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đź‘€ Will elections threaten forgiveness?
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Welcome to the 156 new readers this week! They've joined 12,346 readers getting no B.S. student loan news.
Hey there,
This week I’m bringing you good news, old news, predictions and a heads up.
Let’s get into it.
🙏 Forgiveness is coming early (for some)
đź’ Will the elections threaten forgiveness?
🤝 Consolidation check in
⛔️ More scams and how to spot them
And more…
Got yourself a drink? Great. Come join me👇
(Psst…I answer your questions at 08:08)
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🔍 No time to watch the video? Here’s the low down
🙏Forgiveness is coming early (for some)
On Friday, the Biden administration said it’s fast-tracking a part of SAVE. From next month, borrowers enrolled in SAVE who took out less than $12,000 and have been paying for 10+ years will get their remaining debt wiped out.
See who’s getting it
đź’Will the elections threaten forgiveness?
Frankly, I don’t know. My best guess: if democrats are re-elected, we’re good. If republicans get in, they’ll certainly make forgiveness harder to get. But I still believe your forgiveness credit will be safe.
Here’s my full take (00:10)
🤝Consolidation check in
I’m getting a lot of consolidation questions lately. “Can I escape Spousal Consolidation Loans?” “Is it possible to lower Parent PLUS Loan payments?” The short answer is yes. The long answer is right here in this deep dive—check it out.
⛔️ More scams and how to spot them
Unsurprisingly, scammers are riding this forgiveness wave and freaking a lot of you out.
Here’s how to spot a scam (05:55)
🤩 Ask me anything
At the end of each newsletter video, I answer some of your burning questions. Share yours, and come back next week (or the next) for an answer. If you’ve asked a question, scroll back up and watch the video.
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Thanks for making it this far. As always, if you need advice specific to your situation, I’m right here to help you.
Take care,
Tate