Student Loan Planner

Get ready for a tax revolution that could save you a fortune. Today, I'm diving into how smart tax planning, when combined with savvy student loan repayment strategies, can shield you from giving Uncle Sam more than his due. Discover why having a trusted advisor who understands the nuances of your profession, earnings, and debt is vital, the influence of the new SAVE plan on married couples' filing status, and the ramifications of the IRS and Department of Education's data sharing for your wallet. With complex rules and your financial future in the balance, we're blending tax advice with wealth management to bolster your loan repayment plans — and for a short period, we're dropping the sign-up fee.

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

• How our survey on the SAVE plan and data sharing reveals crucial tax insights many don't know
• Why the new SAVE plan is swaying more couples to file taxes separately
• Must-know tax planning tips for student loan holders to sidestep future financial pitfalls
• Whether filing a tax extension could be a smart income move
• Best practices for claiming dependents in complex tax situations
• Tax structuring secrets for married borrowers in community property states
• What the latest IRS rules and your debt situation mean for loan forgiveness options
• The urgent call for coordinated tax planning in light of automated IRS-Education Department data sharing
• The often-overlooked long-term expense of DIY tax software like TurboTax
• The financial logic behind our bundled financial and tax planning services launching now
• A sneak peek at next-level tax strategies we'll explore in upcoming episodes

Links mentioned:

• Find out more about SLP Wealth
• Book an onboarding call with SLP Wealth

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
• Subscribe to the newsletter

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

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!

The world of student loans is not just about debt. It's an intricate dance of financial decisions, potential pitfalls, and unexpected opportunities. But financial decisions for a student loan borrower are anything but simple.

A lot is lurking in the shadows, and today, I'm joined by Dan Rooker, CFP®, CSLP®, to shine a light on it. We're sharing why we're doing financial planning and how we redesigned what clients should pay to save you time, money, and stress in your financial lives. As an added perk, today's listeners get an exclusive offer on a reduced fee.

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

• Why a financial plan is essential for student loan borrowers and how it can lead to significant savings
• Key investment techniques involving taxes and tax loss harvesting
• The shortcomings of automated financial advisors
• Why financial advice must take a big picture approach of your situation and goals
• Why we made it our mission to make services accessible for all income levels
• Exciting new service offerings we plan to roll out soon
• How our fees compare with other financial advisers in the industry
• The breadth of professional groups we cater to and our areas of expertise
• Real-world examples of potential financial missteps

Link mentioned:

SLP Wealth

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
• Subscribe to the newsletter

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

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!

The weight of student loans can be a significant challenge. Many borrowers have felt powerless, fearing that their student debt would control their life decisions for ten or twenty years or more. However, it doesn't have to dictate your financial journey. Senior Student Loan Advisor Lauryn Williams, CFP®, CSLP®, is joined by Student Loan Advisors Jake Courtney, CFP®, CSLP®, and Marcel Miu, CFA, CFP®, to help you find a balance between student loans and enjoying life.

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

• How PSLF's reputation steered borrowers away from forgiveness options
• Why borrowers with high student loan balances gave up on repayment
• How the new SAVE plan could redefine your approach to loan repayment
• Unexpected pitfalls of refinancing federal student loans during the pandemic
• The unique student loan struggles millennials are grappling with today
• What the Fresh Start program is and how it can be a game-changer for borrowers
• Why current conditions may deter borrowers from refinancing student loans
• Ways to squeeze joy out of life despite student loan debt and financial challenges

Link mentioned:

• A Fresh Start for federal student loan borrowers

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
• Subscribe to the newsletter

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

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!

New repayment plans are opening the door to new loopholes for borrowers, including a new subsidy strategy. I'm sitting down with Senior Student Loan Advisor Meagan McGuire, CSLP®, to share an exciting new tactic with the SAVE plan that can help you subsidize all of your grad school loans.

Learn about weighted average of balances and its impact on loan repayment options, including Public Service Loan Forgiveness. You'll also hear eye-opening insights into the Department of Education's calculation errors that have affected hundreds of thousands of borrowers.

