If you’ve got a weird colored mole on your shoulder that’s getting bigger- you should probably visit a dermatologist ASAP! Most health issues are best addressed sooner rather than later and you’re not doing yourself any favors by prolonging the inevitable. In fact, because you’ve kicked the can down the road so many times you might actually be worse off! And the same is true when it comes to student loans. The repayment pause was extended so many times that a third of borrowers spent the money that was previously going towards their student loans because they didn’t believe payments would resume. Well payments are resuming, but not without some relief from the new SAVE repayment plan. Today we cover what types of loans are impacted, how you can enroll, and calculating the maximum amount that you’ll pay. We’ll also cover smart ways that you can shop around for a degree, whether the “first year’s salary” rule of thumb still applies, and how your employer is eligible to pay off $5,250 annually of your student loans.

Additional links:

• Renter rewards – Renters rejoice!!! The new BILT Mastercard lets you earn points when paying for rent!

• SAVE – Apply for the SAVE repayment plan if you haven’t been automatically enrolled.
  • Check out the updated calculator over at Student Loan Planner to see what your payments might be under the new SAVE plan. Also here’s out full Student Loan Planner review for folks that have over 20k in student debt!

• Get ready! – The best ways to prepare for student loan payments resuming.

• Credit Card Tool – Looking for the right credit card for you? Then check out our new credit card tool that’ll help you to easily filter through all the cards based on your preferred airline, whether or not they have an annual fee, or simply by the cashback offer! Just toggle the sliders and you’ll know which card to consider.

• Newsletter – Don’t forget to sign up for the best personal finance newsletter in all the land! It’s completely free and something we create to help you along your journey to financial freedom. It drops every Tuesday morning and you can always unsubscribe if you don’t dig it!

During this episode we enjoyed an IPA by Wakuwaku Tezukuri Farm Kawakita- thanks for sending this one our way Julia! And please help us to spread the word by letting friends and family know about How to Money! Hit the share button, subscribe if you’re not already a regular listener, and give us a quick review in Apple Podcasts or wherever you get your podcasts. Help us to change the conversation around personal finance and get more people doing smart things with their money!

Best friends out!