Rich Girl Roundup: Student Loans are Back—What to Know (and a Potential Hack)

The Money with Katie Show

Money with Katie

Investing, How To, Self-improvement, Business, Education

4.8 • 1.3K Ratings

🗓️ 14 August 2023

⏱️ 21 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

The moratorium on student loan payments will expire starting September 1st, but there's also a new program to be aware of called SAVE. Katie and Henah chat through the new requirements for lower payments, if you should pay off loans more quickly, and a potential hack to get your loans dismissed. Welcome back to #RichGirlRoundup, Money with Katie's weekly segment where Katie and MWK's Executive Producer Henah answer your burning money questions. Each month, we'll put out a call for questions on her Instagram (@moneywithkatie). New episodes every week. *We are not licensed financial professionals and this is not financial advice. — Mentioned in the Episode: SAVE Plan Announcement: https://studentaid.gov/announcements-events/save-plan Federal Student Aid Webpage: https://studentaid.gov/ White House Webpage: https://www.whitehouse.gov/ Brian's Twitter Thread: https://twitter.com/brianmanookian/status/1674963884703088642 — Read Money with Katie: https://moneywithkatie.com/ Follow Money with Katie! Instagram - https://www.instagram.com/moneywithkatie Twitter - https://twitter.com/moneywithkatie TikTok - https://www.tiktok.com/@moneywithkatie Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0	Rich Girl Roundup!
0:04.0	We love it!
0:06.5	Welcome back rich people to the Rich Girl Roundup weekly discussion of the Money with Katie Show.
0:11.5	I'm your host as always, Katie Gatti Tossan and every Monday,
0:15.6	Hannah and I are gonna dig into an interesting money discussion,
0:19.8	tidbit in the news, whatever's on our mind, you name it, but before we do,
0:23.8	here's a quick message from our sponsors.
0:30.0	Alright, so before we get into it, this week's upcoming main episode is about how to erase
0:38.8	medical debt and how to avoid overpaying for things, because Lord knows if you're gonna
0:44.6	walk into a hospital or God forbid, get into an ambulance, it's pretty easy to do that.
0:49.2	So we actually have two guests for this week's episode, Braden from a company called Resolve,
0:54.4	who's a medical billing negotiation expert and Jean, who's a journalist turned healthcare
0:59.8	activist, who's going to school us on how to shop around for medical procedures and utilize
1:04.8	the lovely but little known cash pay option. Alright, onto the roundup, Hannah, what do we have today?
1:12.4	Today's question was inspired from a number of readers, as well as some recent engagement we've
1:17.6	had over on our Instagram about the student loan ruling and this new proposal for what's called
1:23.2	the SAVE approach. And so kind of the general question we've heard is what do we need to know
1:28.4	about student loan repayments that start up again in October, and should I rush to pay them off
1:33.4	if I can? To kind of set the stage a little bit, as we have all probably heard by now, Braden's
1:40.0	student loan forgiveness plan was struck down, but the White House announced a new plan to replace
1:46.2	the revised pay as you earn, also called repay plan. This new plan is called SAVE, and so when
1:52.9	student loan repayments start up again in October, though as a note, interest begins accruing again
	...

Please login to see the full transcript.

Previous episode | Next episode

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

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