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The Clever Girls Know Podcast With Bola Sokunbi

143: Federal Student Loan Payments Suspension - What You Need To Know

The Clever Girls Know Podcast With Bola Sokunbi

Bola Sokunbi

Education, Self-improvement, Business, Entrepreneurship

4.8931 Ratings

🗓️ 10 April 2020

⏱️ 29 minutes

🧾️ Download transcript

Summary

We've received a lot of questions about the announcement that federal student loan payments will be suspended through September 30th, 2020. And so to discuss this, Melisa Boutin, our Clever Girl Finance student loan expert, joins me to share some key info with you here on this episode based on information from the U.S. Department of Education. For more details and latest info, visit: https://studentaid.gov/announcements-events/coronavirus ❤ Access our FREE COURSES at clevergirlfinance.com/course-packages/ (All 30+ courses are free right now) ❤ Get the Clever Girl Finance book: clevergirlfinance.com/book ❤ Follow on Instagram: instagram.com/clevergirlfinance

Transcript

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0:00.0

Hello everyone. This is Paula and the founder and CEO of Clever Girl Finance and welcome to the Clever Girls No podcast.

0:07.0

I hope that you and your family are well in this season and you are staying safe and also staying home.

0:14.0

So on this episode of the podcast, I wanted to take some time out to talk about the announcements made

0:20.0

regarding the suspension of federal student loan payments.

0:24.0

And I have our student loan expert for Clever Golf Finance

0:28.0

and also the founder of your money worth, Melissa Bhutan,

0:32.0

on this episode with me to go over the key highlights of the

0:35.5

announcements and what you should know as it relates to the suspension. So we

0:40.6

talked about what it means to you, what loans are suspended, what it means when they say that the interest is suspended,

0:48.0

we talk about capitalization and the timelines associated to this notice, we go over what you should know if you are in a loan forgiveness program and more.

1:01.0

And so this is an episode that you definitely want to tune into if you have

1:05.0

federal student loans and we also get into talking about what you can do as it relates

1:10.3

to your private loans as well in this season. And if you don't know who

1:14.8

Melissa is, Melissa has been on the podcast before. She is a part of the

1:19.1

Clever Girl Finance team. She is a certified financial educator and a student loan expert who has paid off her own

1:25.6

student loans and she basically geeked out on figuring out how federal and private student loans

1:31.7

work and she continues to do so and she's also the

1:34.8

creator of the courses on clever girl finance that teach you how to understand the

1:39.4

way you're federal and your private student loans work so if you are trying to understand how those

1:44.3

loan categories work definitely head on over to clevergaufinance.com and if you miss

1:49.4

the announcement all 30 plus courses on the clever Girl Finance website are free right now.

1:55.0

This is our way of supporting all of you in this season,

...

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