I finally finished analyzing our profession-specific salary survey we did a few weeks ago. New Salary Reports We have data for physicians, dentists, vets, PTs, PAs, speech language pathologists, podiatrists, CRNAs, RNs, NPs, pharmacists, psychologists, and chiropractors. Here's the survey download. You're getting this because you're a valued SLP Insiders or SLP Wealth member :) Let me know what you think of it / how we could make it even more interesting next time we do the survey. I've got a...
about 1 month ago • 2 min read
Just in case you don't have it, I wanted to make sure our SLP Insiders like you get a downloadable copy of our latest version of the RAP calculator. You'll be able to see your monthly payments in the "Calculations" tab, and the summary information is on the "main" tab. If you've done a student loan consult before, you'll recognize the overall look of the spreadsheet. The main difference is I added RAP (which is not available until mid 2026 we think), and I uncapped the IBR payments (the new...
about 1 month ago • 3 min read
Dept of Ed announced this week that they will be ending the SAVE forbearance on August 1. That means the 0% interest subsidy ends August 1, and they will expect borrowers to switch to a different repayment plan at that point as well. The press release urges folks on SAVE forbearance to apply for IBR online. That's because other plans besides IBR will be restricted long term for existing borrowers. Here's my take for folks on SAVE Forbearance If you're on SAVE forbearance, then if you qualify...
about 2 months ago • 3 min read
As I write this Thursday morning, the "One Big Beautiful Bill" Act is about to pass the House in basically the same form that it passed the Senate, and it'll probably get signed shortly after. What does this mean for borrowers? Here's a quick summary in case you're as exhausted as I am from all this mess: If you're on Old IBR: you stay on it If you're on New IBR: you stay on it If you're on PAYE: you'll get transitioned out of PAYE onto Old IBR at some point between mid 2026 and 2028 If...
about 2 months ago • 3 min read
The Senate Parliamentarian just made a big ruling a few hours ago that could be very good for many student loan borrowers. Elizabeth MacDonough, the Senate Parliamentarian, gets to advise which provisions of budget reconciliation bills can stay and pass with a simple majority, and which provisions could only be passed if the Senate has 60 votes to do it. From what we can tell so far, she's made 2 key rulings today affecting student loan borrowers: Current borrowers cannot be forced to use the...
2 months ago • 4 min read
You might know that Congress is trying to pass a massive multi trillion dollar bill called the "Big Beautiful Bill Act" (BBBA). The House has already put forward their proposal, and it was really negative for student loan borrowers. I was expecting the Senate version to be significantly more moderate, and then they would hash out their differences in committee. But unfortunately, the Senate version of student loan reform came out this week, and it's even more costly to borrowers than the...
3 months ago • 4 min read
All eyes are still on the Senate for student loan borrowers, and the main development this week is that there's growing challenges brewing against the GOP House bill, particularly among anti-deficit Senators. Sen. Johnson of Wisconsin says he has allies who are ready to hold up the bill to get vastly larger spending cuts as well as more deficit reduction. But other senators are voicing concerns about cuts to Medicaid. With these conflicting concerns, it's clear that the Senate will come out...
3 months ago • 1 min read
The Big Beautiful Bill Act just passed the House by a margin of 1 vote. It still needs to pass the Senate, and members there might demand large changes to a variety of the provisions. If this bill were to pass though, it would be the most wide ranging student loan legislation since the creation of IBR and PSLF in the late 2000s. Here's a quick reminder of all the things it would do: Force existing borrowers to choose between the old IBR plan and the new GOP "RAP" plan Limit borrowing to just...
3 months ago • 2 min read
Hi Reader, I built what I think is the first "RAP" (Repayment Assistance Plan) calculator anywhere in the world. The RAP Plan is the name for the new proposed GOP Income Driven Repayment plan the House is trying to pass. I'm sharing this calculator exclusively to our SLP Insiders members. If the House GOP bill were to pass, in theory, you'd have the choice between this new RAP plan and the "Old IBR" plan. This "RAP Plan" is super far away from being reality. There's like 18 steps that would...
4 months ago • 1 min read