Ep. 74 - Supreme Court Shakes Up Student Loan Forgiveness | 3 Ways to Manage Repayment

In this episode, we explore the maze of the Student Loan Debt Forgiveness Act, enacted in March 2020 and renewed every 8 months since. Discover the shockwaves caused by the Supreme Court's decision to overrule the Act's second section - a generous $20,000 forgiveness for households earning up to $125,000. As we quickly approach the September 1st deadline for repayments, we simplify what's on the horizon. We dig deep into the Department of Education's empathetic measures that come into play between September 1st and October 1st, offering you the tools to navigate this complex landscape.

[00:11 - 03:35] Student Loan Debt Forgiveness: What Was Once and What is Now

[03:45 - 06:19] Supreme Court Overrides $20,000 Debt Forgiveness Act

[06:19 - 11:06] Navigating Student Loan Repayment in 2023

[11:06 - 14:45] Understand the Consequences of Defaulting on Student Loans

[14:45 - 17:30] 3 Steps to Take Now to Manage Your Student Loan Payments

Quotes:

"They're not there to put you in a position to go broke or have to file bankruptcy. That's not what they wanna do." - Quinton Harris

“If you do not pay them back or default on that [student loan], that is a decision that could haunt your path for homeownership” - Quinton Harris

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