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  • How Student Loan Forgiveness Is Like a Tax Time Bomb

    How Student Loan Forgiveness Is Like a Tax Time Bomb
    2026/06/07
    Episode 37 of Debt Payoff with Fexingo. Lucas and Luna dig into the single most overlooked detail of Public Service Loan Forgiveness: the taxable discharge. Using the 2024 IRS private-letter ruling on a nurse who owed $47,000 in taxes after forgiveness, they explain how the timing of forgiveness, state tax treatment, and the expiration of the tax-exempt provision in 2025 could leave borrowers with a surprise five-figure bill. They walk through the math, compare it to IDR forgiveness, and offer concrete steps to prepare—including an oft-ignored estimated-tax strategy. No fluff, no scaremongering, just the numbers. #StudentLoanForgiveness #PublicServiceLoanForgiveness #TaxOnForgiveness #IRS #NurseTaxRuling #IDR #TaxPlanning #DebtPayoff #FexingoBusiness #BusinessPodcast #Finance #PersonalFinance #TaxSeason #StudentDebt #LoanForgiveness #TaxTips #WealthBuilding #FinancialLiteracy Keep every episode free: buymeacoffee.com/fexingo
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    9 分
  • How Student Loan Servicers Misapply Your Payments

    How Student Loan Servicers Misapply Your Payments
    2026/06/07
    Lucas and Luna reveal how student loan servicers systematically misapply payments, causing borrowers to accrue unnecessary interest and delay forgiveness. They dive into a 2025 Consumer Financial Protection Bureau report showing that over 1.2 million borrowers were affected by payment allocation errors in 2024 alone. The hosts explain the specific tactics servicers use, like applying payments to fees before interest, and how to protect yourself by submitting written payment instructions. A concrete guide to fighting back against servicer mistakes. #StudentLoans #LoanServicers #CFPB #PaymentMisapplication #BorrowerRights #Finance #DebtPayoff #InterestAccrual #ConsumerProtection #LoanForgiveness #PaymentAllocation #ServicingErrors #FexingoBusiness #BusinessPodcast #LucasAndLuna #FinancialLiteracy #DebtManagement #LoanRepayment Keep every episode free: buymeacoffee.com/fexingo
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    5 分
  • How Student Loan Servicers Misapply Your Payments

    How Student Loan Servicers Misapply Your Payments
    2026/06/06
    Lucas and Luna dive into a hidden but costly student loan servicing issue: payment misapplication. Using a real example from a borrower with multiple loans at different interest rates, they explain how servicers can apply extra payments to the wrong loan, costing borrowers thousands in extra interest. They discuss how to check your loan statements, what to look for in the fine print, and how to request a correction. Specific tips on requesting written confirmation and escalating to the Consumer Financial Protection Bureau. A must-listen for anyone with multiple student loans who wants to avoid overpaying. #StudentLoans #LoanServicing #PaymentMisapplication #DebtPayoff #Finance #PersonalFinance #FexingoBusiness #BusinessPodcast #LucasAndLuna #CFPB #InterestCosts #LoanRepayment #BorrowerRights #ExtraPayments #LoanConsolidation #FinancialLiteracy #DebtStrategy #MoneyTips Keep every episode free: buymeacoffee.com/fexingo
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    6 分
  • How Student Loan Servicers Profit from Your Confusion

    How Student Loan Servicers Profit from Your Confusion
    2026/06/06
    Lucas and Luna expose how student loan servicers make money by steering borrowers into forbearance instead of income-driven repayment, costing thousands in extra interest. They break down the incentive structure behind servicing contracts, the 'steering' problem documented by the Consumer Financial Protection Bureau, and what borrowers can do to protect themselves. Specific examples include how Navient handled payment deferrals and why the Department of Education's 2025 servicing reforms changed the game. A concrete guide to navigating the system without getting overcharged. #StudentLoans #LoanServicing #PersonalFinance #DebtPayoff #CFPB #Navient #IncomeDrivenRepayment #Forbearance #InterestCapitalization #ConsumerProtection #FexingoBusiness #BusinessPodcast #Finance #DebtStrategy #BorrowerRights #StudentDebt #LoanReform #FinancialLiteracy Keep every episode free: buymeacoffee.com/fexingo
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    9 分
  • How Student Loan Auto-Pay Discounts Can Cost You More

