about everything from how your and your spouse’s income can play a huge role to unexpected losses like tax credits and deductions. Also, if you're juggling things like adoption expenses, dependent care credits, or figuring out the best way to handle your retirement contributions, I've got you covered. Student loan borrowers on an IDR plan, don’t miss the best tip: find out how delaying your tax filing just might be in your best interest. In today’s episode, you'll find out: Links mentioned: Get profession-specific tax help with SLP Wealth Like the show? There are several ways you can help! Follow onApple Podcasts,SpotifyorGoogle PodcastsLeave an honest review onApple Podcasts newsletter Feeling helpless when it comes to your student loans? Try ourfree student loan calculatorCheck out ourrefinancing bonuseswe negotiatedBook yourcustom 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!

Get a sneak peek into what lies ahead in the world of student loans in 2024 as I discuss upcoming changes, potential scenarios and strategies you need to know. You’ll learn about administrative forbearance, income-driven recertification, the influence of the 2024 presidential election, and policy changes that could significantly impact you as a student loan borrower. There are many ways to save money right now on payments. So, if you want to stay ahead of the game, buckle up and get ready for an episode packed with valuable student loan insights. In today’s episode, you'll find out: About the widespread impact of the current administrative forbearance on over 3.5 million people How the administrative forbearance is causing a political stir between Democrats and Republicans The challenges arising from policies announced through press releases instead of legislation How the 2024 presidential election might reshape student loan policies Whether the administrative forbearance is likely to conclude in early 2024 The implications of income-driven recertification before March 2024 How to get a refund for payments made during the forbearance period Strategies for lowering payments by self-certifying income until October 2024 What the expiration of the IDR waiver means for borrowers How the new SAVE plan will alter payment plan rules The ripple effect of these changes on employers and personal finance strategies The potential for new cancellation rules and their impact on borrowers Consequences for borrowers with loans from 2007 to 2014 due to phased-out payment plans Proactive strategies for saving money as a student loan borrower Like the show? There are several ways you can help! Follow onApple Podcasts,SpotifyorGoogle PodcastsLeave an honest review onApple Podcasts newsletter Feeling helpless when it comes to your student loans? Try ourfree student loan calculatorCheck out ourrefinancing bonuseswe negotiatedBook yourcustom 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!

Want to build up your savings or cut costs in 2024? From filing taxes and saving on insurance to buying a car and saving for travel, I’m bringing you 10 ways you can save at least $1,000 this year. And some of these can potentially save you $10,000 or more. The best part? These are strategies you can learn and do on your own. Of course, you can enlist the help of a financial expert if you want more support on your journey. Just know that you have the ability to stash away a good chunk of money this year… and who knows, maybe you’ll finally be able to take that vacation you’ve been dying to go on! Plus, you’ll learn how to get a limited-time discount on our investing course, Six-Figure Debt to Six-Figure Net Worth. In today’s episode, you'll find out: How to lower your tax bill with tax-loss harvesting How car buying services (like Costco or Sam’s Club) can save you money on a new car The best way to save on flights, hotels, car rentals, and other travel necessities When to put off income recertification for income-driven repayment plans Why the stock market’s 26% gain in 2023 could be bad news If you should increase your policy deductibles Why “shopping around” for insurance policies is more than a marketing gimmick The effect of the difference in tax rates for saving vs. investing Why you should open a retirement account if you’re self-employed When to opt for a brokerage account instead How to file taxes the smart way Why you’re uniquely positioned to weather a potential stock market downturn Links mentioned: More ways to save money and cut costs with our Six-Figure Debt to Six-Figure Net Worth course Membership clubs like Costco and Sam’s Club Travel discounts at Hotwire and Hotels.com Like the show? There are several ways you can help! Follow onApple Podcasts,SpotifyorGoogle PodcastsLeave an honest review onApple Podcasts newsletter Feeling helpless when it comes to your student loans? Try ourfree student loan calculatorCheck out ourrefinancing bonuseswe negotiatedBook yourcustom 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!

We recently conducted a survey where thousands of our listeners generously shared their financial dreams for 2024. Listen in as I explore the top 10 financial goals straight from our audience. We’ll tackle debt management challenges, explore various paths to financial independence, early retirement, and personal fulfillment. You’ll get practical, actionable tips to fast-track your financial success. Whether your dream aligns with those shared by our audience or you’re pursuing your own unique goal, I’ll guide you on how to make it a reality. Let's dive in and discover the knowledge, tools, and path to help you achieve your financial goals in 2024 and beyond. In this episode, you'll find out: Like the show? There are several ways you can help! Follow onApple Podcasts,SpotifyorGoogle PodcastsLeave an honest review onApple Podcasts newsletter Feeling helpless when it comes to your student loans? Try ourfree student loan calculatorCheck out ourrefinancing bonuseswe negotiatedBook yourcustom 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!

As 2023 comes to an end, it’s the perfect time to think about smart student loan moves you should make in 2024. First, I answer listener questions about administrative forbearance, consolidating loans, tactics for keeping student loan payments low, in-school deferment waivers and more. I’m not just helping you prepare for the upcoming shifts in student loan repayment plans, I’m also looping you in on tax advantages, smart deferment methods and common payment pitfalls that might have slipped under your radar. Get ready to step into the New Year with valuable insights and a solid game plan for your student loans. In today’s episode, you'll find out: Links mentioned: Get answers with our tax teamBook a call now!doctor mortgage calculator