Attention 2020, 2021, and 2022 veterinary graduates with student loans! You have some special homework to maximize all of the recently announced benefits. If you have federal student loans and you graduated into the pandemic forbearance period, here are the things your graduating classes need to know and perhaps DO soon to ensure you take […]
Class of 2020, 2021, 2022 Income-Driven Repayment Renewal Note Read More »
On August 24th, 2022, the White House announced the news of a special one-time cancellation of up to $20,000 of federally held student loan debt. The amount of debt cancellation will depend on your income and whether you received a Pell Grant in college.
Special Cancellation of Up to $20,000 of Student Debt. Are You Eligible? Read More »
Federal student debt proposal would change REPAYE, phase out PAYE Buried in a sea of federal student loan announcements and changes over the last few years was the promise of a new income-driven repayment plan. Now we know how parts of that promise will be implemented when the pandemic forbearance benefits end this summer. The
A ‘new’ income-driven repayment plan? Read More »
What a crazy busy year in the world of student debt! It appears some of these changes and opportunities to possibly diminish your debt and shorten your repayment period will continue into 2023. As you’ve probably heard by now, on November 22nd the Department of Education announced another extension of the pandemic forbearance benefits for federal
December 2022 Student Loan Update Read More »
On the VIN and VIN Foundation Student Debt Message Boards and during recent Climbing Mt. Debt webinars, hundreds of questions have been asked and answered. One of the most frequent questions is, “Should I switch to the new Saving on a Valuable Education (SAVE) income-driven repayment plan?” In most cases, the answer is yes, you
Choosing between PAYE and SAVE income-driven plans: Are you in The Pickle? Read More »
Each year in January, the U.S. Department of Health and Human Services (HHS) updates the federal poverty guidelines used to determine financial eligibility for certain programs. Your federal student loan monthly payments are impacted by these updates when you use an income-driven repayment plan. The VIN Foundation Student Loan Repayment Simulator is now using the
Increase in Federal Poverty Rates for 2023: Why that matters for your student loans Read More »
July 26th Update A federal appellate court blocked the Department of Education (ED) from administering the Saving on a Valuable Education (SAVE) income-driven repayment plan. Borrowers using SAVE will be placed in an interest-free forbearance. ED recently posted guidance (https://www.ed.gov/save) on how the ruling impacts borrowers in the short-term, pending continued litigation. Keep checking https://studentaid.gov/announcements-events/save-court-actions
What do the recent court rulings on SAVE mean for you? Read More »
Over the last couple of years, a common question has come up regarding capital gains taxes on student loan forgiveness planning investments. Capital gains on forgiveness planning is an excellent observation and a great thought experiment for anyone using an income-driven plan and anticipating forgiveness. I’m glad people are turning their wheels on how all
Student Loan Forgiveness Planning: Capital Gains Taxes Read More »
You’re running out of time to consolidate your loans If you have federal student loans, you owe it to yourself to read this. ***NEW UPDATE: CONSOLIDATION DEADLINE EXTENDED TO APRIL JUNE 30, 2024*** Why? Because there are time sensitive options you might need to pursue to save yourself lots of time and money. For over
Veterinary Student Loan Repayment: Trends from the trenches Read More »
What to do if you’re in The Pickle – or not Congratulations on your upcoming graduation from veterinary school, Doctors! Whether you’re in The Pickle or not, you have two critical homework assignments to complete before you graduate: File a 2023 tax return; and Review your student loan repayment options, particularly your income-driven repayment plan
2024 Graduating Veterinarians: Special Student Loan Timing Considerations Read More »
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