Episode 107: Student Loan Strategies When the Government No Longer CARES
Financial Freedom Podcast - A podcast by Steven J. Richardson, Esq.
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On March 27, 2020, the CARES Act was signed into law to help people deal with the devastating economic effects of the coronavirus. Many of the provisions help student loan borrowers, and while they provide some welcome relief, the law doesn’t address all of the problems that student loan borrowers face. In addition, these provisions are set to expire on September 30, 2020, so the relief is a short-term solution. Therefore, anyone with student loans, whether they are federal, state, or private, need to act soon to have a plan by the deadline. That’s why in this episode of the podcast I talk about some strategies you can look into to use this breather as an opportunity to get your loans back on track! In this episode you will learn: Ways to get out of default on federal and NJ CLASS student loans How to get an affordable, income driven loan repayment plan How to pay off your loans sooner if you are a public employee
