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Will Trump and Musk End the Department of Education?

A lot of borrowers are concerned about what would happen if the Department of Education gets eliminated. We’ll walk through exactly what can and can’t change based on the law, from Public Service Loan Forgiveness (PSLF) and Income-Driven Repayment (IDR) plans to the impact on your student loans. Plus, I’ll give you clear guidance and action steps to prepare your finances. If you’re worried about recertifying your income or wondering if you should refinance, this episode will help calm your nerves and give you practical steps to protect yourself. Key moments: 00:00 Introduction 03:20 Your IDR payments could spike if you don’t plan for how you’ll file your tax return 04:54 Potential PSLF and IDR program changes that could affect your forgiveness 10:24 What a Department of Ed shakeup could mean for your student loans 14:33 The debt-to-income formula that determines your best loan strategy 19:41 The reconciliation bill could reshape IDR programs 📩 Get the brand new IDR calculator that minimizes your student loan payments so you can use the money on better stuff: https://www.studentloanplanner.com/st... #StudentLoanPlanner #StudentLoans #Trump #ElonMusk