Student Loans in 2026: What You Should Actually Do Right Now
Student loan repayment has changed dramatically in 2026, leaving many borrowers unsure of what to do next. You may have received notices about switching repayment plans, felt overwhelmed by the new options, or wondered how these updates could affect your financial future. In this episode, we break down what the end of the SAVE plan means, how PAYE, IBR, and the new Repayment Assistance Plan (RAP) compare, when you need to take action, and what these updates could mean for your Public Service Loan Forgiveness (PSLF) eligibility. We also cover practical strategies, important deadlines, and common mistakes to avoid so you can choose the repayment plan that's right for you. Tune in now to make a more informed decision about your student loans.
[00:06:45] The Biggest Student Loan Changes Happening in 2026
[00:10:14] When You Need to Take Action and What Happens If You Don't
[00:15:15] PAYE Explained and Who Should Consider It
[00:20:40] Understanding Old IBR vs. New Income-Based Repayment
[00:28:55] The New Repayment Assistance Plan (RAP): Benefits and Tradeoffs
[00:35:20] Choosing the Right Repayment Plan Based on Your Income and Goals
[00:39:05] PSLF Strategies, Buyback Updates, and Income Recertification Tips
đź”— Check out these resources:
Need help navigating income-driven repayment, Public Service Loan Forgiveness, or deciding whether to refinance? Both of these companies offer consultations to help you determine what to do next. Tell them Dr. Taylor sent you to ensure you get any discounts available.
Contact: Student Loan Advice at studentloanadvice.com or Student Loan Planner at https://www.studentloanplanner.com/drlishataylor
Married and managing student loans? Magni Tax Experts help folks run the calculations to determine if they should file their taxes married filing separately vs jointly with their spouse when factoring in their student loan payments.
Contact: Magni Tax Experts | https://www.magnitaxexperts.com/ | 701-595-0485
🎉 This episode is sponsored by:
PKA Insurance Group, Inc. - Helping you find the best value with personalized insurance solutions. Reach out to PKA Insurance Group to discuss your disability or life insurance needs by calling +1 800-258-1018 or emailing [email protected].
Bona Fide Finance – Trusted financial advisors offering flat-fee, comprehensive planning to help you build wealth and financial security. Book a consultation at bonafidefinance.com/wealthmindedmd or email [email protected] and tell them we sent you.
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