Student Loans

Student Loan Forgiveness and Forbearance Update

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Student Loan Forgiveness and Forbearance Update – Latest News

Student Loan Forgiveness and Forbearance Update, I know it has been a while but with new information comes new content.

I am Marcus and you are at the channel of the DebtFree Dad. In today’s video, I will discuss the latest in student loan forgiveness and forbearance news.

I am a licensed attorney, but I am not your attorney so always seek a professional when seeking legal or financial advance.

So we have some new news related to student loans and the current state of affairs and I am here to give you the low down. If you are new to this channel, my saying is never waiting for Uncle Sam to change your financial situation, because you may be waiting for a while.

Anyway, we will talk, student loan forgiveness, Biden’s budget, will the forbearance and interest freeze be extended, my thoughts on any forbearance extension, and what I plan to do once student loan payments resume.

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0:00 Start
0:44 There is one comment in every student loan video
1:50 Am I the only one with this Sinking Fund
3:50 What’s not in Biden’s Budget
4:50 Executive Order to cancel student loans
8:04 Will the Forbearance be extended
9:50 My opinion on Forbearance extension
12:20 My plan when payments resume
13:01 If you follow my plan beware of this

Thanks for watching the Student Loan Forgiveness and Forbearance Update video!

Watch the Student Loan Forgiveness and Forbearance Update video on Youtube

21 Comments
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21 Comments

  1. Caleb Bale
    July 22, 2021 at 12:09 am

    That fund lol.

  2. The Ravyn's Nest
    July 22, 2021 at 12:09 am

    Absolutely love the disclaimer!!!!

  3. Uzma Foods
    July 22, 2021 at 12:09 am

    Wow soooooo wonderful excellent video

  4. TXC Tells All
    July 22, 2021 at 12:09 am

    You young folk always looking for a handout… πŸ˜‚πŸ˜‚πŸ˜‚ Hi I'm a young folk looking for forgiveness. That will make up for the govt underpaying me… SS fundπŸ˜³πŸ˜³πŸ˜†πŸ˜†πŸ˜†πŸ˜†πŸ˜†πŸ˜†πŸ˜†πŸ˜† I'm here for it!

  5. Mommy_Trader
    July 22, 2021 at 12:09 am

    Love the fund..LOL. Great video too!

  6. Her Courage To Plan
    July 22, 2021 at 12:09 am

    Do yall thing, love that you have a sinking fund for it….debt free S-cation are the best 😁 It's definitely gone be interesting to see how all of this shake out, especially when you have so many sectors having a hard time filling positions. Let's not forget about so many states jumping on board to end the additional $300 weekly unemployment before September. IF there is anything related to student loan relief, it'll probably be another extension before a $10K cancellation. The jobs report will definitely be one of the major factors in this. Thanks for the update πŸ™ŒπŸ½

  7. Disruptive Wealth Creation
    July 22, 2021 at 12:09 am

    Sad that governments are not investing in their young people and making them pay for education. The only people that are guaranteed work are the teachers who sell them the dream.

  8. Benje - Our Journey To Financial Freedom
    July 22, 2021 at 12:09 am

    The tee is so cold 😍 I deffo wasn't expecting that, big up the SSF πŸ˜‚

  9. Dining with Doug
    July 22, 2021 at 12:09 am

    I just noticed that you’re so close to 1,000 subscribers! Congratulations πŸŽŠπŸŽ‰πŸΎ

  10. Dredd De Jesus - Personal Finance & Debt Journey
    July 22, 2021 at 12:09 am

    HAHAHAHA! I did not expect that at all. But anyway, I think cancellation is not at the table anymore, at least mass-scale cancellation. Probably a targeted cancellation is more in view. As for the extension, I really do they extend it. At least, they should give that to us borrowers.

  11. Goal Digger
    July 22, 2021 at 12:09 am

    I think they're gonna extend it as well, but I'm hoping they will extend it through all of 2022 or at least June 2022. 😬 I wonder if they would ever consider doing a combo of the loan forgiveness and loan forbearance. Like if you resume loan payments in 2022 we'll cancel $10K (or whatever amount) of your student loans. If you choose to continue the forbearance for say an additional 6mos or 12mos, then you won't have the option of student loan forgiveness.

  12. KelechIwuaba
    July 22, 2021 at 12:09 am

    So was not expecting that stuff πŸ˜‚

  13. asianamericanlegalfocus
    July 22, 2021 at 12:09 am

    Great to hear your commentary here. Student loans really drag down young people these days. Yeah, gone are the days when one could work his/her way through college.

  14. Plan Your 1 Life
    July 22, 2021 at 12:09 am

    I think that the student loan forbearance will get extended too.

  15. Plan Your 1 Life
    July 22, 2021 at 12:09 am

    Good plan!

  16. Angelica's Corner
    July 22, 2021 at 12:09 am

    Disclaimer intro just great πŸ‘πŸ‘lol people don’t know how to act lol that’s a good sinking funds , what ever works for you . I’m over student loans . πŸ€”

  17. I'm Ethan - Youtube Tips
    July 22, 2021 at 12:09 am

    Good update and explanation. Thumbs up from a fellow creator πŸ˜…

  18. Wells financial Coaching
    July 22, 2021 at 12:09 am

    πŸ˜€πŸ˜€πŸ˜€ covid got you starting a whole sinking funds. These kids are always popping up when you trying to have an adult conversation πŸ˜‚πŸ˜‚πŸ˜‚πŸ˜œ

  19. Harland D. White
    July 22, 2021 at 12:09 am

    Haha SS Fund makes sense! I feel for people who are drowning in student loans, with have very low ROI. That was an interesting point about the potential risk of refinancing a federal loan.

  20. saucerjess
    July 22, 2021 at 12:09 am

    πŸ’™β€οΈπŸ€β€οΈπŸ’™

  21. BrinaWithaTwist
    July 22, 2021 at 12:09 am

    Do you think I should hold every penny until September or just pay every month?
    Great video