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Major Accident at ED About Married Filing Separate

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Manage episode 478386423 series 2471867
Content provided by Travis Hornsby. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Travis Hornsby or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ppacc.player.fm/legal.

The Department of Education dropped a bombshell announcement that would've killed a loophole strategy many of you use to keep your student loan payments manageable, only for the agency to quickly walk it back after public outcry. What actually happened? Was this ED deliberately trying to break the law and eliminate the married filing separate option, or was it just an honest mistake? You’ll hear the latest on how advocacy, lawsuits, and a fair bit of confusion among government officials have shaped repayment, and what it means for your student loan strategy (spoiler: the loophole lives... for now).

Key moments:

(01:58) The income-based repayment (IBR) married filing separate rule is actually written into federal law

(05:08) Department of Ed issued a corrective statement claiming the announcement was a mistake

(07:15) Recertification dates extended, creating confusion around timeline requirements

(09:57) Despite complications, there are positive developments worth highlighting for borrowers

(10:58) House GOP advances budget reconciliation bill that could impact student loan programs

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

Feeling helpless when it comes to your student loans?

Do you have a question about student loans? Leave us a voicemail here or email us at [email protected] and we might feature it in an upcoming show!

  continue reading

388 episodes

Artwork
iconShare
 
Manage episode 478386423 series 2471867
Content provided by Travis Hornsby. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Travis Hornsby or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ppacc.player.fm/legal.

The Department of Education dropped a bombshell announcement that would've killed a loophole strategy many of you use to keep your student loan payments manageable, only for the agency to quickly walk it back after public outcry. What actually happened? Was this ED deliberately trying to break the law and eliminate the married filing separate option, or was it just an honest mistake? You’ll hear the latest on how advocacy, lawsuits, and a fair bit of confusion among government officials have shaped repayment, and what it means for your student loan strategy (spoiler: the loophole lives... for now).

Key moments:

(01:58) The income-based repayment (IBR) married filing separate rule is actually written into federal law

(05:08) Department of Ed issued a corrective statement claiming the announcement was a mistake

(07:15) Recertification dates extended, creating confusion around timeline requirements

(09:57) Despite complications, there are positive developments worth highlighting for borrowers

(10:58) House GOP advances budget reconciliation bill that could impact student loan programs

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

Feeling helpless when it comes to your student loans?

Do you have a question about student loans? Leave us a voicemail here or email us at [email protected] and we might feature it in an upcoming show!

  continue reading

388 episodes

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