1404: Ask Farnoosh: Your Biggest Student Loan Forgiveness Questions

So Money with Farnoosh Torabi

Farnoosh Torabi

Entrepreneurship, Business

4.7 • 1.9K Ratings

🗓️ 2 September 2022

⏱️ 34 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Alex Gailey, writer and student loan expert for NextAdvisor and Peter Dunn, Founder of YourMoneyLine and host of the Pete the Planner radio show, join to answer the biggest questions surrounding the new student debt relief program. President Joe Biden announced he will eliminate $10,000 worth of student loan debt for qualifying borrowers, and up to $20,000 in debt to those who borrowed money under the Pell Grant program. He also said he would extend the federal student loan payment pause through December 31st. Who will this mostly benefit? What will be the tax or credit score impacts? How does it address the racial wealth gap? What might this program encourage private lenders to do? Articles references in this article: Your Student Loan Forgiveness Questions, Answered Student Loan Forgiveness, How and When to Apply Sign up for Farnoosh's So Money newsletter here. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0	So money is brought to you by CNET, the site that shows how to navigate change all around us.
0:06.2	So money episode 1404 asks Farneesh all things student-loan forgiveness. Your questions answered.
0:14.4	You're listening to So Money with award-winning money guru Farneesh Karabi.
0:18.8	Each day, in a 30-minute dose of financial inspiration from the world's top business minds,
0:24.0	authors, influencers, and from Farneesh herself.
0:27.3	Looking for ways to save on gas or double your double coupons? Sorry, you're in the wrong place.
0:34.1	Seeking profound ways to live a richer half your life. Welcome to So Money.
0:40.6	Welcome to So Money, everybody. Friday, September 2nd. I'm Farneesh Karabi.
0:44.9	Great to have you joining us. We've got a jam-packed episode today with two special
0:50.0	guests who are going to help us navigate many of your questions and some things you might
0:55.4	thought to think about, thought to ask about, related to the student-loan forgiveness plan that
1:01.5	recently was announced just last week, President Biden and his team, saying that they're going to
1:06.8	eliminate $10,000 worth of student-loan debt for some borrowers, as well as up to $20,000 for those
1:13.2	who borrowed under the Pell Gram program. There are other provisions continuing the pause on
1:19.0	federal student-loan payments through the end of the year, as well as expanding the income-based
1:24.9	repayment plan to encourage more people to apply and get more help to more borrowers.
1:30.0	Before we get to all of that, let's head over to the iTunes Review section and pick
1:33.6	not one, but two reviewers of the week. Last week, I forgot to pick a reviewer of the week.
1:38.8	It happens. I just maybe got too excited to I ran to the mailbag and skipped the reviews,
1:45.1	which is an important part of every Friday episode. If you don't know what this is,
1:48.4	this is when I go to the iTunes or Apple Podcast Review section and pick a reviewer of the week
1:53.8	to then give that person a free 15-minute money session with me. This week, we're going to say thank
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Farnoosh Torabi, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Farnoosh Torabi and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.