SAVE Plan After Trump: What Every Student Loan Borrower Needs to Know

SAVE Plan After Trump: What Every Student Loan Borrower Needs to Know

L
Loan Lounge
3 Video Views·Nov 17, 2024

Worried about what’s next for the SAVE Plan now that there’s a new administration? You’re not alone. In this video, we’re breaking down what could happen to the SAVE Plan and other student loan programs like PSLF, what it means for borrowers, and most importantly—what you can actually do to prepare. We get it—this stuff is stressful. But instead of sitting around waiting for the worst, let’s take control.

Here’s what you’ll learn:
Fear-setting (yep, it’s a thing!) to break down your worries and make a plan.
Backup repayment options like IBR, PAYE, and other plans that might be more stable.
How to build a financial cushion to handle surprises.
Last-resort strategies like deferment, forbearance, and even bankruptcy—what you need to know.
We’re also talking about some of the wildest fears out there—like retroactive punishment for forgiveness or a complete dismantling of IDR plans—and what you can do if things really go sideways. Spoiler: you’ve got options.

If you’re stressed about student loans, this video is for you. You’re not the only one feeling anxious—millions of borrowers are in the same boat. Let’s figure this out together so you can sleep a little better tonight.

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🎥 Credits:
• Hosted by Stanley Tate
• Editing by Helena Santín

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