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
274 - Unearthed Priorities
273 - No Online Purchases in 2017
272 - Settling in With Stuff
271 - The Herloom Toaster
270 - Ownership Overhead
269 - The Cost of Ownership
268 - 1-844-YNAB-ING
267 - Your Debt Is Gonna Bury You
266 - Target Trouble
265 - Overspending
264 - Just A Budget Meeting
263 - Expenses Oh No
262 - Budget More
261 - Month One! In the Books!
260 - Getting a Reluctiant Partner on Board
259 - Why Most People Quit Budgeting
258 - How To Start Over
257 - Resolutioin-Proofing Your Budget
256 - Merry Christmas
255 - Support Amids the Holiday Chaos
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