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

• The new subsidy strategy that's a loophole for grad school borrowers
• Why taxpayers file separately to lower student loan payments
• How to recoup lost tax credits by amending past tax returns
• Whether potential caps on Parent PLUS loans are fair
• The impact of calculation errors and issues with administrative forbearance
• How weighted average works and how it affects loan repayment
• About the mental toll and anxiety of borrowing student loans
• Predictions for the future of student loan policies and forgiveness programs

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
• Subscribe to the newsletter

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

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!

In this action-packed episode, financial experts and student loan consultants Jared Costigan, CFP®, Logan Murray, CFP®, CSLP®, EA, and Lauryn Williams, CFP®, CSLP®, explore the profound impact of student loans on everyday life. You'll hear stories of consultations where clients discovered surprising opportunities for loan forgiveness, leading to emotional reactions and newfound hope; the macroeconomic implications of the impending restart of student loan payments and how it presents a valuable planning opportunity for borrowers; and how retirement planning and aggressive repayment strategies fit into your student loan repayment strategy.

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

• How retirement planning intersects student loans
• Financial opportunities for borrowers as student loan payments resume
• How income-driven repayment can make your monthly payments more manageable
• The benefits of integrating student loans into your overall financial roadmap
• Why you shouldn't wait to ask for help with student loan payments
• How student loan planning is different from traditional finance and why it's often overlooked
• What drives our experts in a sneak peek behind the scenes with the SLP team
• The story of a client who unlocked a staggering $150,000 in loan forgiveness during a consultation
• Financial planning opportunities for borrowers who haven't included student loan payments in their budget
• The importance of income-driven payment plans and payment reduction

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
• Subscribe to the newsletter

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

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!

As student loan payments restart after a three-and-a-half-year break, borrowers are facing challenges. Most of the traps revolve around applying for SAVE, linking your IRS data to the Department of Education, and reaching out to your student loan servicer. When navigating these pitfalls, it's crucial to consider your unique situation instead of blindly following the Department of Education's one-size-fits-all solution. Listen in to learn common mistakes to avoid and what to do when your servicer messes up.

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

• How to avoid payment traps and servicer mistakes as payments start
• When to set up autopay, and when to turn it off
• What to consider before applying for the SAVE plan
• Why you shouldn't link your IRS data with the Department of Ed
• Problems with income recertification
• When alternative documentation for income is best for borrowers
• Downsides of calling your servicer with student loan questions
• How to be strategic to find solutions for servicer issues
• What to do when your servicer messes up
• Actions to take to resolve servicer mistakes
• How to get support to navigate servicer issues

Links mentioned:

StudentAid.gov SAVE Repayment Plan Student loan servicers

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
• Subscribe to the newsletter

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

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!

I'm covering your most pressing questions as we prepare for student loan payments to resume. The forbearance period is ending, and there's a lot of uncertainty and confusion about how to navigate the repayment landscape. I'll discuss the recent developments with the PSLF waiver and IDR waiver, shedding some light on how these changes might affect your chances of loan forgiveness. Learn your next steps, whether you're considering refinancing, changing repayment plans, or just want to understand the new regulations.

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

• The pros and cons of refinancing your student loans, including when it's worth it to switch to a private lender
• The complexities involved in qualifying for PSLF and the IDR waiver
• How the IDR waiver can significantly impact your loan forgiveness eligibility
• When to consider forbearance as a short-term strategy
• Why you might want to wait until 2024 to make any changes to your repayment plan
• Why you should be cautious when considering switching to the new SAVE plan
• How new borrowers as of July 2014 have different options compared to those with older loans
• The political changes that could impact future loan repayment options
• How to amend your tax returns to maximize your benefits under PSLF
• How we're planning to help you with tax preparation

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
• Subscribe to the newsletter

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

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!

