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.

Trend

recordings per month · last 12 months
No recordings in the last 12 months.Older appearances are listed below; set an alert to hear about the next one.

Appearances

newest first · ▶ plays the moment
WSJ Your Money Briefing · Overlooked Student-Loan Repayment and Forgiveness Programs · 4 Mar 2021 podcast
So that can be a pretty steep tax bill depending on how much balance is left. voice-verified
And this can be a little confusing for borrowers because you might not have to make monthly payments at all if your income is low enough. voice-verified
And so the idea is that if you're not making, your balance is still growing. voice-verified
So at the end, you could have a significant loan balance still if you haven't been making, if based on your income, your monthly payments haven't been all that high. voice-verified
And because interest is still accruing, you could end up with a pretty steep balance at the end. voice-verified
And then you'd have to pay tax on that. voice-verified
That's the downside. voice-verified
But for some people, there really is no option because they can't afford anything more than their monthly payment. voice-verified
So that's what they have to do. voice-verified
Not if you're going for a pure income-driven repayment forgiveness, but if you're seeking forgiveness under the public service loan forgiveness program, then you wouldn't owe taxes on the forgiven amount. voice-verified
So public service loan forgiveness could be an option for people who work in public service, so for the government, for example. voice-verified
You have to make 10 years of qualifying payments for a qualifying employer, and there are other specifics of the program, but that forgiveness can be attained after 10 years, and you wouldn't owe taxes on the forgiven amount. voice-verified
But again, it's only for people who are eligible for that program. voice-verified
It's a significant number of people, but the idea of just going for income-driven repayment forgiveness, not under a public service loan forgiveness plan, is that it's available to people of all professions. voice-verified
It's just a longer period of time that you would have to wait for forgiveness. voice-verified
Absolutely. voice-verified
It's probably not worth it, in fact, to pay aggressively down your debt now. voice-verified
No interest and the payments are frozen. voice-verified
You may as well take that money and put it into a high-yield savings account and let that grow, and then you can have it grow basically for when you're going to need it again. voice-verified
Yes, the federal government offers what's called a loan simulator, and it's available at studentaid.gov. voice-verified
Showing 1021–1040 of 1,406 · page 52 of 71 ← Previous Next →