On March 27, 2020, the CARES Act was signed into law to help people deal with the devastating economic effects of the coronavirus. Many of the provisions help student loan borrowers, and while they provide some welcome relief, the law doesn’t address all of the problems that student loan borrowers face.
In addition, these provisions are set to expire on September 30, 2020, so the relief is a short-term solution. Therefore, anyone with student loans, whether they are federal, state, or private, need to act soon to have a plan by the deadline. That’s why in this episode of the podcast I talk about some strategies you can look into to use this breather as an opportunity to get your loans back on track!
In this episode you will learn:
- Ways to get out of default on federal and NJ CLASS student loans
- How to get an affordable, income driven loan repayment plan
- How to pay off your loans sooner if you are a public employee
Links & Resources
- Getting Out of Default on Federal Student Loans
- Getting the HESAA Loan Default Removed from Your Credit
- Income-Based Repayment Plans
- What is the Public Service Loan Forgiveness Program?
- Employment Certification Form for PSLF
If you enjoyed this episode, you might also like:
- Episode 61: Discharging Student Loans Outside Bankruptcy
- Episode 60: Repaying Parent PLUS Student Loans
- Episode 51: Do's and Don'ts for Refinancing Student Loans
- Episode 19: Strategies in Dealing with Federal Student Loans
If you enjoy listening to this podcast, it will put a big smile on my face if you left a review on Apple Podcasts, or wherever you like to listen to podcasts.