(Ep. 121) Student Loan Forgiveness Is Tax-Free Now. Or Is It? | Student Loan Planner

The American Rescue Plan, signed into law on March 11, makes student loan forgiveness tax-free until the end of 2025. That’s a big deal for borrowers on long-term forgiveness. I talk about the implications of this game-changing provision and addresses several potential questions and concerns from our listeners.

In today’s episode, you’ll find out:

✅ What to know about the American Rescue Plan as it pertains to student loan debt
✅ Who is eligible for tax-free student loan forgiveness under this new law?
✅ What’s behind the misleading headline showing only 32 people qualified for forgiveness
✅ What this most likely temporary provision means for borrowers in the long-term
✅ The positives of eliminating taxes on student loan forgiveness
✅ Whether borrowers should expect tax-free forgiveness
✅ When is the right time to refinance your student loan

Like the show? There are several ways you can help!

➡️ Subscribe on Apple Podcasts, Spotify or Google Podcasts
➡️ Leave an honest review on Apple Podcasts
➡️ Follow us on:
📲 Facebook: https://www.facebook.com/StudentLoanPlan
📲 Twitter: https://twitter.com/StudentLoanTrav
📲 Instagram: https://www.instagram.com/studentloanplanner/
📲 LinkedIn: https://www.linkedin.com/in/studentloanplanner/

Feeling helpless when it comes to your student loans?

➡️ Check out our refinancing bonuses we negotiated: https://www.studentloanplanner.com/refinance-student-loans/

➡️ Book your custom student loan plan: https://www.studentloanplanner.com/hire-student-loan-help/

📩 Subscribe to our email list (bottom of page) 📩

🎧 Find #StudentLoanPlanner on your favorite podcast platform! 🎧

➡️ Subscribe on Apple Podcasts, Spotify or Google Podcasts

Legal: Student Loan Planner is a financial coaching company and does not claim to provide financial advice on investment products. Refinancing federal loans causes the borrower to lose access to income-based repayment plans as well as the PSLF program. We may earn compensation from advertising partners when you click on links on our site. Student Loan Planner is not a debt settlement or debt relief company. We do not provide tax or legal advice.

