Each state is working to certify the official election results, but we have an apparent winner in President-Elect Joe Biden. Given the history of Obama-Biden student loan policies, it's likely that we'll see some progressive changes that could affect the future of student loans.
Here are seven things that a Biden administration may try to achieve, and my thoughts on how that could affect the treatment of student loan debt going forward.
In today's episode, you'll find out:
- What a Biden administration could mean for the future student loans
- Why Biden might make applying for bankruptcy for student loans easier, and why it doesn't matter
- What forgiveness might look like under Biden's plan for borrowers
- What a compromised forgiveness expansion might look like
- Why reducing IDR payments could be bad for everybody
- How the REPAYE program was born and what that could mean for student loan reform
- How increasing Pell Grants could be a big win for working class or lower-income families
- Why eliminating the tax bomb likely won't happen in the next 4 years
- How making college free would cause the cost of tuition to skyrocket
- Why I think Biden's team grossly underestimated the cost of their student loan plan
- Will Trump extend the student loan interest and payment freeze
- When you should refinance your federal loans
- Whether you should refinance even if your interest is 0%
Full show notes at: http://studentloanplanner.com/103
Like the show? There are several ways you can help!
Feeling helpless when it comes to your student loans?