    How Student Loan Auto-Pay Discounts Can Cost You More
    2026/06/05
    Many student loan borrowers sign up for auto-pay to get a 0.25% interest rate reduction. But in this episode, Lucas and Luna reveal how that small discount can actually cost you thousands if it causes you to lose track of payments, miss a grace period, or get hit with late fees after a bank account change. They walk through real scenarios where the auto-pay savings backfire, including a case study of a borrower who saved $60 in interest but paid $150 in late fees. They also explain when auto-pay is genuinely worth it and how to set up guardrails to protect yourself. If you have federal or private student loans on auto-pay, this episode will make you double-check your settings. #StudentLoans #AutoPay #LoanRepayment #PersonalFinance #DebtPayoff #InterestRate #FederalStudentLoans #PrivateStudentLoans #LoanServicing #GracePeriod #LateFees #BankAccount #DirectDebit #LoanDiscount #FexingoBusiness #BusinessPodcast #Finance #DebtFree Keep every episode free: buymeacoffee.com/fexingo
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    7 分
  • How Student Loan Interest Rate Programs Work After Graduation

    How Student Loan Interest Rate Programs Work After Graduation
    2026/06/05
    In this episode of Debt Payoff with Fexingo, Lucas and Luna dive into the complex world of student loan interest rate programs after graduation. They break down how rate reduction programs from servicers can automatically lower your interest rate after a certain number of on-time payments, but also expose the fine print that can make those reductions vanish. The conversation centers on a case study of a borrower with $45,000 in federal loans who saw an advertised rate drop of 0.25% after 24 consecutive payments, only to have it reversed due to a single late payment during a pandemic forbearance. Lucas explains the mechanics of automatic debit discounts, the pitfalls of rate reduction programs tied to loan rehabilitation, and how borrowers can navigate these offers to actually save money. Luna brings her own experience with a private consolidation that promised a rate cut after 12 months, revealing how missed fine print can cost hundreds. They also discuss the rare but valuable income-based interest subsidies available through certain hardship programs. The episode ends with a practical checklist for listeners to review their own loan terms and avoid common traps. This is a must-listen for anyone juggling student loan payments and looking for legitimate ways to lower their interest costs without falling for predatory offers. #StudentLoans #InterestRateReduction #LoanServicers #AutomaticDebitDiscount #LoanRehabilitation #IncomeDrivenRepayment #InterestSubsidies #BorrowerTips #DebtPayoff #FexingoBusiness #Finance #PersonalFinance #CreditCards #StudentLoanHacks #RateReductionPrograms #LoanForgiveness #FinancialLiteracy #PodcastEpisode Keep every episode free: buymeacoffee.com/fexingo
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    10 分
  • How Student Loan Payments Reset Your Progress After Graduation

    How Student Loan Payments Reset Your Progress After Graduation
    2026/06/04
    Episode 31 of Debt Payoff with Fexingo tackles a blind spot for many borrowers: how leaving school for a new job, an internship, or even unemployment can reset your student loan payment progress. Lucas explains the concept of 'payment count reset' — the moment when switching repayment plans or having a gap in payments erases years of qualifying payments toward forgiveness. He walks through the recent data showing that tens of thousands of borrowers lost payment credits in 2025 due to servicer errors and plan changes. Luna asks about the impact on Public Service Loan Forgiveness and IDR forgiveness, and they discuss how to check your payment count and avoid the reset trap. This episode gives one concrete step listeners can take today to protect their progress. #StudentLoans #PaymentReset #LoanForgiveness #PSLF #IncomeDrivenRepayment #LoanServicing #BorrowerDefense #DebtPayoff #FexingoBusiness #BusinessPodcast #Finance #PersonalFinance #CreditScore #FinancialPlanning #LoanPayment #ForgivenessProgress #ServicingError #DebtStrategy Keep every episode free: buymeacoffee.com/fexingo
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    6 分
  • How Student Loan Payment Pause Affected Credit Scores

    How Student Loan Payment Pause Affected Credit Scores
    2026/06/04
    In this episode of Debt Payoff with Fexingo, Lucas and Luna explore how the student loan payment pause during the pandemic impacted borrowers' credit scores. They dig into a specific case: a borrower whose credit score dropped 40 points after payments resumed, even though they paid on time. The hosts explain the concept of 'credit mix' and why having an installment loan in repayment matters. They also discuss how loan servicers updated credit bureaus in staggered ways, causing confusion and temporary dips. Listeners learn why on-time payment history isn't the only factor and what steps they can take to protect their scores going forward. A mix of practical advice and credit bureau insight. #StudentLoans #CreditScore #PaymentPause #FICO #CreditMix #LoanServicer #CreditBureau #DebtPayoff #FexingoBusiness #BusinessPodcast #FinancePodcast #PersonalFinance #CreditHistory #InstallmentLoan #PaymentResumption #CreditReport #LucasAndLuna #FinancialWellness Keep every episode free: buymeacoffee.com/fexingo
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    7 分