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NerdWallet's Smart Money Podcast

Money News: How to Cancel Your Student Debt

NerdWallet's Smart Money Podcast

NerdWallet Personal Finance

Business, Education, Investing, How To

4.2665 Ratings

🗓️ 19 October 2022

⏱️ 13 minutes

🧾️ Download transcript

Summary

It’s finally here: The application to cancel up to $20,000 of your federal student loan debt is live.  In this episode, Sean Pyles is joined by student debt and breaking news Nerd Anna Helhoski to walk through the debt cancellation application in real time. They also talk about scams and when you can expect your debt to be canceled.  Call or text the Nerd hotline at 901-730-6373 or email [email protected] to send the Nerds your money questions. Like what you hear? Please leave us a review and tell a friend. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

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0:25.3

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0:27.1

Click or tap the banner to find out more.

0:33.8

After weeks of waiting, a handful of lawsuit and a decent amount of confusion, it's finally here, the application to cancel your federal student debt.

0:42.5

Welcome to the Nerd Wallet Smart Money podcast. I'm Sean Piles.

0:45.8

And I'm Anna Hilhouski. If you want the nerds to answer your money question, call our text us on the nerd hotline at 901-730-3. That's 901 730 N-N-E-R-D. Or email us at podcast at nerdwalled.com.

1:02.4

This episode, we're going to help you cancel your student debt. The debt relief application just

1:07.4

dropped, so we want to talk you through it in real time, as in I am going to go through

1:11.9

the process on the podcast right now. And Anna, who has written extensively about student debt

1:17.2

and cancellation, she even did a podcast series about it that you should check out, is going to

1:21.9

help provide some additional nerdy info and context for you. So let's just dive into it. Are you ready, Anna? I'm ready. The website

1:30.1

you need to go to is studentaid.gov slash debt-hyphen relief slash application. Okay. Sean, do you have

1:38.9

the application up? I have the application up here. Anna, will you start the timer?

1:44.2

Starting the timer in three, two, one.

1:46.8

Okay, great.

...

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