A SAVE student loan could be the key to investing in your future self

Money Making Sense

A SAVE student loan could be the key to investing in your future self

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Published on Jul 10, 2024, 1:00:10 AM
Total time: 00:17:33

Episode Description

After several years of not having to pay student loans - or no interest added to them - everyone is back to paying their full payments.  Brian Walsh, the head of advice and planning with SoFi, says a SAVE student loan program may be the way forward.  But there have been changes.

  1. Currently, if you missed a student loan payment during the first year, it wouldn't be reported to a credit bureau.  That is now going away.
  2.  The percentage of your discretionary income used to calculate your monthly payments is changing -- but currently is facing a court fight.

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More about Money Making Sense

The goal of Money Making Sense is to help you find more financial peace. Host Heather Kelly and guest experts focus on reviewing paychecks and analyzing family decisions. They also talk about vacationing on a budget, retirement savings on a limited income, reducing household expenses, the financial impact of owning pets and how money affects relationships. Money Making Sense will give you practical ideas on how to improve your bottom line. Money Making Sense is a 2017, 2018, 2020 and 2021 People's Choice Podcast Award Finalist.