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What is the Student Loan Opt Out?
Description
The latest on the Biden administration's student loan cancellation program includes opt-out provisions that have left many scratching their heads. I'll cover that and explain the legal back-and-forth and endless policy changes of student loan repayment, so you don't have to feel so alone.
In today's episode:
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00:36 The 8th Circuit Court ruling means everything about the Saving on a Valuable Education (SAVE) plan is going to stay locked down
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05:58 Positive outcomes that benefit borrowers
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08:16 The reason behind the opt-out provision (hint: it's not about choosing to opt out)
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10:26 Stay positive and focus on financial strategies that you can control
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