WEBVTT - Study Hall: Student Loan Forgiveness 0:00:00.400 --> 0:00:04.280 You just realized your business needed to hire someone yesterday. 0:00:04.800 --> 0:00:07.160 How can you find amazing candidates fast? 0:00:07.720 --> 0:00:08.080 Easy? 0:00:08.560 --> 0:00:11.920 Just use Indeed. Stop struggling to get your job posts 0:00:11.920 --> 0:00:15.600 seen on other job sites. With Indeed sponsored jobs, your 0:00:15.680 --> 0:00:17.680 post jumps to the top of the page for your 0:00:17.680 --> 0:00:21.040 relevant candidates, so you can reach the people you want faster. 0:00:21.560 --> 0:00:25.320 According to Indeed data, sponsored jobs posted directly on Indeed 0:00:25.520 --> 0:00:29.360 have forty five percent more applications than non sponsored jobs. 0:00:29.640 --> 0:00:32.840 Don't wait any longer. Speed up your hiring right now 0:00:32.880 --> 0:00:35.519 with Indeed, and listeners of this show will get a 0:00:35.600 --> 0:00:38.560 seventy five dollars sponsored job credit to get your jobs 0:00:38.600 --> 0:00:44.440 more visibility at indeed dot com slash pod Katz thirteen. 0:00:45.080 --> 0:00:49.280 Just go to Indeed dot com slash pod Katz thirteen 0:00:49.600 --> 0:00:52.360 right now and support our show by saying you heard 0:00:52.360 --> 0:00:56.200 about Indeed on this podcast. Terms and conditions apply. Hiring 0:00:56.640 --> 0:00:58.040 Indeed is all you need. 0:00:58.640 --> 0:00:59.320 We with muties. 0:00:59.360 --> 0:01:00.160 What up? 0:01:00.200 --> 0:01:04.760 What up? Glorious Wednesday, last day of August. 0:01:04.800 --> 0:01:05.759 Shout out to Detroit. 0:01:06.080 --> 0:01:09.320 We're here. It's like the home team man too. 0:01:13.560 --> 0:01:14.199 What are we doing? 0:01:14.760 --> 0:01:17.760 Beautiful day in the city. 0:01:18.360 --> 0:01:19.480 What are we doing. 0:01:21.040 --> 0:01:22.080 At home teams here? 0:01:26.120 --> 0:01:29.320 Yeah, we put the back call out. 0:01:29.600 --> 0:01:34.080 Shout everybody that was watching that Ransom Jams episode, very informative. 0:01:34.080 --> 0:01:38.480 Shout everybody that tuned into episode two hundred yesterday with 0:01:38.560 --> 0:01:42.360 Jamal King. Another legendary one. Shout out to the city 0:01:42.400 --> 0:01:45.560 of Detroit. We got something special on the way. What 0:01:45.720 --> 0:01:49.040 up though, and shout everybody that tune into the legendary 0:01:49.040 --> 0:01:52.800 market Mondays is Monday, another classic, Love is Love? 0:01:53.800 --> 0:01:56.520 We got a special one today, another one. 0:01:57.040 --> 0:02:01.560 Just keep going. Man twenty four our news channel, we 0:02:01.680 --> 0:02:06.080 just had We just had Matt and Keanu Watson on. 0:02:06.800 --> 0:02:08.920 They just wrapped up about a half an hour ago, 0:02:09.440 --> 0:02:13.679 dope episode of Rants and Gyms covering I think of 0:02:13.720 --> 0:02:19.359 America's new program that's no Money down mortgages. So that's 0:02:19.440 --> 0:02:23.440 big and right back, right back, like we never left. 0:02:23.680 --> 0:02:26.440 Yeah, I'll be interested. How many people things going that 0:02:26.480 --> 0:02:29.800 trend starts? I mean final institutions you think picked that up? 0:02:31.240 --> 0:02:31.600 I don't know. 0:02:32.200 --> 0:02:39.120 It's gonna be interesting to see. Had the home team 0:02:39.160 --> 0:02:41.679 is here, sam My dog, what's going on? I see 0:02:41.720 --> 0:02:44.320 you in here. It's gooody about to start. Shout to 0:02:44.320 --> 0:02:46.520 all my educators out there that have started their new 0:02:46.560 --> 0:02:49.280 week of their first week of school, Shout out to 0:02:49.320 --> 0:02:51.800 all those that will be starting next week. I know 0:02:51.919 --> 0:02:54.080 when we get to that late August feeling, it's that 0:02:54.080 --> 0:02:56.520 that anxiety kicking. It's time to start to show again. 