Navigating Student Loan Forgiveness: The Truths and Possibilities with Will Butler

 Looking for expert guidance on managing your student loan debt? How can we separate fact from fiction when it comes to student loan forgiveness?   In this episode of The Uncaged Clinician, our host David Bayliff brings on expert guest Will Butler, also known as the financial physio, to discuss debt and forgiveness, specifically regarding student loans. They aim to provide objective information and options for business owners affected by the decision not to uphold student loan forgiveness. Will advises approaching the issue critically and emphasizes the importance of taking action rather than solely relying on information and articles.   The discussion also explores various options for borrowers, such as income-driven repayment plans, while highlighting the potential financial burden and the accumulation of interest over time. David addresses the concerns of borrowers reaching the end of an income-driven repayment plan and the potential tax implications they may face. Will brings his financial expertise to the conversation, particularly in debt management and financial planning for business owners, especially in the healthcare industry. Through their insights and strategies, the episode aims to assist business owners in effectively managing their finances and achieving growth in their cash practices.   They will touch on such topics as: Student loan forgiveness debate, how should people approach money and emotions, and incrementalism and how it works. Student loan forgiveness proposal, Biden Administration proposal for lump-sum forgiveness on hold, and the proposed changes to student loan repayment options. Income-driven repayment explained, how it works and how it helps those who have never paid on loans, and discussion n changes to the poverty line multiplier.  Talks about Accumulating interest and repayment, and how income-driven repayment plans cut the tax bill by 40-50%. “Forgiveness in income-driven loans is manipulation.” Lower monthly payments and savings, and the cost of student loans and plan changes throughout the years. The government's attempt to compromise in a difficult situation, repayment strategies and options, and loan forgiveness misconception. Uncaged Hack: “I think the more important thing is to reevaluate your situation and your strategy. If you were in repayment prior to the pandemic, you'll be able to use what you were last paid, at least for this first year, you can always they'll always take an updated income, especially if it's more to see that or if you've just started a business you can report.” - Will Butler   If you're ready to join our community of Uncaged Healthcare Professionals we have a 10-Week Uncaged Business Launchpad starting Thursday, July 27. This LAUNCHPAD includes EVERYTHING that you need to start your business on the right foundation to become UNCAGED! SIGN UP HERE!