Episode 428: Student Loans in 2025: What You Need to Know Now with Travis Hornsby
Journey To Launch
Jamila Souffrant
5 • 1.7K Ratings
🗓️ 28 May 2025
⏱️ 37 minutes
🧾️ Download transcript
Summary
In this episode of Journey to Launch, I’m joined once again by Travis Hornsby, founder of Student Loan Planner. Travis returns to break down the current state of student loans, including what’s changed under the Biden and Trump administrations, what borrowers should expect moving forward, and how to navigate the uncertainty with smart, strategic planning. Whether you're a recent grad or have six-figure student debt, this episode will help you better understand your options and next steps.
What You’ll Learn in This Episode:
- What happened to Biden’s student loan forgiveness and SAVE Plan—and why they’re essentially dead
- How the IDR account adjustment and PSLF waiver may still benefit you
- What the new GOP proposals could mean for repayment plans and forgiveness timelines
- The difference between public vs. private student loans—and strategies for managing each
- Why many borrowers should consider enrolling in an Income-Driven Repayment (IDR) plan now
Check out the video to this episode on YouTube here.
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Transcript
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| 0:00.0 | One thing I can tell people pretty confidently is if you have a one-party, completely partisan |
| 0:09.0 | bill that's reforming suit of loans, it's not going to last very long because it's all done |
| 0:14.0 | by one party with no bipartisan consensus. So that means that like borrowers are faced with |
| 0:18.6 | like more uncertainty than they ever really have been. |
| 0:21.7 | And I would just suggest that borrowers just sort of like try to stay calm through the storm. |
| 0:28.7 | Welcome to the Journey to Launch podcast with your host, Jamila Sufran. |
| 0:33.2 | As a money expert who walks her talk, she helps brave journeyers like you, get out of debt, save, invest, and build real wealth. |
| 0:43.3 | Join her on the journey to launch to financial freedom in five, four, three, two, one. |
| 1:01.5 | If you want the episode show notes for this episode, go to journey to launch.com or click the description of wherever you're listening to this episode. In the show notes, you'll get the |
| 1:06.4 | transcribed version of the conversation, the links that we mentioned, and so much more. Also, whether |
| 1:12.5 | you are an OG journeyer or brand new to the podcast, I've created a free Jumpstar guide to help |
| 1:18.9 | you on your financial freedom journey. It includes the top episodes to listen to, |
| 1:23.5 | stages to go through to reach financial freedom, resources, and so much more. You can go to |
| 1:28.4 | journey to launch.com slash jumpstart to get your guide right now. Okay, let's hop into the episode. |
| 1:36.9 | Hey, hey, hey, journeyers. Welcome to the Journey to Launch podcast. Today I have Travis Hornsby, |
| 1:42.9 | who is the founder of student loan planner, and he launched it after |
| 1:46.7 | helping his physician wife navigate a ridiculously complex student loan repayment decision. To date, |
| 1:53.3 | student loan planner, his company has consulted on over $4 billion in student loan debt. And I'm pretty sure |
| 1:58.3 | you did a few, I don't know how many thousands of, |
| 2:01.3 | but of journeyers, so of people that I've sent to you to get just advice, because I just think |
| 2:06.3 | you're really skilled and knowledge in this area. And so Travis has been on the podcast a few |
| 2:12.4 | times before. And I thought it'd be a really great time to have him back because every time you come on, |
... |
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