Jesse chats with Ben, a YNAB employee and "The Dollar Scholar" on TikTok, where he educates college students and grads on the intricacies of student loans. Ben walks through the recently announced student loan forgiveness program, how much debt can be forgiven for students or graduates with Pell grants and with traditional Federal student loans, and some of the forthcoming changes to income-based repayment plans.
Ben also reminds us that not all the details of the plan have been worked out yet, and there are still open questions regarding the legality of the program, as well as potential income tax implications at the state level. Consequently, he reminds us, don't count on those forgiveness funds until they actually hit your bank account!
Follow Ben the Dollar Scholar on TikTok:
https://www.tiktok.com/@thedollarscholar?lang=en
Did you YNAB is FREE for college students? Sign up here:
https://www.youneedabudget.com/college/
Got a question for Jesse? Send him an email:
askjesse@ynab.com
338 - Budgeting is Spending
337 - Taking a Vacation from Budgeting
336 - Better Halves and Budgets
Ep 07 Debt Story: Meet Jennifer
335 - Money Stops, Obligations Keep Coming
Ep 06 Debt Story: Meet Sydney
334 - Parenting is Hard, Not Expensive
Ep 05 Debt Story: Meet Brittany
332 - Antifragile Finances
Ep 04 Debt Story: Meet Daniel
333 - Lowering the Baseline
Ep 03 Debt Story: Meet Andy & Melissa
330 - Is Eating Out Eating Your Budget?
Ep 02 Debt Story: Meet Tom
331 - Sacreligious Budgeting
Ep 01 Debt Story: Meet Angela
329 - When the Emergency Fund's Gathering Dust, and Why
328 - Why Only Budget What You Have?
327 - A Blind Trust
326 - Renting vs. Buying
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