It's the last call for the IDR waiver (aka IDR account adjustment). If you've listened to this podcast, you probably know what it is — but if you're not sure how the IDR waiver could benefit you, or if you have questions about PSLF, loan consolidation, or income recertification, this episode is for you.
I'll take you back to the beginning of the IDR waiver and walk you through it to make sure you get the most benefit before it expires on April 30th. You'll also hear answers to listener questions about loan forgiveness and repayment plans and get valuable insights into the upcoming changes in consolidation rules.
In today's episode, you'll find out:
- The final (final) deadline for the IDR waiver and the need for timely action
- The hidden strategy behind introducing the PSLF waiver before the IDR waiver
- Potential benefits of consolidating student loans and crucial considerations to keep in mind
- How the IDR waiver is a game-changer for borrowers with complex loan histories or multiple loans
- New options if you're thinking about loan consolidation
- A key tip for submitting employer certification forms for PSLF credit
- Why brining up the awkward topic of student loans with your friends could benefit you and your peers
- Common misconceptions about PSLF and employer certification, including a major myth busted
- How to find the recertification date for IDR and how to recertify income for income-driven repayment plans
- Strategies for handling recertification and loan consolidation to align with changes in income
- The role of HR and the cautious approach taken when attesting to employment details for PSLF
- How to turn in a new IDR application after loan consolidation
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