0:02:56.639 --> 0:03:00.720 So happy New Year everyone that's going back back into 0:03:00.720 --> 0:03:03.120 the building and doing the job, the most noble job 0:03:03.160 --> 0:03:04.760 in the world, and that's educating all youth. 0:03:05.000 --> 0:03:07.200 Shout out to all of y'all. Love is love, yeah 0:03:07.240 --> 0:03:07.680 for sure. 0:03:08.160 --> 0:03:10.320 So all right, we're not even gonna waste too much 0:03:10.320 --> 0:03:12.920 time as we wait for Sonya to come in. Well, 0:03:13.440 --> 0:03:16.680 let you know what's going on here. So eyl University 0:03:17.480 --> 0:03:20.200 online platform that we created over two years ago, which 0:03:20.240 --> 0:03:22.639 has grown to be one of the largest communities online 0:03:23.520 --> 0:03:27.240 hands on education. We do weekly classes, we do weekly 0:03:27.440 --> 0:03:30.760 uh investing trading session shout out to Chris. We do 0:03:30.880 --> 0:03:34.720 monthly financial planning calls, we do book club, movie club, 0:03:34.840 --> 0:03:36.840 real estate call to the mt the mortgage car it's 0:03:36.840 --> 0:03:39.600 the whole community that we've been able to assemble. So 0:03:40.760 --> 0:03:43.320 we do with these with these what's called open enrollments. 0:03:43.360 --> 0:03:46.800 So the last Wednesday of the month, we we open 0:03:46.840 --> 0:03:49.080 it up and we put it on YouTube and it's 0:03:49.200 --> 0:03:52.680 just you know, kind of peak into the window of 0:03:52.680 --> 0:03:55.400 what we do on a weekly pretty much a daily 0:03:55.400 --> 0:04:00.280 basis at EYL University. So it's something that you know, 0:04:00.680 --> 0:04:02.960 we try to just, you know, like I said, show 0:04:02.960 --> 0:04:05.240 people exactly what's going on. If you're interested, then you 0:04:05.280 --> 0:04:08.520 can join Voyo University. The biggest everything we do is 0:04:08.520 --> 0:04:15.640 the biggest. So today's topic is something that's extremely timely 0:04:16.640 --> 0:04:21.040 and I'll put a post up last week about Joe 0:04:21.120 --> 0:04:30.360 Biden's student loan forgiveness program plan and it was very 0:04:30.400 --> 0:04:33.160 well received. They got like over five hundred thousand views. 0:04:33.560 --> 0:04:37.800 So what I talked about was his plan to forgive 0:04:38.400 --> 0:04:40.560 ten thousand dollars to do loans if you make under 0:04:40.560 --> 0:04:43.680 one hundred and twenty five thousand dollars and up to 0:04:43.720 --> 0:04:48.279 twenty thousand dollars for Hell grant recipients that fit the 0:04:48.320 --> 0:04:52.080 same income criteria. So being that you know, that's something 0:04:52.120 --> 0:04:55.520 that's fresh out the news and it's time sensitive as well, 0:04:56.880 --> 0:04:59.599 we thought that it would be a good topic to 0:05:00.279 --> 0:05:07.520 cover tonight. So reached out to Sonya who is a 0:05:07.560 --> 0:05:12.080 student loan specialist called student Loan Doctor. She's an ey 0:05:12.160 --> 0:05:15.880 L alumni and she actually just came from investments. She 0:05:15.880 --> 0:05:19.320 did invests. Well, so anybody that was at investments and 0:05:19.360 --> 0:05:22.360 got to see her talk. You know, she gave a 0:05:22.360 --> 0:05:25.160 bunch of information. Actually was able to go up there 0:05:25.200 --> 0:05:28.560 by herself and speak for about forty five minutes. Had 0:05:28.560 --> 0:05:32.960 a presentation how to boofit invest fest also, so anytime 0:05:33.000 --> 0:05:36.479 that we get a chance to connect with Sonya is good. So, yeah, 0:05:36.520 --> 0:05:38.880 this is going to be one of those very very 0:05:38.920 --> 0:05:44.359 informative conversations. I'm sure that she'll provide a you know, 0:05:44.400 --> 0:05:49.000 a ton of information and also at the end we'll 0:05:49.040 --> 0:05:52.320 be answering some questions because I'm pretty sure that a 0:05:52.360 --> 0:05:54.919 lot of people have questions in regards to student loans. 