We kick things off by answering a listener’s question: How do I know if my interest rate is too high? Seems simple—until we dig into the loopholes big banks use to dodge state usury laws and how shady tribal loan scams worked… until they didn’t.

But buckle up—because what follows is the real headline: a massive, catastrophic overhaul of the federal student loan system that almost nobody is talking about. From new borrowing caps to hidden rule changes that could disqualify you from forgiveness after years of payments, this episode is a wake-up call. If you’re counting on PSLF, stuck with Parent PLUS loans, or have any kind of federal student loan, this could save you thousands—or decades of regret.

👉 Ask your question at https://getoutofdebt.org/podcast
🙋‍♂️ Want help from Damon? Go to https://damonday.com

Life doesn't wait — and when the unexpected hits, your finances can crumble fast if you're not ready. In this episode, Steve Rhode, the original Get Out of Debt Guy, and Damon Day, the new Get Out of Debt Guy, dive into the real cost of living paycheck to paycheck, why guilt is keeping you broke, and what smarter financial choices look like when you're staring down layoffs, car trouble, or divorce.

This isn’t about judgment — it’s about giving you real options, real strategies, and a chance to breathe again. If your credit card balances are higher than your savings account, it’s time for a better plan.

Listen in and learn how to build a safety net, protect your future, and make hard decisions feel a little... less hard.

💻 More free help: https://getoutofdebt.org
🤝 Talk to Damon: https://damonday.com

Big changes are coming for Parent PLUS loans—and most families have no idea. In this episode of The Get Out of Debt Guy Show, Steve Rhode and Damon Day break down the hidden deadlines, confusing rule changes, and massive traps built into the new Parent PLUS system. If you’re planning to help your kid with college—or already have Parent PLUS loans—June 30, 2026 is the line in the sand. Miss it, and you may permanently lose access to income-driven repayment and Public Service Loan Forgiveness.

We’ll cover what’s changing, what’s still unclear, and what actions every parent needs to take now to avoid a costly mistake. This isn’t just a student loan episode—it’s your warning signal.

Get the full breakdown at https://getoutofdebt.org. Damon is available at https://damonday.com.