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- 🤑 Will Navient cancel more loans?
🤑 Will Navient cancel more loans?
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Welcome to the 228 new readers this week! They've joined 15,212 readers getting B.S-free student loan news.
Hello friends,
Here’s what’s been happening this week:
đź’¸ Millions could get their private loans canceled (link)
⏸️ PSLF forgiveness will be paused from next week (link)
đź’Ş Biden thinks his new forgiveness plan will survive (link)
🛑 More states sue to block SAVE (link)
🆕 Video: How to get your loans forgiven in 2024 (video)
🎤 Q&A Fridays: How to retire with Parent PLUS loans (video)
Ready? Hit play 👇
đź’¸ Skwad: A simpler way to track your debts
We all know how hard it is to manage our loans and how tempting it is to ignore them. Skwad is a Mint alternative with a built-in debt tracker that helps you stay in control.
To try it, create an account, upload your transactions, and set up spending alerts from your bank to Skwad (no bank passwords needed).
Skwad takes care of the rest, logging and categorizing every transaction and automatically applying your loan payments to your balance. You'll get a complete picture of your financial health, plus intelligent insights and recommendations to help you become debt-free faster.
🔍 No time to watch? Here’s the low-down
đź’¸ Millions could get their private loans canceled
The Education Department has canceled a ton of federal loans under the Borrower Defense rule. But private borrowers never saw any of this relief. So now, as Navient prepares to transfer 2.7 million loans to MOHELA, Senator Warren has asked Navient to cancel the private loans for borrowers who attended fraudulent schools.
Hear my take (02:13)
⏸️ PSLF forgiveness will be paused from next week
Expect delays, servicer changes, and be sure to get your records in check—read the full story.
Hear my advice (08:39)
đź’Ş Biden thinks forgiveness will survive legal challenges
At this point, it seems like nothing will rain on Biden’s forgiveness parade. Find out why he’s so sure this new plan will survive legal challenges.
Hear my take (05:56)
🛑 Meanwhile, more states sue to block SAVE
And to be honest, I’m not so confident SAVE will make it through this one—here’s what I think will happen.
Read the story
🆕 Video: How to get your loans forgiven in 2024
I know it’s hard to keep up with all these forgiveness plans. That’s why I made this video, covering all the plans available right now—and how the legal challenges might impact your eligibility.
Watch the video
🔎 Prefer reading? A visual guide to Biden’s new plan
Last week, we created a visual guide to Biden’s new 5-part plan for all you readers. It’s designed for mobile, but works great on any device.
Get the guide
🎤 Survey: Help me give you more of what you need
Final call for this survey. If you haven’t yet, I’d love it if you could tell me who you are and what you’re struggling with. Your answers will help me help you.
Start the survey
🗣️ Q&A Fridays: How to retire with Parent PLUS debt
Last Friday, I gave Sarah strategies on getting her Parent PLUS loans under control so she can enjoy her well-earned retirement.
Watch the video
🤩 Ask me anything
Every week, I answer your questions in a Q&A video. Check out last week’s video. Got a question for me?
Share this newsletter with someone who’s struggling, and get this in return:
2 referrals: 1 x Entry into a giveaway for a free 1:1 call with me, Tate
10 referrals: I’ll answer your specific student loan question privately over email (the next best thing to a 1:1 session)
20 referrals: A free, 20-minute consultation with me (worth $200)
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Thanks for making it this far! I’ll see you again next Wednesday.
Can’t wait that long?
Take care,
Tate