The Biden Administration announced student loan cancellation, and it's a pretty big deal. But a report was released this past week about potential lawsuits filed against the cancellation. It's a lot to take in, but the outcome could have a huge impact on student loan borrowers.

So, I'm breaking down the impact of the cancellation, what could happen if there's a lawsuit, and how it fits together with the PSLF Waiver and IDR Waiver.

In today's episode, you'll find out:

• If the student loan cancellation is struck down, what happens to the current student loan pause
• What is the risk of a lawsuit
• Why the new "Biden IDR" plan is a big deal
• What the new repayment and forgiveness plan does for borrowers
• How high-income earners with high student loan debt will be impacted
• How will schools react to the new plan
• What's going on in the business, a personal update and special thank you to our listeners and readers

Like the show? There are several ways you can help!

• Follow on Apple Podcasts, Spotify or Google Podcasts
• Leave an honest review on Apple Podcasts
• Follow on Facebook, Twitter, or LinkedIn

Feeling helpless when it comes to your student loans?

• Try our free student loan calculator
• Check out our refinancing bonuses we negotiated
• Book your custom student loan plan