Hey, everyone, welcome back. It's Finance Friday, another special edition of Money Girl, where I

answer your burning money questions. Today's topic comes from Faith F, who says, I have student

loans and work in a non-profit organization. I'm working toward public service

loan forgiveness, or PSLF, and have made about 80 qualifying payments. I'm in the save plan that

stands for saving on a valuable education, and I've been on administrative forbearance since April 24.

While not making loan payments or accruing interest has been a relief, the forbearance months

don't count toward my loan forgiveness. However, I have been able to contribute more to my Roth 403B. Since we don't know what will happen

with loan forgiveness under the new administration, should I stay in the save program or switch to

another one like pay, that stands for pay as you earn, or IBR, which is income-based repayment. Also, does being in forbearance

on student loans hurt my credit score? Thank you so much for your well-timed question, Faith.

If you're a student loan borrower, this podcast will review recent legal developments that may

affect you. I'll explain what's happening and what actions

you may need to take. Thanks for downloading episode 895 of the Money Girl podcast. If you're new here,

I'm Laura Adams, an award-winning author, money speaker, on-camera spokesperson, and founder of

The Money Stack, a free substack newsletter. You can learn more and connect

with me at laura d adams.com. That's also where you can email your money question and sign up for

the MoneyStack newsletter, which does give subscribers a terrific money success toolkit,

so that's a nice freebie to look forward to when you sign up.

You can also record a brief question or comment on our voicemail line when you call 302-364-0308.

We love getting your questions and would love to cover them here on a future show.

So Faith mentioned being enrolled in the Save Plan. This is one of many repayment options that the Department of Education offers when you

have federal student loans. Everything we're going to be talking about today applies to federal

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