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Brown Ambition

BA Q&A: Should You Wait to Pay Student Loans?

Brown Ambition

iHeartPodcasts

Education, Self-improvement, Business

4.82.6K Ratings

🗓️ 1 October 2021

⏱️ 14 minutes

🧾️ Download transcript

Summary

Hey BA Fam! Happy Friday! We're back with another BA Q&A:

  • Should you hold off on paying loans for President Biden's possible student loan forgiveness?
  • Does paying off old credit cards help or hurt your credit?

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Transcript

Click on a timestamp to play from that location

0:00.0

Hey, the A-Fam! This episode is brought to you by Peacock, presenting the new original

0:05.2

limited series The Best Man, The Final Chapters, from the creator of The Best Man and The

0:10.1

Best Man Holiday and executive producer of Insecure. The series reunites the original

0:15.3

cast to take their beloved characters from midlife crisis to midlife renaissance.

0:20.4

Stream The Best Man, The Final Chapters, now only on Peacock.

0:42.4

And now it's time for the BA Q&A.

0:57.6

Yes, and don't forget we have a fun new segment, or a fun new segment on Fridays that

1:04.7

we're calling BA fan Fridays because Friday was just not complete with just as BA Q&A.

1:10.5

We wanted to shout out some of our favorite fan mail, so this is going to be reviews that

1:14.7

y'all have left for us on iTunes, so we're going to pluck those out and give y'all some

1:18.4

love on our socials. So definitely leave those reviews on iTunes and we're every listen

1:23.5

to the show, and maybe you'll have a special shout out on Friday.

1:27.5

So first question of BA Fridays, BA QA is from Anamos. So we're just going to call

1:36.5

you Muzz. So Muzz says, in 2019, I paid off $14,000 off my student loan debt. COVID happened

1:45.6

and I didn't pay any money in 2020 and haven't made any payments in 2021. I've just been

1:52.3

saving. I have $13,000 of debt left that I can pay off today, even with paying off the

1:58.1

loan I would still have over years worth of savings. I'm hesitant to pay off my loans

2:02.8

because I was hoping for some student loan forgiveness from the Biden administration. I didn't

2:08.1

want to pay them off and then $10,000 of student loan debt be forgiven the next day. But I also

2:14.2

just want to be debt free and officially done with Nell Net. Would you pay it off now?

2:19.7

Would you wait until the government made a decision? What should I do? O Muzz. It is a

2:26.0

conundrum indeed. I can't with that name, Muzz. It just rhymes with Puzz and it's just

...

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