Jesse chats with Ben, a YNAB employee and "The Dollar Scholar" on TikTok, where he educates college students and grads on the intricacies of student loans. Ben walks through the recently announced student loan forgiveness program, how much debt can be forgiven for students or graduates with Pell grants and with traditional Federal student loans, and some of the forthcoming changes to income-based repayment plans.
Ben also reminds us that not all the details of the plan have been worked out yet, and there are still open questions regarding the legality of the program, as well as potential income tax implications at the state level. Consequently, he reminds us, don't count on those forgiveness funds until they actually hit your bank account!
Follow Ben the Dollar Scholar on TikTok:
https://www.tiktok.com/@thedollarscholar?lang=en
Did you YNAB is FREE for college students? Sign up here:
https://www.youneedabudget.com/college/
Got a question for Jesse? Send him an email:
askjesse@ynab.com
What's the Most Expensive Thing You've Budgeted For? YNABers Share
Ask Jesse: What's the Most Important Metric?
The Last $300
When Is Your Age of Money Enough?
Rule Three Happens BEFORE Spending, Not After
EP 18 Money Stories: Surviving Financial Abuse with Dr. Kerry Roarke
Ask Jesse: Is All Money Just Savings?
Budgeting for 8 Weeks Abroad with Chrissy Sebald
EP 17 Money Stories: Living Debt Free in Manhattan, Budgeting Wisdom from Mom, and More with Christopher J. Campbell
Simple Investing with Jeremy Schneider of Personal Finance Club
Nail Back to School with the Four Rules
Ask Jesse: What Should You Do with a Life-changing Windfall?
Lessons from the Bookshelf: What Jesse Has Been Reading Lately
Ask Jesse: So You Just Started Your First Real Job...
That Magical Moment (When You Really Want Something)
Ask Jesse: Kids, Allowances, and Cringey Purchases
Budgeting for the Nomadic Life
Ask Jesse: What's the Deal with Whole Life Insurance?
Debt and Pay Later Plans: An Independence Day Rant
Create your
podcast in
minutes
It is Free
We Study Billionaires - The Investor’s Podcast Network
Money Girl
So Money with Farnoosh Torabi
Money Tree Investing
The Disciplined Investor