#StudentLoanPlanner #TravisHornsby #FinancePodcast #StudentLoanDebtPodcast

Source: Student Loan Planner

  • Hallow-Zoom: Scream Your Art Out!
    We’ve got a special treat that is sure to get into the "spirit" of Halloween. Join us Thursday, Oct. 29, 4:30-6:30 p.m. for "Hallow-Zoom: Scream Your Art Out!," a live-stream open mic event to showcase the creative endeavors of the CCC community. This one-of-a-kind event […]
  • #ucdcboxcollective
    Preview the UCDC film that will be projected outdoors on Thursday, November 19, and premiere on LIVE! on Main on Friday, November 20. Source: Ursinus College […]
  • CAN/DID: What Is Black Lives Matter? | De Anza College
    CAN/DID: Standing Against Racism and Injustice CAN/DID is an ongoing multimedia series that explores equity and social justice issues – including lessons we can all learn from the struggles of different groups and individuals – by drawing on the knowledge and experience of De Anza College students, […]
  • How to be Coachable and Why it Matters to College Coaches
    A student-athlete’s character and coachability factors high in what college coaches are looking for in recruits. Our experts discuss how to be coachable and why being coachable is so important. RESOURCES: ===================== For more on coachability, check out: […]
  • How to Clear CAIVRS With Defaulted Student Loans to Get an FHA/VA Loan
    Every week someone contacts me because they’re about to lose a home they’re trying to buy due to a federal student loan that’s in default. Over the years, they forgot all about the loan. It doesn’t appear on their credit report. No one is sending bills to them. The only […]
  • Variable vs Fixed Rates: Whats the Difference?
    There are two types of student loan interest rates: variable and fixed. Learn about each type and how they factor into your student loan. For more information on variable vs fixed student loan rates, visit: https://www.collegeavestudentloans.com/resources/difference-variable-fixed-interest-rates/ […]
  • Alumni Panel Session 2: The Journey from Student to Employee
    Ever wonder what it will be like when you graduate and move from being a student to becoming employed in your career? Or to transfer to a 4-year college or university? WITCC Alumni who have made that journey successfully chat and answer questions. Sponsored by WITCC Career Services Center, Alumni […]
  • Salvation is Created
    Composer: Pavel Chesnokov Arranger: Erik Steighner Performing Group: Blinn College Saxophone Ensemble- Under the direction of Mr. Brian Klekar Performers: Brian Klekar- Soprano Saxophone Denzel Blackmon- Alto Saxophone Kyle Truss- Tenor Saxophone Michael Yocum- Tenor Saxophone Ohany Acosta- […]
  • Clackamas Community College’s Winter 2021 Student Performance of Shakespeare Stew
    This is Clackamas Community College’s Winter 2021 Student Performance of Shakespeare Stew. We’re so thankful to all of our staff and students for sticking with us through another wild online term, and we’re proud to present their pieces in a digitally edited way! To donate to our […]
  • Scary Student Loan Stories
    Is there anything scarier than student loans? With Halloween just around the corner, student loan experts Lauryn Williams and Meagan Landress share scary updates from 2020 and terrifying student loan stories. In today’s episode, you’ll find out: An update on student loan changes so far this […]
  • Declining Reimbursement Rates, plus What Trump’s Finances Show About Student Loans
    If you’re facing a potential salary decrease due to decreasing insurance reimbursement rates, you can start to worry about paying your student loans. In this episode, I talk about steps to take to mitigate the impact and what you can do if you’re in this situation. I also cover lessons you can […]
  • Make the Most of Your Fall – Online! De Anza College Fall Quarter 2020 | De Anza College
    Enroll now and make the most of your time – online! All classes will be held online in fall quarter 2020 at De Anza College, the college that’s always Tops in Transfer – and more! deanza.edu/apply-and-register De Anza College is always • Tops in Transfer: Always at or near the top statewide in […]
  • Will President Biden Cancel Your Student Loan Debt? | Student Loan Planner
    Read the full article: https://www.studentloanplanner.com/joe-biden-student-loan-plan/ Source: Student Loan Planner […]
  • Federal Student Loans
    In this video, you will learn about federal student loans. For more information, visit https://www.blinn.edu/financial-aid/index.html Source: Blinn College […]
  • You Will Always Be a Better Human than Athlete
    Join WNBA Atlanta Dream player, mental health advocate and poet Imani McGee-Stafford as she discusses how athletes can maintain a positive self-image and shape their identity beyond their sport while also prioritizing their mental health Source: NCSA Next College Student Athlete […]
  • Your Dream Job or Internship Search Checklist
    Why are you attending college? From what we’ve learned from you all so far, for many it’s because you want to find a job you love that makes you feel like you’re contributing to a community. Whether you’re a freshman looking for an internship or a soon-to-be graduate searching for your first job, […]
  • The Best High-Yield Checking Accounts Of 2021
    High-yield checking accounts are growing in popularity, as they combine the best aspects of free checking, with the interest rates you could earn on a savings account. Learn more here: https://theci.co/ythighyieldchecking Here’s what we’re talking about in this video: ▶︎ What are […]
  • ESCAMAS III. Oraculo
    Source: Blinn College […]
  • STEM Talk: Our Explosive Universe
    Source: Clackamas Community College […]
  • National Signing Day Misconceptions
    Our recruiting experts discuss some common misconceptions around National Signing Day. • Signing an NLI doesn’t mean you are automatically admitted to that university: Student-athlete must apply for admissions, pay the application fee and be admitted to the school just like any other student would […]
