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- 🤝 This SAVE Plan Is A Game-Changer
🤝 This SAVE Plan Is A Game-Changer
Welcome to the 125 new readers this week!
They've joined 7,478 readers getting no b.s. student loan news.
Hey ,
What’s good? Hope you’re having a great week.
Here’s what we’ve got for you today:
💚 Updates on SAVE, “the most affordable repayment plan in history”
📜 Biden’s plan B for debt cancellation—a law from 1965
🤔 What happens to the economy if we wipe out all this debt?
⏯️ New video: How to pay less (or nothing) for your private or federal loans
And more…
Fix yourself a drink and sit back while I talk you through this week’s news 👇
🔍 No time to watch? Here’s the low down:
💚 Biden’s SAVE plan will be a huge relief for borrowers
The highlights are:
They’re going to halve the amount that borrowers have to pay each month from 10% to 5% of discretionary income.
They’ll guarantee that no borrower earning under 225% of the federal poverty level will have to make a monthly payment.
They’ll forgive loan balances after 10 years of payments instead of 20 years.
They won’t charge borrowers with unpaid monthly interest.
📜Biden’s plan B for loan cancellation
Hours after the Supreme Court ruled against Biden’s $20k plan, he announced he’ll be putting the Higher Education Act from 1965 into action. It might take longer, but he’s hopeful this will pass. Let’s see.In case you missed it last week, here are the other ways the Biden administration is helping borrowers at this time
🤔 The economics of wiping out billions of dollars of debt.
A UC Berkeley graduate says she doesn’t want her debt wiped out. Easy for someone with less than $8k of debt to say. But still, she makes a good point that wiping out debt could hike up inflation and give colleges permission to increase tuition prices even more. Read her take.⏯️ New video: Discover all the ways you can pay less (or nothing) for your federal or private student loans.
🎙️ On Saturday 22nd July, I’ll host a live webinar about the forgiveness programs available. You can ask me questions and we’ll go through everything together. Register here.
It’s going to be super in-depth, so it’s $5 to register. You can attend for free if you refer 10 people to this newsletter.
🚀Student Aid TXT File Reader is OUT
To get access, just refer at least one person to this newsletter (link below). We send access emails every morning around 9am EST, so hang tight. And thank you for your patience. Already used it?
Tell me what you think!
🗣️ Referrals
Know someone who might like this newsletter? Share the love, and get this in return:
1 referral: Access to our exclusive Student Aid TXT File Reader
10 referrals: An invite to a live Q&A/webinar where I’ll answer your questions
20 referrals: A free, 20-minute consultation with me (worth $200)
Got questions or feedback? Drop them here 👇
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Take care,
Tate🤝 This SAVE Plan Is A Game-Changer