Listen in as student debt expert and Board Member Dr. Tony Bartels and the newest student debt team member Dr. Rebecca Mears chat with Executive Director Jordan benShea in this next installment of our Student Debt Series.
In this episode we cover the following nine topics:
- Latest announcement on Jan 10th
- Phasing out of ICR and PAYE repayment plans
- Is this a different way of doing things?
- Where can a borrower see what repayment plan they are enrolled in currently?
- A ‘new’ income driven repayment plan?
- What is Re-REPAYE?
- ‘New’ plan added to Student Loan Repayment Simulator
- Are there other changes happening?
- What should colleagues do now?
As always, we want to hear from YOU. Please share your thoughts by sending an email or joining the conversation.
GUEST BIO:
Dr. Tony Bartels
Tony Bartels, DVM, MBA graduated in 2012 from the Colorado State University combined MBA/DVM program and is a VIN Foundation Board Member and Student Debt Expert, and an employee of the Veterinary Information Network (VIN). He and his wife, a small-animal internal medicine specialist practicing in Denver, have more than $400,000 in veterinary-school debt that they manage using federal income-driven repayment plans. By necessity (and now obsession), his professional activities include researching and speaking on veterinary-student debt, providing guidance to colleagues on loan-repayment strategies and contributing to VIN Foundation resources. Beyond debt, his professional interests include small- and exotic-animal practice. When he’s not staring holes into his colleagues’ student-loan data, Tony enjoys fly fishing, ice hockey, camping and exploring Colorado with his wife, Audra, and their two rescued canines, Addi and Maggie.
Dr. Rebecca Mears
Rebecca Mears, DVM is from Lexington, KY, where she completed her BS at University of Kentucky. She is a graduate of University of Georgia’s College of Veterinary Medicine. While in vet school, she served as the National Business Certificate Director for the Veterinary Business Management Association (VBMA) and as a board member for Vets for Pets and People. During this time she took an active role in wellbeing awareness and access within the veterinary community. Rebecca then worked as an equine general practitioner and is an active AAEP member. In her time away from veterinary medicine, she can be found hiking, baking, and hosting impromptu dance parties. She is passionate about giving back to the profession and improving the lives of veterinarians, pre-vet and vet students.
LINKS AND INFORMATION:
- VIN Foundation Student Debt Center: https://vinfoundation.org/studentdebtcenter
- Check your current student loan servicers and other loan details — VIN Foundation My Student Loans tool: http://www.vinfoundation.org/mystudentloans
- Loan Repayment Simulator: https://vinfoundation.org/loansim
- VIN Foundation WikiDebt: https://vinfoundation.org/wikidebt
- VIN Foundation Webinars: https://vinfoundation.org/resources/webinars/
- Stay up to date with VIN Foundation updates: https://vinfoundation.org/updates/
- VIN Foundation GIVE page to support these programs & tools: https://vinfoundation.org/give
VIN Foundation Blog Recent Student Debt Blog posts:
- A ‘new’ income-driven repayment plan?: https://vinfoundation.org/a-new-income-driven-repayment-plan/
- Common Student Loan Consolidation Questions and Answers: https://vinfoundation.org/fed-student-loan-consolidation-faqs-questions-answers-considerations/
- Class of 2020, 2021, 2022 Income-Driven Repayment Renewal Note: https://vinfoundation.org/class-2020-2021-2022-student-loan-renewal-note/
- Special Cancellation of Up to $20,000 of Student Debt. Are You Eligible?: https://vinfoundation.org/special-cancellation-student-debt/
- Got Federal Student Debt? You’re Now Closer to Forgiveness Than You Think: https://vinfoundation.org/got-federal-student-debt-youre-now-closer-to-forgiveness-than-you-think/
- Student Loan Forgiveness Planning: Preparing for the Tax Bill: https://vinfoundation.org/veterinary-student-loan-forgiveness-planning-preparing-for-the-tax-bill/
- Student Loan Interest Rates Increase for 2022-2023 Academic Year: https://vinfoundation.org/student-loan-interest-rates-for-veterinary-school/
- Personalized student loan Help from VIN and VIN Foundation: https://vinfoundation.org/veterinary-student-loan-debt-help/
- Repay Wiser:
https://vinfoundation.org/resources/repay-wiser-veterinary-school-debt-loan-repayment/ - Borrow Better: https://vinfoundation.org/resources/borrow-better-veterinary-school-loan-debt/
- New Grad Student Loan Repayment Playbook: https://vinfoundation.org/resources/veterinary-new-grad-student-loan-repayment-playbook/
- Federal Student Aid Data, Consolidation, and Repayment Application: https://studentaid.gov/
- New Proposed Regulations Would Transform Income-Driven Repayment by Cutting Undergraduate Loan Payments in Half and Preventing Unpaid Interest Accumulation: https://www.ed.gov/news/press-releases/new-proposed-regulations-would-transform-income-driven-repayment-cutting-undergraduate-loan-payments-half-and-preventing-unpaid-interest-accumulation
- Student Debt Relief Information: https://studentaid.gov/debt-relief-announcement/one-time-cancellation
- Department of Education press release (Nov 2022): https://www.ed.gov/news/press-releases/biden-harris-administration-continues-fight-student-debt-relief-millions-borrowers-extends-student-loan-repayment-pause
- Department of Education press release (April 2022): https://www.ed.gov/news/press-releases/department-education-announces-actions-fix-longstanding-failures-student-loan-programs
- One-time Forgiveness Count Adjustment https://studentaid.gov/announcements-events/idr-account-adjustment
- Federal Student Loan Servicers: https://studentaid.gov/manage-loans/repayment/servicers
- Public Service Loan Forgiveness (PSLF): https://studentaid.gov/manage-loans/forgiveness-cancellation/public-service
Email VIN Foundation: studentdebt@vinfoundation.org
You may learn more about the VIN Foundation, on the website, or join the conversation on Facebook, Instagram, LinkedIn, or Twitter.
If you like this podcast, we would appreciate it if you follow and share. As always, we welcome feedback. If you have an idea for a podcast episode, we’d love to hear it! Reach out to podcast@vinfoundation.org.