  • Scholarship Impact – 2021
    Scholarships and grants provide life changing opportunity for our Bears. Hear from three of our students about how attending Ursinus through a named scholarship has made an impact on them and their educational experiences. Source: Ursinus College […]
  • What does a D1 outfielder look like?
    What does a D1 softball outfielder look like? Former D1 head softball coach Holly Bruder breaks down what a D1 outfielder should have in their softball skills video. RESOURCES Build a free profile https://getrecruited.ncsasports.org/lp/softball-scholarships/ College Softball Recruiting Guidelines […]
  • International Student Perspective: Studying in the USA
    Source: UChicago College Admissions […]
  • Credit Karma Tax Review 2021 | Best Free Tax Software
    Credit Karma Tax is again our pick for the best free tax software in 2021 due to it’s free price and all-inclusive tax filing. Here’s our full Credit Karma Tax review: https://theci.co/creditkarmataxyoutube Here’s what we’re talking about in this video: ▶︎ What’s new […]
  • But still try, for who knows what is possible.
    We modeled the theme for this year’s #Giving2UCday effort after the Michael Faraday quote etched over the entrance to Pfahler: “But still try, for who knows what is possible.” Ursinus College has already achieved what many thought was impossible this year and successfully commenced our fall […]
  • College Recruiting Timeline: Sophomore Year
    Our recruiting experts break down the recruiting timeline activities athletes should follow in their sophomore year. https://www.ncsasports.org/recruiting/how-to-get-recruited/college-recruiting-process Have a question you want answered about the college recruiting process? Send an email to […]
  • Dean Hammer
    WITCC is celebrating 50 years of Construction, Electrician & Carpentry programming! Dean Hammer, WITCC Construction Instructor 1970-1993 Source: Western Iowa Tech Community College […]
  • Overdraft Protection: How It Works And How To Avoid Fees
    Overdraft protection is a growing benefit of many checking accounts. Here’s what you need to know about it: https://theci.co/overdraft Here’s what we’re talking about in this video: ▶︎ What is overdraft protection? ▶︎ Linking a savings account vs. a line of credit ▶︎ Alternatives […]
  • Will My Tax Refund Be Taken For Student Loans During The Coronavirus Pandemic?
    This is a question I’ve been getting a lot lately. The answer is a little complicated. For most people with federal student loans that are in default, they won’t have to worry about their refund being taken. That’s because Pres. Biden suspended student loan collections through […]
  • Omelet | Kitchen Covered
    Student dining often gets a bad rap. Between the hefty cafeteria fare and the limited cooking options (microwave pizza again?), it can be hard work dodging the dreaded freshman 15. We’ve got you covered with Kitchen Covered: your quick fix to creating fresh, home cooked meals — all from the comfort […]
  • Down Longford Way
    Down Longford Way: Composed by Percy Grainger. Performed by the Blinn College District Symphonic Band under the director of Dr. Kendall Prinz. Recorded with permission from J.W. Pepper & Son, Inc. Source: Blinn College […]
  • How to Make a Highlight Video | Football Quarterback
    Learn how to make a football quarterback highlight video and what college coaches are looking for at your position/level. Watch our football expert analyze highlight film, and get actionable tips for showcasing the skills coaches want to see in your video. RESOURCES: NCSA Football Recruiting […]
  • WITCC Facts
    Source: Western Iowa Tech Community College […]
  • Women of WITCC: Lily Castro
    In honor of Women’s History Month, Mike is taking time to chat with some incredible women at Western Iowa Tech. Source: Western Iowa Tech Community College […]
  • Introduction to Financial Wellness
    In this video, we will cover the basic steps and introduction into the world of financial wellness. Make sure to take notes and watch the whole series to deepen your knowledge on the topic of financial wellness! Source: Ascent Funding […]
  • The Best Tax Software 2021 – What You Should Be Using To File Your Taxes
    There is no "one-size-fits-all" for the best tax software. With the pandemic, many people’s tax situation has changed, leading to different options. Read our full guide to the best tax software here: https://theci.co/besttaxyoutube We rank tax software companies based on the […]
  • What Does It Mean if a College is Test Optional?
    Test Optional for some colleges means you are not required to submit your test scores when applying to a college. If you are looking for a scholarship however, you still may be required to submit your scores. RESOURCES: ===================== Application Deadlines and Processes […]
  • College Recruiting Update: D1 Dead Period Extended to May 31st
    Our experts discuss the current landscape of college recruiting, including the latest NCAA recruiting updates, as well as some tips to manage the process during this time. https://www.ncsasports.org/blog/2020/10/27/recruiting-is-still-happening-what-recruiting-looks-like-across-division-levels […]
  • CAN/DID: Why We Should Care about Anti-Asian Racism (Trailer 1:00) | De Anza College
    CAN/DID: Standing Against Racism and Injustice CAN/DID is an ongoing multimedia series that explores equity and social justice issues – including lessons we can all learn from the struggles of different groups and individuals – by drawing on the knowledge and experience of De Anza College students, […]
  • Spring classes start April 5
    Everett Community College has moved most of its classes online, but don’t let this stop you from pursuing your degree or certificate. You still have time to enroll in Spring classes. Start here: https://www.everettcc.edu/enrollment/future-students/get-started/ Source: Everett Community College […]
