The IDR Recertification Time Bomb is Coming
Description
With recertification deadlines for income-driven repayment (IDR) plans being pushed back repeatedly, there's a growing concern that borrowers may be hit with unexpectedly high payments once these delays finally end. This situation is creating what I call the “IDR recertification time bomb.”
In today’s episode:
03:37 Payments could skyrocket to 10 or even 20 times their current amount
07:03 IDR recertification could lead to chaos if the courts nix the Saving on a Valuable Education (SAVE) plan
13:57 Resources for student loan borrowers to prepare themselves
Like the show? There are several ways you can help!
- Follow on Apple Podcasts, Spotify or Amazon Music
- Leave an honest review on Apple Podcasts
- Subscribe to the newsletter
Feeling helpless when it comes to your student loans?
- Try our free student loan calculator
- Check out our refinancing bonuses we negotiated
- Book your custom student loan plan
- Get profession-specific financial planning
Do you have a question about student loans? Leave us a voicemail here or email us at help@studentloanplanner.com and we might feature it in an upcoming show!
United States
