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What the Stop Work and Dept of Ed Closure Order Mean for You

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Manage episode 470747511 series 2471867
Content provided by Travis Hornsby. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Travis Hornsby or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

The Department of Education is facing potential shutdown, and a stop work order has stalled loan processing. If you’re waiting on repayment plan approvals, PSLF progress, or forgiveness updates, this could directly impact you.

We’ll break down what’s really happening, how this could affect your student loan strategy, and what to do if your application is stuck. Plus, we’ll dig into the possibility of the Treasury Department taking over student loans and what that might mean for borrowers. If you have federal student loans, you need to hear this.

Key moments:

(00:32) Republicans have been wanting to close the Department of Education since 1979 (04:38) Student loan policy isn’t really the priority for shutting down the Department of Education (06:12) Why borrowers should be concerned about the stop work order on income based repayment, forgiveness, and consolidation processing (11:49) Best advice for student loan borrowers for the next few weeks

Links mentioned:

Reddit IDR application link New paid newsletter SLP Insiders for exclusive content

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

Feeling helpless when it comes to your student loans?

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!

  continue reading

402 episodes

Artwork
iconShare
 
Manage episode 470747511 series 2471867
Content provided by Travis Hornsby. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Travis Hornsby or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

The Department of Education is facing potential shutdown, and a stop work order has stalled loan processing. If you’re waiting on repayment plan approvals, PSLF progress, or forgiveness updates, this could directly impact you.

We’ll break down what’s really happening, how this could affect your student loan strategy, and what to do if your application is stuck. Plus, we’ll dig into the possibility of the Treasury Department taking over student loans and what that might mean for borrowers. If you have federal student loans, you need to hear this.

Key moments:

(00:32) Republicans have been wanting to close the Department of Education since 1979 (04:38) Student loan policy isn’t really the priority for shutting down the Department of Education (06:12) Why borrowers should be concerned about the stop work order on income based repayment, forgiveness, and consolidation processing (11:49) Best advice for student loan borrowers for the next few weeks

Links mentioned:

Reddit IDR application link New paid newsletter SLP Insiders for exclusive content

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

Feeling helpless when it comes to your student loans?

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!

  continue reading

402 episodes

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