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
Budget Nerds Is Now a Podcast!
Ask Jesse: Planning for 3-Month Paychecks and Windfalls
Ask Jesse: How Do You Budget After Retirement?
Real Estate 101 with Scott Trench (BiggerPockets)
The Organized Wallet with Ashley from TikTok
Take the More Money Challenge with Veronica
Budget Burndown Revisited: How to Set and Reach Your 2022 Financial Goals
EP13 Money Stories: Jak and Chelsea Tackle ADHD... with YNAB
Celebrating Your Biggest Wins in 2021
Ask Jesse: How Do I Get Back on the Budget Bandwagon?
Meet the Chief of Side Hustles: Nick Loper
Ask Jesse: How to Launder Money... for Christmas?!
Don't Afterpay Your Way Though the Holidays
Ask Jesse: Living Right And It's Not Fair
Adapt or Die
Ask Jesse: Should I Sell My Crypto to Pay Off Debt?
Growth After Trauma: Krista St. Germain from The Widowed Mom Podcast
EP12 Money Stories: Njeri Young Asks "How Do You Want Your Money to Treat You?"
18 Summers: Jim and Jamie Sheils on Building Stronger Families
Money Story EP11: Chris Wilson on Simplifying Your Why
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