Techie Personal Finance Bootcamp
I help tech employees use their finances to create the life of their dreams by helping you take your financial confidence to the next level!Are you a tech employee who wants to learn how to better manage your finances?Working in tech you may experience extreme pay increases, which may allow you the ability to accomplish goals you've only dreamed of. However, if mismanaged, you can also find yourself stressed out and under pressure to increase your income in order to fit your lifestyle.The good news, is through education and a little bit of determination, you have the power to control your future and create your best life.Not only will we cover basic personal finance concepts, but we'll dive deep into tech specific benefits and issues that I regularly help my clients build strategies to maximize. (Examples: working for start ups, restricted stock units, stock options, and layoffs) Also, on a regular basis, I will have special guests that will highlight their stories with unique stories about their tech experiences.
Techie Personal Finance Bootcamp
Student Loan Forgiveness: One More Chance?
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Lucas Casarez CFP®
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Season 5
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Episode 3
What's Next for Student Loan Forgiveness?
In this podcast, we discuss the recent news that the previously announced student loan forgiveness is no longer a legal solution. We cover what to expect now that payments are restarting in October, including the new SAVE repayment plan, and the temporary ramp-up period. We also discuss the new path that the Biden administration is taking to try to achieve student loan forgiveness, and what that might mean for borrowers.
Key takeaways:
- The previous Student loan forgiveness plan is no longer a legal solution, but the Biden administration is working on a new path to achieve it.
- The new SAVE repayment plan will lower payments for borrowers on income-driven repayment plans.
- There will be a temporary ramp-up period of 12 months after payments restart in October, during which borrowers will not be reported negatively to credit bureaus if they miss payments.
- The details of the new student loan forgiveness program are not yet known, but it is likely to be different from the previous plan.