Kate Wood

Well, Kate, how are people responding to this?

Like Sydney mentioned, there's a lot of fear.

There's a lot of anxiety about, okay, what does this mean?

Is this going to cease to exist?

And as with so many things with student loans,

It's a wait and see, right?

It's a wait and see, and I'm sorry, that was a big sigh and a wait and see.

That's not what you're hoping to hear.

I will say on the optimistic side, this brought about a really swift reaction.

So when we got that finalized ruling in October,

two major lawsuits were brought right away against the education department.

So one was brought by a group of state attorneys general, and the other one was brought by a group of municipalities, labor unions, nonprofits that all kind of teamed up.

So that one in particular is interesting because cities, like entire cities, are concerned that if they are a place that's been deemed a sanctuary city, then all of their employees, so teachers, police, folks like that, could theoretically lose PSLF eligibility, which would be

you know, really detrimental for a huge number of reasons.

It is super stressful for borrowers, but it is important to remember that nothing is happening yet.

Like these are strong lawsuits that are being brought and at minimum, these could hold up implementations of these changes for months or potentially even years.

If PSLF forgiveness is your goal and you're working toward it, keep working at your job or again, at any job with a qualifying organization.

You can switch jobs.

You don't have to stay at one job for every single one of those 120 payments.

So those payments will still count as long as you're with a qualifying employer.