Episode 379: How the Income-Driven Repayment Waiver Can Help Student Loan Borrowers Get Closer to Forgiveness w/ Lauryn Williams

Journey To Launch

Jamila Souffrant

Finances, Business, Realestateinvesting, Entrepreneurship, Earlyretirement, Investing, Budgeting, Wealth

5 • 1.7K Ratings

🗓️ 19 June 2024

⏱️ 34 minutes

🔗️ Recording | iTunes | RSS

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Summary

This week on the Journey to Launch Podcast, I am sharing a conversation I had on IG Live with Lauryn Williams from Student Loan Planner. Lauryn provides crucial information for student loan borrowers about the Biden administration's Income-Driven Repayment (IDR) waiver for federal student loans, which can significantly impact loan forgiveness eligibility. The steps to take include: understand your loan type, consider consolidation, and take timely action before June 30, 2024 which is the deadline to maximize benefits.

In this episode, Lauryn shares:

What is the IDR Waiver and how it can help student loan borrowers get closer to forgiveness
Why borrowers with Federal Family Education Loan (FFEL) loans or those with multiple loan types should consider consolidation to benefit from the IDR waiver.
Where to go to see your loans and determine your next steps
How to stay informed about your loans and any future opportunities for forgiveness or adjustment if you miss the deadline + more.

Transcript

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0:00.0	The IDR waiver is going to help you get student loan forgiveness faster.
0:06.0	Let's just say you have not had a long history of paying your loans, but you still want to get forgiveness.
0:11.0	They're going to count time periods where you are maybe not paying your loans and get you closer to forgiveness.
0:17.0	So you want to sign up for a plan that is eligible for forgiveness by doing thisR. waiver piece of the puzzle.
0:23.0	T-minous 10 seconds.
0:25.0	Welcome to the Journey to Launch Podcast
0:28.0	with your host, Janila Sufrant,
0:30.0	as a money expert who walks her talk.
0:32.0	She helps brave journeyers like you, get out of debt, save, invest, and build real well.
0:40.0	Join her on the journey to launch to Financial Freedom in...
0:43.2	Five, four, three, two, one.
0:48.8	Hey, hey, journeyers, welcome to the Journey to Launch Podcast. I'm so excited, so honored that you took the time to sit and listen to an episode of the Journey's Launch Podcast.
1:05.2	This episode is going to be a little bit different.
1:08.0	Maybe you'll be able to tell or not when you actually listen to it,
1:11.2	but I thought it was really important to share this on
1:13.6	my podcast because I recently did an Instagram live with Lauren Williams of Student
1:21.4	Loan Planner and we talked about a very important topic,
1:25.0	Student Loans, and how you can potentially
1:29.0	get your student loans forgiven
1:31.0	due to some circumstances and deadlines coming up.
1:35.0	Basically if you're a student loan borrower paying back your federal student loans
1:40.0	using an income driven repayment IDR plan,
	...

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