What Democrats and Republicans are Proposing for the Future of Student Loans

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Forgiveness, cancellation, and repayment plans have seen many changes in recent months. But there’s more coming — I’m following what the Democrats and the Republicans are proposing for the future of student loans, which could have a big impact on student loans in 2023 and 2024.

Listen in as I dive into proposals and a particular bill that is likely to pass in Congress that could help out a small, but important category of student loan borrowers.

In today’s episode, you'll find out:

• Listener question: Can I get a refund on payments and still qualify for $10k and $20k cancellation
• What the cancellation announcement means for your student loans
• How the Democrat and Republican plans can overhaul student loans
• How the student loan act would drastically lower interest rates on student loans
• What the republican bill means and how it could impact current and future borrowers
• What would the final rule look like if it were codified
• Refinancing strategies for graduate school loans

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Do you have a question about student loans? Leave us a voicemail here or email us at [e-mail] and we might feature it in an upcoming show!