Sean Pyles

Yeah, it sounds quite scary and maybe dangerous for your finances.

So we will definitely have you want to talk about that sometime soon.

I mean, depending on the profession that you're pursuing, I imagine that these caps wouldn't cover what you might need to take out.

A cynical person might posit that these borrowing caps are just potentially designed to push people into private loans, which could be more expensive and make people in the banking world a lot of money at the expense of borrowers.

I am so jealous that was less than half of a year for me.

Yeah.

Yikes.

Well, moving on.

The one big, beautiful bill act didn't directly impact PSLF.

But that said, the Trump administration has taken steps to tighten the program's eligibility.

And many with the opportunity to take advantage of this program probably feel anxious about whether this

loan forgiveness program is actually going to pan out for them.

It seems like our listener is in that camp too.

So I feel for you, Sydney.

So Kate, can you outline these recent changes and maybe what's the best course of action for those who are hoping to have their loans forgiven, but are just really anxious that this program might cease to exist?

right this is a classic financial priorities question and we get these all the time in different facets but i always find them so interesting because the question is really whether to keep paying off these loans to achieve pslf as soon as possible and i understand sydney's urgency behind that because i would feel pretty anxious if i was in their position

Or do they want to take advantage of the opportunity to stop making payments while in grad school and direct that $500 a month elsewhere, which is not an insignificant amount of money, especially since Sydney's car payment is $600.

That's a lot to put toward a car every single month.

and you know ultimately this comes down to a question of priorities which is really really personal what does sydney value in how they're managing their finances so they could consider whether they have any other pressing areas of their personal or financial life that they want to put money toward instead as well like for example we don't know what sydney's retirement situation is like they said that they're 34 years old how much do they have say for retirement so that they can actually fund life after their working years

Something else that comes to mind is that Sydney said that they have just under three months of emergency fund savings.