Student Loan Chaos Explained w/ Stanley Tate #1094

How to Money

iHeartPodcasts

Education, Investing, Business

4.6 • 3.2K Ratings

🗓️ 28 January 2026

⏱️ 44 minutes

🔗️ Recording | iTunes | RSS

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Summary

The whiplash student loan borrowers have experienced over the past few years has been staggering. Payments paused, forgiveness promised, forgiveness blocked, repayment systems rewritten, and now wage garnishment is back on the table for some folks. It’s no wonder navigating student loans has become a specialized skill. Few people know that landscape better than attorney Stanley Tate. He’s helped hundreds of borrowers get out of default, qualify for forgiveness programs, secure affordable payments, negotiate settlements, stop garnishments, and even discharge student loans in bankruptcy. Through his blog, newsletter, and videos, Tate has offered guidance to countless others. Some of the topics covered today:

How much time borrowers in default have had to address the elephant in the room
Why income-driven repayment plans are crucial for many borrowers
Why private student loans are expected to see a resurgence
Borrowers often misunderstand their repayment options and forgiveness paths
How emotional decisions often overshadow financial reasoning in education funding
The biggest student loan mistake that his clients make
Living life fully is essential, even amidst student loan burdens
And much more!

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Transcript

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0:00.0	This is an IHeart podcast.
0:02.6	Guaranteed Human.
0:04.0	Welcome to How to Money.
0:05.7	I'm Joel, and today we're talking student loan chaos.
0:08.7	We're explaining it with Stanley Tate. Okay, so the whiplash that student loan borrowers have experienced over the past few years has been staggering.
0:35.0	Payments paused.
0:35.9	Forgiveness promised.
0:39.4	Forgiveness blocked. Then repayment systems completely rewritten. And now, for some, is wage carnation back on the table? Well, maybe we'll
0:45.2	get to that today with Stanley. It's just no wonder, though, that navigating student loans has
0:50.5	become this specialized skill. And few people know the landscape better than attorney Stanley
0:56.1	Tate. He has helped hundreds of borrowers get out of default, qualify for forgiveness programs,
1:02.0	secure affordable payments, and negotiate settlements. He's even helped people discharge student
1:07.5	loans in bankruptcy, and he's helping people through his blog, his newsletter, his videos, just offering really helpful guidance to a bunch of folks out there. So with all the recent changes and confusion, knew we needed his insight on how to money. So Stanley, Tate, thank you for joining me on the show today. Thanks for having me. All right, first question, out of the gate. What do you like to splurge on? What's your craft beer equivalent?
1:28.5	I know you're doing smart stuff with your money, Stanley, for your future.
1:30.7	But you've got to have some splurge in the hearing now, right? The splurge more recently has been on cigars. I joined a cigar lounge a few months ago. and I'm really enjoying kind of like that pastime and being able to bond and fellowship
1:46.1	with other people and share bourbons while smoking a stick.
1:50.4	It's very relaxing.
1:51.4	There you go.
1:52.4	That sounds like a nice way to wind down after a tough day of helping people out with
1:56.9	their student loan questions.
1:58.2	Oh man, absolutely.
1:59.6	It's just being able to zone out and not have to think deeply about other people and
	...

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