Meagan McGuire, CSLP®, hosts two incredible guests, Meredith Jones, DVM, CSLP®, AFC®, and Gabe Rooker, who will share their experiences and insights into the world of student loan planning. Meredith, known for running a debt-free veterinarian Facebook group, sheds light on the common finance-related questions and struggles shared within the group. And Gabe, with a background in engineering, shares his journey of working for Intel and tutoring high school students on his days off to becoming an authority in college planning and student loan guidance.

Gabe and Meredith are both part of our dedicated team of student loan advisors, and their expertise and passion for helping others will inspire and empower you in your student loan journey.

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

• The initial shock of realizing scholarships don't cover as much as you'd think
• Why it's crucial to discuss uncomfortable topics like student loans
• The trickle-down effect of student loan planning into other areas of personal finance
• Common finance-related questions and struggles shared by fellow veterinarians
• The new rule change that helps certain physicians qualify for PSLF
• The breakdown of the student loan planning process and its benefits
• Strategies for adapting to the constant changes and updates in student loan planning
• How to overcome the fear and confusion surrounding student loans
• Thoughts about leaving a stable job to pursue a passion for helping others with student loans
• How student loan consultants and doctors/veterinarians share similar client interaction and goal-oriented approaches
• The unique paths that led Gabe and Meredith to become part of the Student Loan Planner consultant team
• Why student loan planners aren't afraid of uncomfortable conversations about student loans

Resources mentioned:

• Virtual Veterinary Financial Summit: https://vetfinancialsummit.com/summit
• Book a student loan consult with Meredith
• Book a student loan consult with Gabe

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
• Subscribe to the newsletter

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

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!

The SAVE plan has become a hot topic for many borrowers, and we're getting a lot of questions. I will answer the top questions we see, including what it is and when you need to sign up for it. I'll cover important deadlines and major red flags you need to know about student loans. You'll learn how the SAVE plan can impact your loans, why it might not be the best option for every borrower, and what to do if you're unsure about your repayment strategy.

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

• The pros and cons of the SAVE plan and why it isn't the right fit for everyone
• When to choose PAYE over SAVE for a more cost-effective repayment option
• Final dates for taking advantage of the IDR account adjustment
• Deadlines for signing up for PAYE and ICR repayment plans
• If the SAVE plan is better than the new REPAYE plan people have been talking about
• Why our student loan advice for 2023 is still valid in light of the new SAVE plan
• When and how to apply for the SAVE plan
• What Parent PLUS borrowers need to know about consolidations and access to the SAVE plan
• The real reason why higher education is so expensive
• Upcoming consultation openings in October
• More information on SLP Wealth and tax services

Links mentioned:

• SAVE Repayment Plan

• Pay As You Earn (PAYE) Plan

• Income-Driven Repayment (IDR) Plan Request

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
• Subscribe to the newsletter

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

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!

Arm yourself with "quick hits" — essential tips to guide you through the labyrinth of recent student loan updates. As student loan payments restart, Lauryn Williams, CFP®, CSLP®, and Meagan McGuire, CSLP®, share how to maximize opportunities on your student loan repayment journey. Discover the revamped consolidation application designed for better efficiency and ease. Learn the benefits of removing the spousal sign-off requirements and the improved IRS data retrieval tool. Get the lowdown on the double consolidation process for Parent PLUS loans and why you shouldn't wait to take action. Listen in to stay ahead of the game when managing your student loans.

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

• How changes to the consolidation application can influence your decision to consolidate
• How your spouse's information can affect student loan consolidation, regardless of separate finances
• How to get real-time payment estimates with the IRS data retrieval tool
• The new option of uploading income certification documentation digitally versus traditional mailing
• Top pros and cons of the double consolidation legal loophole for Parent PLUS loan borrowers
• Why parents with student loans need to add the July 2025 deadline to their calendar
• Common problems borrowers face when consolidating or choosing an income-driven plan
• Why interest capitalization isn't as bad as you think
• The importance of considering your entire financial picture when evaluating your student loan repayment strategy

Links mentioned: Direct Consolidation Loan Application Income-Driven Repayment (IDR) Plan Request The IRS Data Retrieval Tool (DRT)