Student Loans 101: A timeline & a breakdown

Networth and Chill with Your Rich BFF

Vivian Tu

News, Business, Careers, Business News, Entrepreneurship

4.4 • 1.6K Ratings

🗓️ 26 July 2023

⏱️ 24 minutes

🔗️ Recording | iTunes | RSS

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Summary

On this week's episode of Networth and Chill, I'm tackling one of the most requested topics, student loans. Student Loan forgiveness has in the news a lot lately, and with the recent Supreme Court ruling putting a halt to President Biden's plan, many people are wondering what is going to happen when payments start back up again. I'm breaking down the recent news, and what the next steps towards student loan forgiveness might look like. Plus I'll be giving some advice on what to do if you know you'll be struggling to make your payments.

Got a financial question you want answered on a future episode? Text me or leave me a voicemail at 908-858-3410.

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Transcript

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0:00.0	What is up rich friends, welcome back to another episode of Network in Chill with me,
0:10.8	your host Vivian2, aka, your rich BFF and your favorite Wall Street girly.
0:15.7	And today we are chatting about a topic that has been the hottest point of discussion
0:20.2	over the past few weeks, dun dun dun, student loans.
0:24.2	Over the next 20 or so minutes, I'm going to help break down what exactly is going on
0:28.5	with student loan and student loan forgiveness right now, what the facts are and what you
0:33.3	should know going forward and how it's going to impact you.
0:36.6	I hope that this episode is super relevant and actionable, so don't be shy about getting
0:41.2	out a piece of paper and a pen to take notes or typing in the notes app of your phone,
0:46.4	but please just don't do that if you're driving because I know a lot of you guys listen
0:49.5	to this on your commutes.
0:51.1	But let's go ahead and get to it.
0:53.0	And obviously I can't talk about what's happening today without rewinding and going back
0:57.6	to the beginning of this.
0:59.4	The whole conversation around student loan forgiveness didn't even start as student loan
1:03.8	forgiveness.
1:04.8	At the beginning of 2022, when the COVID-19 pandemic spread across the US and across the
1:12.2	globe, it was no surprise that people were being put into dire financial positions.
1:18.5	A lot of people ended up losing their jobs.
1:20.9	They were facing hardships that they were not anticipating.
1:24.3	People were really concerned about paying their rent and buying groceries and another big
1:28.6	issue that folks were struggling with is paying their student loan debt.
	...

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