(Another) emergency student loan update ... and more proof you need to sign up for The State of Student Loans Webinar on July 30th, 6pm CST!

REGISTER FOR THE WEBINAR!

EPISODE RESOURCES

Department of Ed Emergency SAVE Plan Press Release 

Click the link to register for the free upcoming webinar, The State of Student Loans, on 7/30/24 at 6pm CST!

Hear details (and ease your concerns) about a very misleading letter coming from MOHELA, as well as the consequences of failing to recertify income for IDR plans.

EPISODE RESOURCES

Sample letter from MOHELA

IDR Failure to Recertify Consequences

And if you haven't already, join our email list at escapestudentloandebt.com!

 An update to last week's emergency episode on The SAVE plan! 

 
EPISODE RESOURCES

Contact the Student Loan Ombudsman

SAVE Plan Emergency Episode

CNN Article

Sign up for Student Loan Updates

Tune in for an emergency student loan update on the SAVE plan and the pending end of the IDR Waiver and Pay As You Earn payment plan!

EPISODE RESOURCES

Direct Consolidation Application

https://studentaid.gov/loan-consolidation/

When PAYE Beats SAVE

https://podcasts.apple.com/us/podcast/when-pay-as-you-earn-beats-the-save-plan/id1641942083?i=1000644748013 

And if you haven't already, join our email list at escapestudentloandebt.com!

Can private student loans be forgiven?

PLUS

Musical chairs for the federal student loan servicers and more!
 

EPISODE RESOURCES

Navient Private Loan Forgiveness Application

https://static1.squarespace.com/static/62d6e418e8d8517940207135/t/664e4ce0340ea96a0aa70c72/1716407521054/Navient+School+Misconduct+Application.pdf

MOHELA Account Transfer Details

https://blog.ed.gov/2024/04/update-for-mohela-student-loan-borrowers/ 

01:03 Private Student Loan Forgiveness Program

04:38 Navient's Transition to Mojila

10:08 MoHELA's New Online Platform

14:16 Public Service Loan Forgiveness Transition

In this episode of Escape Student Loan Debt Podcast, host Brenton Harrison discusses how federal and private student loans affect your ability to buy a home.

He covers key components like credit scores and debt-to-income ratios, the differences between FICO and Vantage scores, and how student loans can influence these factors.

Additionally, Brenton explains how different types of mortgages handle student loan payments, including Fannie Mae, Freddie Mac, FHA, VA, and USDA loans.

The episode offers valuable insights for anyone navigating the complexities of student loans while seeking home financing.

EPISODE RESOURCES

FICO Score Calculation 

The CAIVRS Database 

Student Loan Mortgage Guidelines 

And if you haven't already, sign up for our email list at escapestudentloandebt.com!

00:00 Introduction to Student Loans and Home Buying

01:29 Understanding Credit Scores

04:06 Impact of Student Loans on Credit Scores

09:10 Debt to Income Ratio Explained

12:38 Types of Mortgages and Their Requirements

15:03 Private vs. Federal Student Loans

Tune in as we cover details of the latest extension of the IDR Waiver, and share why July 1st is an important day to be aware of for federal borrowers!

EPISODE RESOURCES

IDR Waiver Extension Announcement

How Does The IDR Waiver Work?

When PAYE Beats The SAVE Plan

And if you haven't already, sign up for our email list at escapestudentloandebt.com!

Does having student loans change your insurance needs?

Tune in and find out.

And if you haven't already, sign up for our email list at escapestudentloandebt.com!

Dig into the details of the latest Biden Loan Forgiveness Plan

EPISODE RESOURCES

https://www.ed.gov/news/press-releases/biden-harris-administration-announces-new-plans-deliver-debt-relief-tens-millions-americans

And if you haven't already, sign up for our email list at escapestudentloandebt.com!