Domino Effect From SAVE Settlement

The SAVE plan lawsuit settlement just kicked off a seismic shift in federal student loan repayment, and it's not just about picking a new plan. Find out exactly how the forbearance clock is running out for millions, what you need to know about the new RAP repayment plan, and why 2024 and 2025 tax returns are going to hit especially hard for anyone recertifying with higher income.We also look at strategies to avoid payment shock, the latest on Parent PLUS consolidation, and ripple effects for people banking on loan forgiveness or stuck in limbo with borrower defense claims.Chaos is coming, but you don't have to figure it out alone.Key moments:(01:56) Why some borrowers have 90 days to switch to a new repayment plan(06:21) How recertifying with 2024 or 2025 tax info could shock your monthly payments(08:24) When refinancing might make sense again (and why more borrowers are considering it)(12:04) Urgent deadlines and steps for Parent PLUS loan borrowersLike the show? There are several ways you can help!Follow on Apple Podcasts, Spotify or Amazon MusicLeave an honest review on Apple PodcastsSubscribe to the newsletterJoin SLP Insiders for student loan loopholes, SLP app and member communityFeeling helpless when it comes to your student loans?Try our free student loan calculatorCheck out our refinancing bonuses we negotiatedBook your custom student loan planGet profession-specific financial planningDo you have a question about student loans? Leave us a voicemail here or email us at [email protected] and we might feature it in an upcoming show!Mentioned in this episode:Tips I Can't Share PubliclyGetting our free newsletter? Upgrade your experience and discover student loan loopholes so good, they might get repealed if I talk about them publicly. Find out my very best thought leadership that I really just can't be open about anymore, unfortunately. If you want to get our very best tips, not just the ones that I can share for free. Go to studentloanplanner.com/insider to get a special discount for your year membership. Want more? Check out our other podcastStarting to think beyond your student loans? Check out our other show, Financially Free Era. It's about what comes next, investing, building wealth, and designing a life you actually want. Find "Financially Free Era by SLP Wealth" in your podcast app.