0:05:55.080 --> 0:05:59.320 And if you don't have a question, then you might 0:05:59.320 --> 0:06:02.440 be able to learn from somebody else's question. So there's 0:06:02.480 --> 0:06:06.400 something that you know, definitely definitely looking forward to. 0:06:06.760 --> 0:06:10.120 Sure, there are forty three million people who have student 0:06:10.200 --> 0:06:12.720 loan debt, and I'm talking about all of us because 0:06:12.760 --> 0:06:15.280 I am one of the us. I have STD loan debt, 0:06:15.360 --> 0:06:18.000 So even I have questions, right because things change, and 0:06:18.080 --> 0:06:21.719 every time change happens, there needs to be new explanations. 0:06:21.760 --> 0:06:24.359 So I got some questions. Hopefully we can get some answers. 0:06:24.880 --> 0:06:26.680 I've read a lot about it, just because I'm interested 0:06:26.680 --> 0:06:28.239 I'm actually going through the process myself. 0:06:28.600 --> 0:06:30.000 If you listen to an episode. 0:06:29.680 --> 0:06:31.960 Which probably like over a year ago, I had applied 0:06:32.600 --> 0:06:37.159 for loan forgiveness just being in public service, working for 0:06:37.240 --> 0:06:41.359 thirteen years, ten of them being in Inner City. You know, 0:06:41.440 --> 0:06:44.080 you qualify for long forgiveness after I think one hundred 0:06:44.080 --> 0:06:46.560 and twenty payments, so I had met the criteria. I 0:06:46.600 --> 0:06:49.000 felt like Isaiah Thomas though with the Jordan thing. I 0:06:49.000 --> 0:06:51.520 don't know what I met the criteria to be accepted, 0:06:51.520 --> 0:06:54.080 but I was not accepted. And now that there's new changes, 0:06:54.320 --> 0:06:56.560 I get to apply again. So hopefully I'll fit the 0:06:56.560 --> 0:07:00.640 criteria and have complete loan forgiven. It's not just ten thousand, 0:07:01.120 --> 0:07:03.000 which I don't think i'll I don't think I'll qualified 0:07:03.000 --> 0:07:06.760 for anymore unfortunately. But yeah, man, so it's gonna be 0:07:06.760 --> 0:07:08.080 interesting tonight. I'm looking forward to it. 0:07:08.400 --> 0:07:11.520 So all right, so we'll we'll get this started in 0:07:11.600 --> 0:07:14.800 one minute. But before I just wanted to make an announcement. 0:07:15.120 --> 0:07:19.000 I think Sonya is there. So we are having something 0:07:19.040 --> 0:07:22.280 really really big in New York City next week that 0:07:22.320 --> 0:07:25.800 we're very very excited about. For the first time ever. 0:07:27.200 --> 0:07:29.840 You know, they let they let the financial guys in 0:07:29.840 --> 0:07:33.080 the fashion world. So you know, we are. We've been 0:07:33.080 --> 0:07:35.080 big on fashion for a long time. We always you know, 0:07:35.120 --> 0:07:37.320 we talk about fashion a lot. So we're doing a 0:07:37.360 --> 0:07:42.440 show at New York Fashion Week. Yeah, Monumental. Shout out 0:07:42.440 --> 0:07:44.360 to Ally for sponsoring that, and shout out to the 0:07:44.400 --> 0:07:46.800 United Masters for partnering with us on that. So yeah, 0:07:46.840 --> 0:07:50.120 the first ever, you know, we're bringing financial literacy to 0:07:50.200 --> 0:07:52.880 the world of fashion. It's a surprise as far as 0:07:52.920 --> 0:07:54.960 like what's going to happen in the show because we 0:07:55.000 --> 0:07:57.200 want to keep everything kind of secret and in the moment. 0:07:57.560 --> 0:08:01.880 But it's gonna be super dope for sure. And uh yeah, 0:08:01.920 --> 0:08:04.520 you can RVP if you want to attend. Space is 0:08:04.520 --> 0:08:09.040 extremely limited, but again, yeah, for sure, try to get 0:08:09.040 --> 0:08:15.600 there early advised. Hey what's going on? So, Hey, guys, 0:08:16.080 --> 0:08:19.840 how I was just making an announcement. We're having a 0:08:19.880 --> 0:08:21.480 show at New York Fashion Week, so you know, I'm 0:08:21.520 --> 0:08:23.520 kind of excited about that. But the last thing I'll 0:08:23.520 --> 0:08:25.960 say before I hand over the baton is for that 0:08:26.000 --> 0:08:28.480 New York Fashion Week. Another thing that we just announced 0:08:28.560 --> 0:08:31.200 just now is that we're going to have