Student Loans Just Changed... Here’s How to Pay Them Off Faster (This Year!)

The Personal Finance Podcast

Andrew Giancola

Entrepreneurship, Investing, Business

4.6 • 1.2K Ratings

🗓️ 20 August 2025

⏱️ 38 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

In this episode of The Personal Finance Podcast, we break down the massive student loan changes hitting in 2025—why SAVE, PAYE, IBR, and ICR plans are being eliminated for new borrowers starting July 2026, how interest resuming on SAVE loans means balances could grow again, and why wage garnishment restarts in August 2025. We provide a 12-step action plan to pay off loans faster, including the biweekly payment hack that saves $1,000+ in interest, scripts to negotiate lower rates, and how to get $5,250 per year in tax-free employer loan assistance before these changes make escape even harder. ⁠Get the Student Loans GUIDE Here! How Andrew Can Help You: Listen to The Business Show here. Don't let another year pass by without making significant strides toward your dreams. "Master Your Money Goals" is your pathway to a future where your aspirations are not just wishes but realities. Enroll now and make this year count! Join The Master Money Newsletter where you will become smarter with your money in 5 minutes or less per week Here! Learn to invest by joining Index Fund Pro! This is Andrew’s course teaching you how to invest! Watch The Master Money Youtube Channel! , Ask Andrew a question on Instagram or TikTok Learn how to get out of Debt by joining our Free Course Leave Feedback or Episode Requests here. Car buying Calculator here Thanks to Our Amazing Sponsors for supporting The Personal Finance Podcast Shopify: Shopify makes it so easy to sell. Sign up for a one-dollar-per-month trial period at shopify.com/pfp Thanks to Policy Genius for Sponsoring the show! Go to policygenius.com to get your free life insurance quote. Indeed: Start hiring NOW with a SEVENTY-FIVE DOLLAR SPONSORED JOB CREDIT to upgrade your job post at Indeed.com/personalfinance Shop outdoor furniture, grills, lawn games, and WAY more for WAY less. Head to wayfair.com Get 50% Off Monarch Money, the all-in-one financial tool at www.monarchmoney.com/PFP Chime: Start your credit journey with Chime. Sign-up takes only two minutes and doesn’t affect your credit score. Get started at chime.com/ Acorns: Start investing automatically with Acorns and get a $5 bonus at Acorns.com/PFP Visit www.functionhealth.com/PERSONALFINANCE or use gift code PERSONALFINANCE100 at sign-up to own your health. Connect With Andrew on Social Media: Instagram TikTok Twitter Master Money Website Master Money Youtube Channel Free Guides: The Stairway to Wealth: The Order of Operations for your Money How to Negotiate Your Salary The 75 Day Money Challenge Get out Of Debt Fast Take the Money Personality Quiz Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	summer's winding down and you know what that means back to school mode is officially here and if
0:06.5	you're anything like us you're probably eyeing your space and wondering where do we put all this stuff
0:11.2	so we grab some shells from wayfair for our kids rooms and it made a huge difference it helped us get
0:16.4	everything organized from books and toys to those random school supplies that somehow end up everywhere.
0:21.9	And Wayfair makes it so easy to refresh your space.
0:24.6	Whether you're setting up a homework corner, reorganizing the bathroom, or just getting cozy
0:29.0	for fall, they've got what you need and fast.
0:32.3	So get organized, refreshed, and back to your routine, your way.
0:35.9	Head to Wayfair.com right now to do all things home.
0:39.9	That's W-A-Y-F-A-I-R.com. Wayfair, every style, every home.
0:47.5	On this episode of the Personal Finance podcast, student loans just changed. Here's how to pay them off faster.
1:17.0	What's up, everybody, and welcome to the Personal Finance Podcast.
1:20.2	I'm your host, Andrew, founder of MasterMoney.com.
1:25.5	And today on the Personal Finance Podcast, we're going to be talking about your student loans.
1:28.2	If you guys have any questions, make sure you join the MasterMoney newsletter by going to mastermoney.com slash newsletter. And you can respond to any
1:33.7	of those newsletters that come out every single week and I read every single one of them.
1:38.3	And don't forget to follow us on Spotify, Apple Podcasts, YouTube or whatever podcast player,
1:42.9	you love listening to this podcast on it.
1:45.2	And if you want to hop up the show, consider leaving a five-star rating and review on Apple
1:48.6	Podcasts, Spotify, or your favorite podcast player.
1:51.4	Can I thank you guys enough for leaving those five-star ratings and reviews?
1:56.0	Now, first off, before we dive into this episode, I just want you to know that down below
	...

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