  • CAN/DID: Inclusion in Practice at De Anza College: Intercultural Studies Part I | De Anza College
    CAN/DID: Standing Against Racism and Injustice CAN/DID is an ongoing multimedia series that explores equity and social justice issues – including lessons we can all learn from the struggles of different groups and individuals – by drawing on the knowledge and experience of De Anza College students, […]
  • 5 FREE minutes of THERAPY as you head into 2021
    Do you feel like you could use five free minutes of therapy as you kick off the new year? Maybe you’re a current student preparing for the return to campus, or maybe you’re a high school senior in the midst of your college search. In either case, you’re about to experience transition. And as Reid […]
  • Spring College Recruiting Checklist for Juniors
    Juniors, learn what you should be doing this spring to stay on track in your college recruiting process https://www.ncsasports.org/recruiting/managing-recruiting-process/spring-checklist#juniors. SUMMARY See more tips for March, April and May. Download the Junior Year Spring Recruiting checklist […]
  • VCAM Tour
    Take a tour of the Visual Culture, Arts, and Media Facility at Haverford College. Source: Haverford College […]
  • Be a Clydesdale, Not a Pony: Why Borrowers Shouldn’t Be Afraid of Taking More Professional Risks
    What do student loans have in common with the Budweiser Clydesdales? You know, those massive and powerful bay-colored draught horses that you see in Bud advertisements? Forgive the analogy, but you are a Clydesdale. You have more power than you think to steer your professional and, yes, financial […]
  • HOMESCHOOL to COLLEGE Transition // Christy Bartel ’23
    If your home or homeschool co-op has been your school for years, it can feel intimidating to step into a college classroom or lecture hall for the first time. That was certainly the case for international affairs and history major Christy Bartel ’23 when she started her first year at Gordon. But […]
  • Making a Football Offensive Line Skills Video During COVID-19
    Learn how to make a football offensive line skills video during COVID-19 and what college coaches are looking for at your position/level. Watch our football offensive line expert analyze skills footage and get actionable tips for showcasing the skills coaches want to see in your video. Former […]
  • Unique Student Loan Considerations for Physicians
    Physicians often ignore their student loan debt because so much of their brain space and emotional energy is dedicated to their vocation of medicine. In this episode, Student Loan Planner consultants Lauryn Williams and Justin Harvey explore unique student loan considerations and strategies for […]
  • Understanding the Difference Between a Want and a Need
    One of the most important financial tips to learn during college is determining what is a necessary and what is not. We all like to have fun and socialize, but it’s up to you to determine what you could cut back on! Watch our video to learn 3 tips to help you better understand the difference […]
  • Campus Tour by Joseph Spir Rechani ’20
    Tour Guide Joseph Spir Rechani ’20 leads us on a walk through Haverford’s campus. Source: Haverford College […]
  • Sesión informativa sobre GED / HEP
    En este video, Beto Espindola y Luis Rodríguez de Portland Community College (PCC) nos hablan sobre dos programas del PCC: – HEP (Programa de Equivalencia a la Preparatoria) para trabajadores del campo (o sus familiares) de Washington County – Clases generales de GED. www.pcc.edu/hep/ […]
  • Calbright College Board of Trustees Meeting | September 21, 2020
    Source: California Community Colleges […]
  • Myth: Coaches Will Find You if You’re Great at Your Sport
    Our recruiting experts address common misconceptions about how college coaches find recruits. For more on this topic, check out: https://www.ncsasports.org/recruiting/how-to-get-recruited/college-recruiting-process Have a question you want answered about the college recruiting process? Send an […]
  • Why A Student Loan Plan Matters | Student Loan Planner Expert Explains
    Are you prepared for student debt? Whether you’re contemplating getting student loans or you have student loans, a student loan debt plan is important in your journey to pay off student loans. In this video, we share why it is important to have a student loan debt plan at any amount owed. 📒 Show […]
  • Happy Holidays from Everett Community College: A look back at 2020
    So, 2020 wasn’t a great year, but it had its moments. Take a look back at the year’s highlights with Dr. Daria J. Willis. Happy Holidays! Source: Everett Community College […]
  • Morelia Cortes- The Timothy Award
    Source: Everett Community College […]
  • Career Navigator: Nick Demke
    Mike chats with Career Navigator Nick Demke on his background, working with students, and campus services. Source: Western Iowa Tech Community College […]
  • Veterinarian Reduces Her Student Loan Payment By 600$
    To schedule a one on one call with a tutor you can contact us at: contact@studentloantutor.com 510-900-6360 facebook.com/studentloantutor Mention that you came from YouTube for a 20% discount on your personalized repayment plan strategy. Refer a friend and we’ll refund you the entire cost! […]
  • Is 2021 a Bubble for Investing?
    Wondering what’s going on with the financial markets? I’m joined by consultants Rob Bertman CFA, CFP® and one of our newest consultants, Molly Laughter MBA, CFA, CFP® to examine whether we’re in a bubble. The three of us have a variety of experiences handling billions of investment dollars. We’re […]
  • Questions in the Study of Inequality
    James J. Heckman, Henry Schultz Distinguished Service Professor of Economics at UChicago, introduces students to a framework that establishes how to study inequality. He considers multiple factors including health inequality, family as a source of inequality, and international trends in wages, […]