something exclusive 0:08:31.360 --> 0:08:35.559 for EYL University members on Thursday. On Thursday, we're having 0:08:35.640 --> 0:08:38.520 all day education workshop where we're bringing some of the 0:08:38.559 --> 0:08:42.120 top minds in fashion world to come talk about their 0:08:42.120 --> 0:08:45.079 career journey to educate people on the world to fashion 0:08:45.120 --> 0:08:47.760 about career opportunities in fashion. So that's gonna be So 0:08:47.800 --> 0:08:49.680 Friday is gonna be the show, but Thursday is gonna 0:08:49.720 --> 0:08:55.200 be the all day education and that the Thursday part 0:08:55.240 --> 0:08:57.880 is only gonna be for Eyo University people. So I'll 0:08:57.880 --> 0:08:59.600 put that link. Maybe we can put that link in 0:08:59.600 --> 0:09:01.640 the zoom and then we'll also put that link in 0:09:01.640 --> 0:09:04.000 the Facebook group if you want to if you want 0:09:04.040 --> 0:09:05.559 to attend that. But if you do want to attend 0:09:05.600 --> 0:09:07.920 that Eyo University, make sure you sign up early because 0:09:08.120 --> 0:09:10.560 it's on a first come, first serve basis as far 0:09:10.600 --> 0:09:12.360 as as concerned. But that's gonna be a really really 0:09:12.360 --> 0:09:17.280 dope education into the world of fashion if you're interested 0:09:17.360 --> 0:09:19.760 in business and fashion and different things of that nature. 0:09:19.880 --> 0:09:23.600 So all right, so let's get into this, Sonya without 0:09:23.640 --> 0:09:25.400 further Ado. I want to I want to handle baton 0:09:25.559 --> 0:09:29.160 over to you and let you do your thing. 0:09:30.000 --> 0:09:31.920 I'm excited to be here. I had to tell the 0:09:32.000 --> 0:09:35.200 captain to pull me up right to the gate and 0:09:36.200 --> 0:09:39.520 a sweet for you guys, So listen, these announcements that 0:09:39.520 --> 0:09:41.079 we're about to share today, and thank you so much 0:09:41.080 --> 0:09:44.200 for having me on here, are so major, and I 0:09:44.240 --> 0:09:45.959 want to make sure that we take our time and 0:09:46.040 --> 0:09:49.199 walk through the information. I do want to start with 0:09:49.280 --> 0:09:53.360 what's happening per bidens updates. More information just came out today, 0:09:53.400 --> 0:09:56.440 so I'm really really excited to share that, and guys, 0:09:56.480 --> 0:09:58.920 my biggest concern is that we're putting out all this 0:09:59.040 --> 0:10:02.959 quality information, but people still may miss the application that's 0:10:03.000 --> 0:10:06.040 attached to it, if that makes sense. So we really 0:10:06.040 --> 0:10:08.360 really want to get into that conversation and hopefully have 0:10:08.400 --> 0:10:11.360 a really great Q and A tonight as well. So 0:10:11.440 --> 0:10:14.120 first thing first, if anybody's taking notes, I'm going to 0:10:14.160 --> 0:10:15.920 just break some things down and then we'll get into it. 0:10:16.480 --> 0:10:20.280 The application for the ten or twenty one thousand dollars 0:10:20.280 --> 0:10:22.480 that Biden is given out is going to be released 0:10:22.480 --> 0:10:25.240 in about four weeks, so it's really really important to 0:10:25.280 --> 0:10:26.679 note in about four weeks we're going to see it 0:10:26.760 --> 0:10:29.320 be released. I'm going to talk about some barriers to 0:10:29.360 --> 0:10:32.040 receiving that money in just a second, but it is 0:10:32.040 --> 0:10:34.199 going to be via an application, so I don't want 0:10:34.200 --> 0:10:37.800 people to think that ten twenty thousand is magically going 0:10:37.840 --> 0:10:40.280 to appear in their account. It's just not there has 0:10:40.320 --> 0:10:43.600 to be an application completed. The quickest way a cheat 0:10:43.640 --> 0:10:46.000 sheet if you will, to knowing how much money you're 0:10:46.000 --> 0:10:48.680 going to get, is if you log into student aid 0:10:48.960 --> 0:10:51.680 doc Gov. So student aid doc Gov. Log in and 0:10:51.720 --> 0:10:54.120 you're going to click your dashboard. Well, guys, when they 0:10:54.200 --> 0:10:56.560 log in, they're going to see two circles or one. 0:10:56.960 --> 0:10:59.720 If you see a blue circle, that represents your student loans. 