Description

New repayment plans are opening the door to new loopholes for borrowers, including a new subsidy strategy. I'm sitting down with Senior Student Loan Advisor Meagan McGuire, CSLP®, to share an exciting new tactic with the SAVE plan that can help you subsidize all of your grad school loans.

Learn about weighted average of balances and its impact on loan repayment options, including Public Service Loan Forgiveness. You'll also hear eye-opening insights into the Department of Education's calculation errors that have affected hundreds of thousands of borrowers. 

In today's episode, you'll find out:

• The new subsidy strategy that's a loophole for grad school borrowers
• Why taxpayers file separately to lower student loan payments
• How to recoup lost tax credits by amending past tax returns
• Whether potential caps on Parent PLUS loans are fair
• The impact of calculation errors and issues with administrative forbearance
• How weighted average works and how it affects loan repayment
• About the mental toll and anxiety of borrowing student loans
• Predictions for the future of student loan policies and forgiveness programs

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Do you have a question about student loans? Leave us a voicemail here or email us at help@studentloanplanner.com and we might feature it in an upcoming show!