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
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
254 - A Quick Look Back, and Talking About Going Forward
253 - Budgeting is Boring. Let's All Just Admit That.
252 - Growing Old Together with Your Crazy Money
251 - Rule Two With a Wild Income
250 - Can I Afford It? Yes! Oh...Wait
249 - Budget Fails with Variable Income
248 - March to Your Own Drum
247 - When the Money Itself Becomes a Priority...Watch Out.
246 - A Report on Reports
245 - Budgets & Butlers
244 - We're Doing Workshops Now
243 - A 100% Remote Company. And You Can Too.
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