0:11:00.080 --> 0:11:03.160 A green circle represents the pel grant. Now, not a 0:11:03.200 --> 0:11:05.880 lot of us remember if we receive pel grant in college, Like, 0:11:05.920 --> 0:11:08.320 do you guys remember that? Like you might have, might not, 0:11:08.520 --> 0:11:10.559 but you know how old you are. I know, we 0:11:10.600 --> 0:11:14.760 don't look at them, you know. I'm like, so we 0:11:14.800 --> 0:11:18.280 have these conversations like no, So that's number one. So 0:11:18.400 --> 0:11:20.800 log in and see if you see two circles, and 0:11:20.880 --> 0:11:22.880 it just goes like this. If you see a green circle, 0:11:23.080 --> 0:11:25.040 If you see two circles, you see a green circle, 0:11:25.320 --> 0:11:27.679 you're most likely going to be eligible for the twenty K. 0:11:28.160 --> 0:11:30.440 If you log in you only see a blue circle, 0:11:30.520 --> 0:11:33.240 meaning you did not receive a pel grant, then you're 0:11:33.280 --> 0:11:37.040 going to only be eligible for ten k, just as 0:11:37.040 --> 0:11:39.360 simple as we could do it. So two circles twenty k, 0:11:39.920 --> 0:11:42.480 one circle ten K, and don't worry about what's in 0:11:42.520 --> 0:11:45.600 the circles. Okay. Now, the next thing is, these are 0:11:45.600 --> 0:11:48.920 the important numbers. You have to have earned less than 0:11:48.960 --> 0:11:52.640 one hundred and twenty five thousand for twenty and twenty 0:11:52.960 --> 0:11:54.760 or twenty and twenty one. So they go to look 0:11:54.800 --> 0:11:57.960 at your adjusted ghost income for twenty and twenty twenty 0:11:58.080 --> 0:12:01.040 twenty one, and the number is one hundred twenty five thousand. 0:12:01.520 --> 0:12:05.360 If you are married fouled jointly, the number goes up 0:12:05.400 --> 0:12:07.880 to two hundred and fifty thousand. So it's just as 0:12:07.880 --> 0:12:10.680 simple as that. Going by some people didn't file twenty 0:12:10.760 --> 0:12:12.840 and twenty one taxes, right, so they're going by your 0:12:12.840 --> 0:12:15.400 twenty twenty Somebody said, what if I didn't file those? 0:12:15.559 --> 0:12:18.400 You need to go follow them and you have just 0:12:18.520 --> 0:12:20.480 a simple say and then write this down. Guys, you 0:12:20.480 --> 0:12:24.240 have up to a year to receive this, uh this money. Now, 0:12:24.280 --> 0:12:25.959 I'm gonna be honest with you, Troy, and shot it. 0:12:26.000 --> 0:12:28.520 I wouldn't wait a year, okay, because we know that 0:12:28.720 --> 0:12:32.000 government programs change every day, so you should not wait 0:12:32.000 --> 0:12:34.640 a year. You have up to a year. The next 0:12:34.640 --> 0:12:37.960 thing is you're probably thinking, well, how do I know, 0:12:39.280 --> 0:12:41.760 you know, if I'm going to receive this money, if I, 0:12:42.200 --> 0:12:45.040 you know, have a circle and I made less than 0:12:45.080 --> 0:12:48.640 one twenty five, here's the here's the last caveat. Now 0:12:48.679 --> 0:12:50.360 this part's a little bit more trigger So I'm gonna 0:12:50.360 --> 0:12:52.760 try to explain it through. You're going to have to 0:12:52.800 --> 0:12:56.760 figure out if you have direct loans or FFEL loans. 0:12:57.160 --> 0:13:01.719 So the Family Federal Education Loan Program is not sponsored 0:13:01.760 --> 0:13:04.920 through the government. The government makes no money for everyone 0:13:04.960 --> 0:13:07.760 that has an f f EL loan. About eight million 0:13:07.760 --> 0:13:11.560 Americans have f FL loans, So about eight million people. 0:13:11.960 --> 0:13:15.560 If they don't consolidate a SAP, they will not get 0:13:15.559 --> 0:13:18.000 this money or they're not going to get as much money. 