NerdWallet's Smart Money Podcast28 Feb 2024

Student Loan Debt Relief and the SAVE Plan’s Future with Secretary Miguel Cardona

U.S. Education Secretary Miguel Cardona discusses the early rollout of $1.2B in student loan forgiveness and the future of debt relief. Why did the Biden administration accelerate student loan forgiveness by wiping away $1.2 billion in debt nearly six months ahead of schedule? How will eligible borrowers, especially those enrolled in the new income-driven repayment plan SAVE, be notified of this unexpected relief? Hosts Sean Pyles and Anna Helhoski explain the latest in student loan forgiveness before Anna speaks with Dr. Miguel Cardona, U.S. Secretary of Education. They break down the latest wave of debt relief, totaling a historic 138 billion dollars approved for cancellation among 3.9 million borrowers, all achieved through executive action. They also discuss the motivations behind prioritizing student debt forgiveness and the details of the SAVE plan, offering insights into who benefits, how eligible borrowers will be notified, and what lies ahead for student loan borrowers in 2024. In their conversation, the Nerds discuss: student loans, loan forgiveness, Saving on a Valuable Education (SAVE) plan, debt relief, income-driven repayment, financial aid, student debt, loan cancellation, loan eligibility, loan notification, executive action, loan benefits, repayment plan, loan borrowers, debt cancellation, loan relief, loan impact, loan insights, loan motivations, federal student aid, and Free Application for Federal Student Aid (FAFSA). To send the Nerds your money questions, call or text the Nerd hotline at 901-730-6373 or email podcast@nerdwallet.com. Like what you hear? Please leave us a review and tell a friend. Learn more about your ad choices. Visit megaphone.fm/adchoices

Denne episoden er hentet fra en åpen RSS-feed og er ikke publisert av Podme. Den kan derfor inneholde annonser.

Episoder(654)

Real Estate Syndication 101: What to Know Before You Invest

Learn what to weigh before investing in real estate syndications, including costs, risks and REIT alternatives. Should you diversify into real estate, and is real estate syndication the right way to ...

21 Sep 30min

Drained Retirement, Maxed Credit Cards. How Scam Victims Start Rebuilding

When a parent sends their retirement savings to someone they met online, learn how to help them recover – without letting it happen again. What do you do when a parent has spent most of their retirem...

17 Sep 39min

IUL Insurance: Recession-Proof or a Risky Bet for Your Retirement?

Is indexed universal life insurance “recession-proof?” Learn how it really works and whether it belongs in your retirement plan. Hosts Sean Pyles, CFP®, and Elizabeth Ayoola speak with NerdWallet ins...

14 Sep 31min

Budget Rehab: A Debt-Free Couple Plans for a Wedding, House and Baby (Plus: Inside Disaster Betting Markets)

Learn how a debt-free couple budgets for a wedding, a house and a baby, plus why disaster betting markets are booming. How much of a $20,500 monthly income could go toward a wedding, a first home and...

10 Sep 37min

Seven Steps for Prioritizing Money as a High Earner (from Your Next Dollar)

Learn how high earners could prioritize their money across seven steps, from income growth to backdoor Roth strategies. Your Next Dollar host Andrew Giancola and NerdWallet Wealth Partners CEO Ryan S...

7 Sep 44min

How Get Rich Slowly's Founder Retired at 40. Plus, What Higher Bond Yields Mean for Savers

Learn how Get Rich Slowly creator JD Roth paid off $35,000 in debt and retired at 40. Then, learn what rising bond yields mean for savers and investors. Hosts Sean Pyles, CFP®, and Elizabeth Ayoola t...

3 Sep 40min

Does a Pension Mean You're Set for Retirement? How to Know If You're Really on Track

Learn how to measure your retirement progress when you have a pension and figure out how much more you really need to save. How do you know if your pension actually has you covered for retirement —...

31 Aug 36min

Putting the "7% Rule" to the Test on a Real Mortgage. Plus, an Economist on Stubborn Food Prices

Learn whether the "7% rule" for prioritizing debt payoff over investing applies to your mortgage. Plus: why your grocery bill keeps climbing. Hosts Sean Pyles, CFP®, and Elizabeth Ayoola talk with Ma...

27 Aug 37min