Timeline and Predictions for Student Loans in 2024

Student Loan Planner

Get a sneak peek into what lies ahead in the world of student loans in 2024 as I discuss upcoming changes, potential scenarios and strategies you need to know. You’ll learn about administrative forbearance, income-driven recertification, the influence of the 2024 presidential election, and policy changes that could significantly impact you as a student loan borrower. There are many ways to save money right now on payments. So, if you want to stay ahead of the game, buckle up and get ready for an episode packed with valuable student loan insights.

In today’s episode, you'll find out:

• About the widespread impact of the current administrative forbearance on over 3.5 million people

• How the administrative forbearance is causing a political stir between Democrats and Republicans

• The challenges arising from policies announced through press releases instead of legislation

• How the 2024 presidential election might reshape student loan policies

• Whether the administrative forbearance is likely to conclude in early 2024

• The implications of income-driven recertification before March 2024

• How to get a refund for payments made during the forbearance period

• Strategies for lowering payments by self-certifying income until October 2024

• What the expiration of the IDR waiver means for borrowers

• How the new SAVE plan will alter payment plan rules

• The ripple effect of these changes on employers and personal finance strategies

• The potential for new cancellation rules and their impact on borrowers

• Consequences for borrowers with loans from 2007 to 2014 due to phased-out payment plans

• Proactive strategies for saving money as a student loan borrower

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Do you have a question about student loans? Leave us a voicemail here or email us at [email protected] and we might feature it in an upcoming show!