0:13:18.360 --> 0:13:21.440 If they only have ff EL loans, and if they 0:13:21.440 --> 0:13:23.720 have a mixture, they would get the money that applied 0:13:23.720 --> 0:13:25.960 to their direct loans. But if you only have f 0:13:25.960 --> 0:13:28.080 f EL loans, you will get no money. I know 0:13:28.120 --> 0:13:29.920 that sounds really tricky, so let me say it again. 0:13:30.240 --> 0:13:32.960 You must have direct loans for the money to be 0:13:33.000 --> 0:13:35.840 applied towards your loan account, all right, And if we 0:13:35.840 --> 0:13:37.600 were like in a super live session, I would say 0:13:37.720 --> 0:13:41.920 type got it if you got it. So that here's 0:13:41.960 --> 0:13:43.920 the tricky part, guys, we don't know how they're going 0:13:43.960 --> 0:13:47.040 to give out this application link. My assumption is through 0:13:47.080 --> 0:13:50.000 studentaid dot gov, but that website shuts down if you 0:13:50.040 --> 0:13:52.040 look at it too hard. So I don't know how 0:13:52.120 --> 0:13:55.120 this application is going to be disseminated once it does. 0:13:55.240 --> 0:13:57.200 I know that we're committed to helping people at no 0:13:57.320 --> 0:13:59.920 charge get it done. Be careful. A lot of skin 0:14:00.240 --> 0:14:03.199 are starting right now, so I'm literally receiving screenshots in 0:14:03.280 --> 0:14:05.800 my DM every day, Like this company said they can 0:14:05.840 --> 0:14:08.560 help me do the twenty K application for only five hundred. 0:14:08.840 --> 0:14:12.080 Don't pay that, so just be careful that you're going 0:14:12.120 --> 0:14:14.680 to be get some phone calls, some texts. You don't 0:14:14.720 --> 0:14:16.880 have to pay that, guys to get some help, but 0:14:16.960 --> 0:14:19.600 you do want to help others that may not have 0:14:19.760 --> 0:14:22.440 access to the internet, the computer, or just be not 0:14:22.520 --> 0:14:24.640 tech savvy, because that is going to be the barrier 0:14:24.720 --> 0:14:27.480 to receive the money. So that's the gist of what's 0:14:27.520 --> 0:14:29.960 coming down the pipeline for that. I can go into 0:14:30.000 --> 0:14:31.920 other updates, but I just wanted to pause there first. 0:14:32.960 --> 0:14:35.160 Yeah, just some people that don't like if they don't 0:14:35.160 --> 0:14:38.400 remember if they have a pel grant. So sixty percent 0:14:38.720 --> 0:14:42.760 of student loan borrows are pelgrant recipients, so that could 0:14:42.800 --> 0:14:45.880 be you. And predominantly most of the people who have 0:14:45.920 --> 0:14:50.080 them are people of color. And it is incomeveysed, so 0:14:50.440 --> 0:14:52.240 I think it's like, if you made under thirty five 0:14:52.280 --> 0:14:55.520 thousand or maybe now it's fifty thousand as a household, 0:14:55.720 --> 0:14:58.280 that you probably qualified for it. So if you're in 0:14:58.320 --> 0:15:00.000 that when you went to school, if those were the 0:15:00.040 --> 0:15:02.520 conditions that you probably qualify for a pelt band, you 0:15:02.520 --> 0:15:03.840 probably got it right. 0:15:04.560 --> 0:15:07.560 Yeah, So let's get into other updates before I forgot 0:15:07.600 --> 0:15:09.920 to actually pin this link to Eyo University, so I'm 0:15:09.960 --> 0:15:12.680 just do that real quick. So Eyo University once again 0:15:12.720 --> 0:15:14.680 for anybody that just joined. This is something that we 0:15:14.720 --> 0:15:17.280 do every single week, but we do it once a 0:15:17.320 --> 0:15:19.560 month on YouTube. It's kind of like an opening roament, 0:15:19.640 --> 0:15:22.040 what we call, and it's an open window into what 0:15:22.080 --> 0:15:24.840 we have going on, which is a curriculum made up 0:15:24.880 --> 0:15:27.720 of real estate stocks. Every single week, we do a 0:15:27.760 --> 0:15:30.520 trading room with Chris, we do financial planning, we do 0:15:30.560 --> 0:15:32.080 real estate, we do all kinds of stuff like that. 0:15:32.120 --> 0:15:35.640 So long story, short we're doing a sale a flash 0:15:35.800 --> 0:15:37.280 that we haven't done this in a few months, but 0:15:38.160 --> 0:15:40.440 coming off of Investfest that's the last time we did 0:15:40.480 --> 0:15:43.240 it was before that in the spring. So forty eight hours. 