Decoding Student Loans

Decoding Student Loans

EDCAP helps individuals in navigating the complexities of the student loan system. In our podcast, we delve into contemporary topics surrounding higher education financing, addressing concerns affecting both current and prospective student loan borrowers. As seasoned experts in student loans, we have assisted thousands of borrowers in securing millions in debt relief through our personalized counseling services. The Education Debt Consumer Assistance Program (EDCAP) is a program of the Community Service Society of New York.

Episodes

May 8, 2025 41 mins

EDCAP's student loan experts discuss important developments affecting borrowers in the federal system—including new proposed regulations initiated by the Department of Education, a sweeping 103-page bill in Congress (The Student Success and Taxpayer Savings Plan), and the return of credit damage for delinquencies and aggressive involuntary collections for borrowers in default. 

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Join the student loan experts at EDCAP as they break down the latest news, analyze what a new Trump administration could mean for borrowers, and explore tax strategies that could help student loan borrowers save money—just in time for the April 15 filing deadline.   Chapter markers:
  • 00:44 - New...
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We guide student loan borrowers through the legal challenges facing the SAVE plan, its impact on other IDR plans, and key considerations for those pursuing PSLF. We also cover two programs ending on Sept. 30, 2024: Fresh Start for defaulted loans and the repayment grace period (on-ramp), along with important insights for first-time borrowers entering repayment.

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The student loan experts at EDCAP answer the internet's biggest questions about PSLF. They provide critical guidance to improve your chances of getting loan forgiveness, while dispelling some common misconceptions about the program. We also sat down with a borrower who recently received PSLF to understand her journey and to put it all in real terms for our listeners.

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Resident experts Carolina Rodriguez and Nancy Nierman, the Director and Assistant Director of EDCAP, break down the latest developments affecting borrowers. From updates on FAFSA and student debt forgiveness "plan B" to forecasting potential changes to the student loan system, we cover a lot of ground in our first episode. 

 

Topics Discussed:

  • 00:55 – Latest on FAFSA
  • 06:44 – Student Loan Forgiveness Plan B
  • 11:32 – IDR Account A...
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