Student loan Updates starting July 1st 2026. Episode 269

This episode of The Social Work Rants Podcast, marks the season finale of Season 12 focusing entirely on important student loan updates effective July 1st. Nearly 7 million borrowers would receive 90-day notices from their loan servicers requiring them to choose a new repayment plan, with borrowers who fail to select a plan being automatically enrolled in either a standard plan or new tiered standard plan with higher monthly payments. The episode detailed various repayment options including the Repayment Assistance Plan (RAP), Income-Based Repayment (IBR), PAYE, ICR, and the new tiered standard plan, emphasizing that each person's financial situation is unique and requiring careful consideration of personal finances. I recommended following experts and past podcast guest Dr. Sonia Lewis (the student loan doctor) and Robert Farrington (the college investor) for updated information, and stressed the importance of understanding Public Service Loan Forgiveness (PSLF) status for those close to forgiveness.#studentloans #studentloanforgiveness