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Is Your Interest Rate Too High? Plus the Student Loan Bombshell
Manage episode 497093543 series 1090713
We kick things off by answering a listener’s question: How do I know if my interest rate is too high? Seems simple—until we dig into the loopholes big banks use to dodge state usury laws and how shady tribal loan scams worked… until they didn’t.
But buckle up—because what follows is the real headline: a massive, catastrophic overhaul of the federal student loan system that almost nobody is talking about. From new borrowing caps to hidden rule changes that could disqualify you from forgiveness after years of payments, this episode is a wake-up call. If you’re counting on PSLF, stuck with Parent PLUS loans, or have any kind of federal student loan, this could save you thousands—or decades of regret.
👉 Ask your question at https://getoutofdebt.org/podcast
🙋♂️ Want help from Damon? Go to https://damonday.com
210 episodes
Is Your Interest Rate Too High? Plus the Student Loan Bombshell
Get Out of Debt Guy | Smart Debt Solutions for Your Financial Freedom
Manage episode 497093543 series 1090713
We kick things off by answering a listener’s question: How do I know if my interest rate is too high? Seems simple—until we dig into the loopholes big banks use to dodge state usury laws and how shady tribal loan scams worked… until they didn’t.
But buckle up—because what follows is the real headline: a massive, catastrophic overhaul of the federal student loan system that almost nobody is talking about. From new borrowing caps to hidden rule changes that could disqualify you from forgiveness after years of payments, this episode is a wake-up call. If you’re counting on PSLF, stuck with Parent PLUS loans, or have any kind of federal student loan, this could save you thousands—or decades of regret.
👉 Ask your question at https://getoutofdebt.org/podcast
🙋♂️ Want help from Damon? Go to https://damonday.com
210 episodes
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