Cheryl Winokur-Munk

speaker
1,406 appearances 26 recordings 2 series first heard Apr 2019 last heard Jun 2025

Cheryl Winokur-Munk’s voice in public audio — every appearance, attributed to the second.

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And then you can compare it and you can see what your financial outcome may be. voice-verified
You absolutely need to think about it in advance because many majors today do require grad school, and the average student loan debt for a graduate degree was $71,000, and that was in 2015-2016. voice-verified
So you really do need to plan ahead for what could be a long haul. voice-verified
So if you're in applicable public service jobs and you work in that job for 10 years and you make 10 years of qualifying payments, it's 120, but it really, you know, assuming you're doing it all along, it's really 10 years of qualifying payments for an approved public service job. voice-verified
There's a lot of contingencies, but assuming that you meet all those requirements, then you would have your federal debt forgiven, right? voice-verified
So most people at 17 don't know what they want to do for the rest of their life. voice-verified
So to say that you're going to be working for a public service job for at least 10 years after graduating, it may be a bit of a stretch for some people. voice-verified
Now, maybe some people are so, you know, they're so sure of what they want to do with their life. voice-verified
And this is what they're going to do. voice-verified
And they really expect to be in public service for the next 10 years. voice-verified
And if that's the case, well, okay, maybe that, you know, the debt conversation becomes a different one. voice-verified
If you're not 100% sure, you really shouldn't count on it because the problem is you're still on the hook for that debt. voice-verified
Thanks for having me. voice-verified
If you haven't been paying all these months, you may actually not really know what you owe anymore. voice-verified
So the first thing you're really going to want to do is know what your payments are. voice-verified
So we haven't heard anything definitive yet, but just recently, the Secretary of Education suggested that there are continuing conversations about possibly extending the pause. voice-verified
So we're really not sure where this is going to go, but stay tuned. voice-verified
Well, if you haven't been paying all these months, you may actually not really know what you owe anymore. voice-verified
So the first thing you're really going to want to do is know what your payments are. voice-verified
You can easily find that by logging in to the federal student aid website at studentaid.gov if you have federal loans. voice-verified
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