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Joshua J Sheats, MSFS, CFP, CLU, ChFC, CASL, CAP, RHU, REBC is a financial planner who teaches people how to live a rich life now while building a plan for financial freedom in 10 years or less. He mixes creative approaches to lifestyle design, deep-dive financial planning techniques, and hard-core business strategy to equip you with the knowledge and inspiration you need to build financial independence.
How Inflation Impacts Student Loan Borrowers
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By Travis Hornsby. Discovered by Player FM and our community — copyright is owned by the publisher, not Player FM, and audio is streamed directly from their servers. Hit the Subscribe button to track updates in Player FM, or paste the feed URL into other podcast apps.
Inflation is the hot topic of the day. Is it here to stay? And does inflation mean income-driven repayment programs are a bad idea? Listen in as I unpack the inflation conundrum as well as the latest news around the PSLF waiver along with updated guidance from the Department of Education.
In today’s episode, you'll find out:
- How inflation impacts student loan borrowers
- The gold standard, inflation, and deflation, and what it means
- A brief history of inflation and how we got to where we are today
- The role farmers played in inflation over time
- What’s going on with consumer’s balance sheets amid inflation
- What to expect with IBR when inflation happens
- Why borrowers who refinance like inflation
- What you sacrifice in the long-term by aggressively paying off your debt in the short-term
- Who benefits from inflation
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