How to Pay Student Loans During the Next Recession

The next recession isn't a question of "if," it's a question of "when." Whether you're holding federal loans, private refinanced debt, or a mix of both, your strategy needs to account for what happens when the economy turns. We break down how credit markets actually affect your ability to refinance, why your required payment matters more than your interest rate, and the moves you can make right now to protect yourself before it's too late.Key moments:(01:40) Why slowing down payments in a recession can be a smart move(03:27) The problem with private student loans when the economy turns(05:36) How borrowing conditions in the broader economy set your refinancing rates(08:15) What happened to the refinancing market during COVID and 2008(11:14) Restructuring your loans now to prepare for a downturnResources mentioned:Studentaid.gov/idr for recalculating income-driven repaymentOne Big Beautiful Bill Act changes to federal student aid programsLike 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:Free Student Loan newsletterIf you are not already getting our weekly newsletter every Thursday, you are missing out. We break down studio loan news, updates, money tips, all in one helpful newsletter. Sign up for free at https://studentloanplanner.com/newsletterThe SLP YouTube ChannelIf you're more of a visual learner or you like seeing charts, breakdowns, and exploring other topics, check out https://youtube.com/studentloanplanner