EP 82: Student Loan Forgiveness - Who Actually Qualifies & Who’s Stuck Paying?

03/02/2025 43 min Temporada 1 Episodio 82
EP 82: Student Loan Forgiveness - Who Actually Qualifies & Who’s Stuck Paying?

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Episode Synopsis

We're joined this episode by certified student loan expert Glenn Sanger-Hodgson to tackle the complex world of college financing and student loan repayment. We'll break down three critical topics every parent and borrower needs to know: 1) The Parent PLUS Loan Trap – Why these loans come with the highest interest rates (9%+), how they accumulate quickly, and why doing nothing locks parents into costly repayment plans. 2) The Double Consolidation Loophole – A little-known strategy that can lower monthly payments and unlock access to more affordable repayment and forgiveness options—but must be completed before the June 30, 2025 deadline. 3) Loan Forgiveness & Repayment Plans – Who actually qualifies for federal forgiveness programs, how income-driven repayment plans work, and what parents can do to avoid financial strain. If you or someone you know is navigating student loans, this episode is packed with actionable insights to help.  Follow me on 👇 Instagram: @asktheplanman Facebook: Ask the Planman ✅“When you need some advice, always get it right, Come Ask the Planman!”✅ Contact Bruce! [email protected] Call us at 1-844-Planman Text PLANMAN to (321) 421-5213