0:15:43.240 --> 0:15:46.600 We're doing fifty percent off, which is five hundred dollars 0:15:46.680 --> 0:15:49.800 for the entire year fourninety nine and Big Ezach And 0:15:49.840 --> 0:15:53.600 it includes two hundred past videos, it includes everything. It's 0:15:53.640 --> 0:15:55.720 like a thousand hours worth of content. And it actually 0:15:55.720 --> 0:15:58.640 includes the Home Bodies Blueprint one, Volume one and two 0:15:59.240 --> 0:16:01.760 from MG to More. That's thirty two hours of real 0:16:01.880 --> 0:16:04.080 estate content. So it's probably the best deal that you've 0:16:04.080 --> 0:16:06.480 ever received in your life. So, but you have to 0:16:06.600 --> 0:16:10.240 enter cold Student. So go to Eyo University dot com 0:16:10.280 --> 0:16:15.400 intercold Student and you get fifty percent off of your 0:16:15.400 --> 0:16:18.000 annual membership for forty eight hours sale. So all right, 0:16:18.040 --> 0:16:18.880 sonya my bad? 0:16:19.280 --> 0:16:19.520 Yeah? 0:16:19.560 --> 0:16:22.200 Can you can you talk about the other some other updates? 0:16:22.200 --> 0:16:22.800 What's going on? 0:16:23.160 --> 0:16:23.360 Hey? 0:16:23.440 --> 0:16:25.640 Yes? All right, So we got a couple more important dates. 0:16:25.680 --> 0:16:27.720 When I tell you, I feel like every day it's 0:16:27.760 --> 0:16:30.160 a new day to be released. The next important date 0:16:30.240 --> 0:16:33.400 is that the Public Service Loan Forgiveness limit waiver is 0:16:33.440 --> 0:16:36.760 going to be ending on October thirty. First, I'm telling 0:16:36.760 --> 0:16:38.960 you right now, I'm just looking at the Twitter from 0:16:39.000 --> 0:16:41.280 the Department at They're not changing that date. Okay, They've 0:16:41.320 --> 0:16:43.240 been sending it out like every day. And this is 0:16:43.400 --> 0:16:46.560 the biggest loan forgiveness program in the history of student 0:16:46.560 --> 0:16:49.080 alone day. I literally guys wake up every day to 0:16:49.160 --> 0:16:52.520 a DM of somebody saying because they did something or 0:16:52.560 --> 0:16:55.440 they heard something from us, even from your conference, that 0:16:55.560 --> 0:16:59.800 was huge, just massive loan that forgiving at your conference 0:16:59.840 --> 0:17:02.920 got I was just amazed. People were coming up. Literally, 0:17:02.920 --> 0:17:05.760 one lady came up crying two hundred and two thousand forgiven, 0:17:06.160 --> 0:17:07.960 and she said, I heard of you through the YOL 0:17:08.000 --> 0:17:10.080 So I'm just really excited to see what's happening. So 0:17:10.160 --> 0:17:12.560 let's talk about how to make that a reality for someone. 0:17:12.880 --> 0:17:15.359 So I'm going to break this down and hope no 0:17:15.359 --> 0:17:17.919 one gets a little lost. So from two thousand and 0:17:18.000 --> 0:17:21.639 seven to twenty and twenty two, if you ever and 0:17:21.640 --> 0:17:23.800 the key word here with Cheade and Troy is ever, 0:17:24.800 --> 0:17:27.280 even if you didn't leave a good standing, even if 0:17:27.320 --> 0:17:29.760 you never ever paid a student loan payment before, because 0:17:29.760 --> 0:17:31.520 the people, you know, the brain would make you say 0:17:31.600 --> 0:17:35.560 what I didn't. If you ever worked at a qualified employer. 