This week, we're digging into one of the most pressing financial crises of our time: student loans. After a five-year pause, the Trump administration has officially restarted collections on defaulted federal student loans, and millions of borrowers could soon face wage garnishment, reduced Social Security benefits, and even hits to their credit scores.

Joining us is Jillian Berman, author of the groundbreaking new book, Sunk Cost: Who’s to Blame for the Nation’s Broken Student Loan System and How to Fix It. Jillian takes us behind the headlines, breaks down who is most at risk, and how to get your payments back on track if you’re in default. 

Resources & Links:


  
🚀 ⁠FinanceFixx⁠ – Our 4 or 8-week coaching program to get your finances on track! 



  
📈 ⁠InvestingFixx⁠ – A club for women ready to grow their wealth. Your first month is completely free.



  
StudentAid.gov – Check your loan status, repayment options, and servicer info.



  
Sunk Cost by Jillian Berman



  
More from Jillian Berman on MarketWatch




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HerMoney with Jean Chatzky

Jean Chatzky Her Money

Ep 475: Worried About Your Student Loans? The Steps To Take NOW

MAY 14, 202531 MIN
HerMoney with Jean Chatzky

Ep 475: Worried About Your Student Loans? The Steps To Take NOW

MAY 14, 202531 MIN

Description

This week, we're digging into one of the most pressing financial crises of our time: student loans. After a five-year pause, the Trump administration has officially restarted collections on defaulted federal student loans, and millions of borrowers could soon face wage garnishment, reduced Social Security benefits, and even hits to their credit scores.

Joining us is Jillian Berman, author of the groundbreaking new book, Sunk Cost: Who’s to Blame for the Nation’s Broken Student Loan System and How to Fix It. Jillian takes us behind the headlines, breaks down who is most at risk, and how to get your payments back on track if you’re in default. 

Resources & Links:

Have a question for us? Write to us (or send us a voice note!) at ⁠[email protected]⁠. While you’re at it, join the HerMoney community! For the latest episode drops and financial news-you-can-use, subscribe to our newsletter at⁠ ⁠⁠Hermoney.com/subscribe⁠!

Learn more about your ad choices. Visit megaphone.fm/adchoices