October 4, 2022


Its all about the school

(Ep. 197) Student Loan Cancellation Complaints and Challenges

8 min read

The Biden Administration announced student loan cancellation, and it’s a pretty big deal. But a report was released this past week about potential lawsuits filed against the cancellation. It’s a lot to take in, but the outcome could have a huge impact on student loan borrowers. So, I’m breaking down the impact of the cancellation, what could happen if there’s a lawsuit, and how it fits together with the PSLF Waiver and IDR Waiver.

In today’s #StudentLoanPlanner episode, you’ll find out:

✅ If the student loan cancellation is struck down, what happens to the current student loan pause
✅ What is the risk of a lawsuit
✅ Why the new “Biden IDR” plan is a big deal
✅ What the new repayment and forgiveness plan does for borrowers
✅ How high-income earners with high student loan debt will be impacted
✅ How will schools react to the new plan
✅ What’s going on in the business, a personal update and special thank you to our listeners and readers

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Legal: Student Loan Planner is a financial coaching company and does not claim to provide financial advice on investment products. Refinancing federal loans causes the borrower to lose access to income-based repayment plans as well as the PSLF program. We may earn compensation from advertising partners when you click on links on our site. Student Loan Planner is not a debt settlement or debt relief company. We do not provide tax or legal advice.

#StudentLoanCancellation #StudentLoans

Source: Student Loan Planner

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