The Student Loan Doctor LLC Sonia Lewis

Tips From This Episode:
Ask your credit card company, Are you offering any form of forbearance at this time?
If no, Ask if you can change the due date of your bills, credit cards coming
If you find yourself struggling financially, call customer service to make your case. Make sure to clearly and politely articulate the reasons for your hardship. Companies may offer you such things as: 
Being able to skip a payment, having temporarily lower rates, getting fees waived or having a credit line increase.
When contacting your lenders, be prepared to explain:
Your situation
How much you can afford to pay
When you’re likely to be able to restart regular payments
In the case of mortgages, be prepared to discuss your income, expenses and assets
If you have trouble paying your credit card, call your lender may have options that will help. Our tips include changing the date of your payment, requesting a payment plan, and asking for a payment extension.
For additional assistance with managing your debt, budget and creating an additional stream of income, check out our upcoming class on April 5th, 2020 - 30 Day Financial Wellness Course - click here
For a FREE discovery call for your federal loans, please click here
Follow us on IG for more great information, tips and updates: thestudentloandr

Recap of the this podcast episode points:
The president has waived interest payments, but not principal payments, on federally-held student loans until further notice."
Instead, the order waives the requirement that borrowers pay interest on federally-held loans, including loans in income-driven repayment and loans in forbearance. That means borrowers will still keep paying, but it will only be on the loan’s principal.
The interest waiver is automatic and effective immediately. The department will start putting the measure into effect over the next week or two.
To join the upcoming 30 Day Financial Wellness class starting April 5th, please click here

 This episode is a brief update on the major updates being proposed by the Trump administration: 
1) Undergraduates can get federal student loan forgiveness after 15 years
-12.5% of discretionary income and forgive remaining balances after 15 years.
-Positive: forgive the remaining student loan balance five to 10 years sooner than the current income-driven repayment plans
2) Limits annual and lifetime student loan limits for graduate students and parent borrowers 
3) Eliminates subsidized federal student loans
4) Eliminates public service loan forgiveness
5) Expands eligibility for Pell Grants 
If you need help on understanding how this proposal may impact your loans, schedule a free discovery call via www.doctorpleasehelpme.com
 

This webinar features details on the teacher, nursing and public service loan forgiveness program.
For details on the executive consultations or public service loan forgiveness consultations, please visit Doctorpleasehelpme.com

Enjoy this quick snippet from the Michele Speaks Radio Show! Listen in as Traci Powell, real estate investing expert and Joanna Jane, personal finance expert and Sonia, The Student Loan Doctor give you gems on understanding how you can leverage the opportunity and there are a few student loan repayment gems at the end!
This episode is brought to you by SLD University!
SLD University is our online university where we discuss different topics of personal finance in a small and supportive environment. Click here to learn more.
Follow Traci Via IG: realestatetraci
Follow Joanna Via IG: j_b_enterprises
Follow Sonia Via IG: thestudentloandoctor

Our podcast is back with a brand new episode!
The recording begins at the 1 minute mark.
Listen in on a live discussion had with home buying expert Marc Brown. 
Learn about FHA, Conventional and Non-traditional home buying as it relates to your student loans. 
If you are buying a home within the next year, you need to listen in!
If you need a discounted consultation after listening, visit doctorpleasehelpme.com and use code: home for $5 off!
Need to reach Marc Brown to see if he can assist you with your home buying goals, email him at marc@marc.loans
Enjoy!!!