All the Regs That Need to Happen Very Soon
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All the Regs That Need to Happen Very Soon
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If you feel like student loan policy is stuck in limbo right now, you're not wrong. In this episode, I walk through the mountain of regulations the Department of Education still has to publish very soon if the new repayment system is going to function by July 1. We talk about why schools are scrambling, why borrowers are stuck waiting and how political timing is making everything messier. If you're trying to plan your finances while the rules are still being written, this episode explains what's missing and what's coming.
Key moments:
(03:06) Degree borrowing limits are creating chaos for schools and students
(05:26) Democratic senators demand answers from the Department of Education
(12:34) A lot of rules still don't exist for implementing the plan changes
(14:01) Why students, schools, and policymakers are all "gambling" right now
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