Big Nelnet Problems and Summer Updates

Student Loan Planner

Listen in as I answer questions from our mailbag, discuss the peculiar happenings at Nelnet, and provide updates on where we stand with student loans in May. We’ll start with listener questions about the $12,000 10-year forgiveness option, Parent PLUS loans, and income-driven repayment (IDR) recertification dates. You’ll also hear about summer updates like sweeping forgiveness programs, lawsuits trying to block student loan forgiveness, and how the upcoming presidential election could change your student loan payment.

In today’s episode:

00:54 Can borrowers get two kinds of forgiveness with one Direct Loan consolidation?

03:28 Will the Parent PLUS double consolidation loophole kick borrowers off the SAVE plan

06:25 Does early IDR recertification change your recertification date?

08:45 What to do if your Parent PLUS payment is more than you can afford

12:54 Nelnet stopped consolidations, causing concern and delays

15:60 The Department of Education should either fund or fire MOHELA

17:45 Student loan policy depends on political control

18:53 The FAFSA fiasco and speculation on resignations

22:17 Summer updates: forgiveness, lawsuits, and student loan policy

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 [e-mail] and we might feature it in an upcoming show!