(Ep. 157) How Inflation Impacts Student Loan Borrowers
Inflation is the hot topic of the day. Is it here to stay? And does inflation mean income-driven repayment programs are a bad idea? Listen in as I unpack the inflation conundrum as well as the latest news around the PSLF waiver along with updated guidance from the Department of Education.
In today’s episode, you'll find out:
✅ How inflation impacts student loan borrowers
✅ The gold standard, inflation, and deflation, and what it means
✅ A brief history of inflation and how we got to where we are today
✅ The role farmers played in inflation over time
✅ What’s going on with consumer’s balance sheets amid inflation
✅ What to expect with IBR when inflation happens
✅ Why borrowers who refinance like inflation
✅ What you sacrifice in the long-term by aggressively paying off your debt in the short-term
✅ Who benefits from inflation
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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.
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