0:17:35.600 --> 0:17:38.000 We'll talk about that in a second. You are eligible 0:17:38.040 --> 0:17:40.959 to get credit for that work time. You didn't have 0:17:41.000 --> 0:17:43.159 to make a payment. You just had to show up 0:17:43.200 --> 0:17:44.800 on work. Okay. If they said you went to work 0:17:44.800 --> 0:17:46.760 and somebody can sign in a test to it, you're 0:17:46.800 --> 0:17:51.120 going to get credit. And so when we think about government, military, education, 0:17:51.640 --> 0:17:54.840 health care that's not for profit, we think about public service, 0:17:55.040 --> 0:18:00.520 law enforcement, nonprofits of course those entities. If you've ever 0:18:00.720 --> 0:18:03.760 I can't stress enough work there, you are eligible. Just 0:18:03.840 --> 0:18:07.160 send the paperwork in. If your employer closed down, maybe 0:18:07.200 --> 0:18:09.560 didn't leave on good terms. There is an option to 0:18:09.600 --> 0:18:12.720 do what's called self certified, so don't worry about that. 0:18:12.800 --> 0:18:16.359 Like literally, there's a box you'll check the mohelia slash 0:18:16.400 --> 0:18:18.480 Department Education will get back to you and say if 0:18:18.480 --> 0:18:20.960 they need anything further from you, but just fill out 0:18:20.960 --> 0:18:24.080 the form. Okay. So that's number one. Number two this 0:18:24.200 --> 0:18:25.879 is really really big. So guys, I don't know if 0:18:25.960 --> 0:18:29.080 y'all know this, but the government recently admitted to messing up. 0:18:29.119 --> 0:18:31.440 Did y'all know about that? The Department of Ed said 0:18:31.920 --> 0:18:35.200 we messed up. They have a whole announcement out online 0:18:35.280 --> 0:18:38.600 and how they messed up is they entrusted lenders to 0:18:38.800 --> 0:18:42.480 keep count of every payment that was made towards PSL 0:18:42.560 --> 0:18:46.479 left or towards an income driven repayment program. So just 0:18:46.520 --> 0:18:50.119 imagine this a breakdown for you guys. So let's say Troy, 0:18:50.359 --> 0:18:52.840 Let's say you ever call and you called your loan 0:18:52.920 --> 0:18:55.000 lender and you was like, you know what, guys, I 0:18:55.000 --> 0:18:57.440 can't make this payment? Can I get an extended forbearance? 0:18:57.680 --> 0:18:58.720 You have a call for forbearance? 0:18:58.720 --> 0:19:01.520 To Troy, Ever, yeah, I have. 0:19:02.240 --> 0:19:04.879 Most people have. And when you called them where you 0:19:04.880 --> 0:19:06.560 would leave that the call was only about two or 0:19:06.560 --> 0:19:07.160 three minutes and. 0:19:07.119 --> 0:19:11.520 They say, yes, I was. It was different times. 0:19:11.119 --> 0:19:14.840 So there's a term for that that's technically illegal. That 0:19:14.960 --> 0:19:17.760 is technically illegal. It's called for bearing steering. So what 0:19:17.800 --> 0:19:20.840 that means is lenders every time you called them, they 0:19:20.840 --> 0:19:22.760 were actually supposed to spend time with you on the 0:19:22.800 --> 0:19:25.280 phone and ask you about your finances, ask you why 0:19:25.320 --> 0:19:28.280 you couldn't make a payment, what's happening here? Right? And 0:19:28.359 --> 0:19:31.439 instead they go okay, sure, And so you're like, WHOA, 0:19:31.680 --> 0:19:34.919 I got off forget So that would be that happened 0:19:34.920 --> 0:19:38.359 for a lot of people for months, years, right. So 0:19:38.440 --> 0:19:41.920 here's what happens. So the government said, because that was illegal, 0:19:41.960 --> 0:19:44.480 they should have done some proper counseling with you. They're 0:19:44.480 --> 0:19:48.160 going to give up to three years of credit towards 0:19:48.359 --> 0:19:51.320 student loan payments. So what does this look like in 0:19:51.359 --> 0:19:54.000 November December, there is an exact date. They just said 0:19:54.040 --> 0:19:56.200 in the late fall of this year. They're going to 0:19:56.280 --> 0:20:00.600 credit anyone's account that was in for bear parents twelve 0:20:00.640 --> 0:20:03.280 months at a time for up to three years. So 0:20:03.760 --> 0:20:05.840 every twelve months it was one year, for up to 0:20:05.880 --> 0:20:09.359 three years, they're going to give a credit towards your account. 0:20:09.440 --> 0:20:11.280 You don't have to apply for it, you don't have 0:20:11.320 --> 0:20:13.720 to do anything. They're just going to do an account adjustment. 0:20:13.960 --> 0:20:16.159 The only caveat again is you have to have a 0:20:16.200 --> 0:20:19.960