Insightful Principles

IP #119 What To Know: Biden Student Loan Forgiveness Plan


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IN THIS EPISODE, YOU’LL LEARN

  • 1:41- Student Loan Forgiveness Program Guidelines 
  • 2:15- What to do if you have private loans?
  • 2:48- Eligibility and options available if the relief program doesn’t apply to you?
  • 3:40- Extension of pause for the repayment of federal loans?
  • 4:07- Cutting monthly payments in half for undergraduate loans?
  • 4:30- Changes to the Public Self Loan Forgiveness Program?
  • 6:25- Increasing the amount of Pell Grant Recipients?
  • 8:35- Obtaining a degree that will give you an ROI?
  • 11:13- The responsibility is on us, not the government? 

Kevin explained Biden's plan for the Student Loan Forgiveness Program. He went over the guidelines for the program and eligibility process to receive some debt relief on your students loans. 
Kevin provided options for those that have private loans and are in a high income household that may need be able to get this relief. 
There is a three step plan that will be designed to help low income and middle income families pay back their loans. 
Overall, Kevin expressed his opinion on the student loan bubble and some solutions to help bring the debt down over time. 
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Insightful PrinciplesBy Kevin N Jenkins

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