{"version":"1.0","type":"rich","provider_name":"Acast","provider_url":"https://acast.com","height":250,"width":700,"html":"<iframe src=\"https://embed.acast.com/$/664a2f6f2b7315001245d439/6a4d04bb4b1ada48f07a0812?\" frameBorder=\"0\" width=\"700\" height=\"250\"></iframe>","title":"Student Loans:3 Reasons I DIDN'T enroll in ‘Repayment Assistance Plan’ aka RAP","description":"<p><strong>#48: The new student loan repayment plan is OUT! But, it may not be all its cracked up to be. </strong></p><p><strong>In this episode I break down why the Repayment Assistance Plan was NOT for me. </strong></p><p><br></p><p>DISCLAIMER: I am not a student loan expert and this is not advice. 'RAP' can be a solid plan for some people, but it was not for me. Always do your due diligence when making personal financial decisions.</p><p><br></p><p><strong>In this episode I discuss:</strong></p><ol><li><strong>Student Loan Updates</strong></li><li>3 Reasons I did not enroll in 'RAP'</li><li><strong>Things for you to consider in order to make a decision that serves your life holistically. </strong></li></ol><p>Feeling overwhelmed or want clarification on something I shared? Send me a DM on <a href=\"https://www.instagram.com/moneyformujeres/\" rel=\"noopener noreferrer\" target=\"_blank\">Instagram</a>!</p><p>Mariel Amador</p><p><br></p><p><strong>⭐️⭐️RELATED PODCAST EPISODES⭐️⭐️</strong></p><p><strong>💸</strong><a href=\"https://podcasts.apple.com/us/podcast/repayment-assistance-plan/id1446453497?i=1000772931058\" rel=\"noopener noreferrer\" target=\"_blank\"><strong>Repayment Assistance Plan</strong></a><strong> by Student Loan Planner</strong></p><p><strong>💸</strong><a href=\"https://podcasts.apple.com/us/podcast/student-loans-post-july-1/id1446453497?i=1000775208674\" rel=\"noopener noreferrer\" target=\"_blank\"><strong>Student Loans Post - July 1</strong></a><strong> by Student Loan Planner </strong></p><p><strong>💸</strong><a href=\"https://podcasts.apple.com/us/podcast/pinche-student-loans-idk-what-to-do-about-my-65k-student/id1748458950?i=1000761288754\" rel=\"noopener noreferrer\" target=\"_blank\"><strong>Pinche student loans: IDK what to do about my student loan debt</strong></a></p><p><br></p><p><strong>⭐️⭐️RESOURCES⭐️⭐️</strong></p><p><strong>💸Compare options: </strong><a href=\"https://studentaid.gov/repayment-calculator/\" rel=\"noopener noreferrer\" target=\"_blank\"><strong>Student Aid repayment calculator</strong></a></p><p><strong>💸Learn about recent changes: </strong><a href=\"https://studentaid.gov/announcements-events/big-updates/definitions?utm_source=mcp&amp;utm_medium=email&amp;utm_campaign=camp_1906#rap\" rel=\"noopener noreferrer\" target=\"_blank\"><strong>Student Aid Big Updates Webpage</strong></a></p><p><strong>💸</strong><a href=\"https://www.studentloanplanner.com/author/taylor-gilbert/\" rel=\"noopener noreferrer\" target=\"_blank\"><strong>Student Loan Planner:Book A Call</strong></a><strong> with my friend Taylor of @socialworktowealth</strong></p><p><strong>💸</strong><a href=\"https://debtfreegonnabe.thrivecart.com/slconsultation/\" rel=\"noopener noreferrer\" target=\"_blank\"><strong>Debt Free Gonna Be: Book A Call</strong></a><strong> with Nika Booth</strong></p><p><br></p><p><strong>⭐️⭐️Podcast Episodes Mentioned in the show⭐️⭐️</strong></p><p><strong>💸</strong><a href=\"https://podcasts.apple.com/us/podcast/if-youre-a-latina-its-time-to-invest-no-more/id1748458950?i=1000682348993\" rel=\"noopener noreferrer\" target=\"_blank\"><strong>If You’re a Latina, It’s Time To Invest. No More Excuses. 3 Reasons To Invest Now</strong></a></p><p><strong>💸</strong><a href=\"https://podcasts.apple.com/us/podcast/my-underearning-journey-10-years-later-i-finally-stopped/id1748458950?i=1000729471457\" rel=\"noopener noreferrer\" target=\"_blank\"><strong>Underearning Journey: 10 Years Later, I Finally Stopped Underearning</strong></a><strong> </strong></p><p><br></p><p><strong>ACRONYMS used in this Episode: </strong></p><p><strong>AGI: Adjusted Gross Income </strong></p><p><strong>IDR: Income Driven Repayment </strong></p><p>SAVE: Biden-era Saving on a Valuable Education student loan repayment plan (no longer exists)</p><p>RAP: Repayment Assistance Plan <strong>(one of the available income driven repayment plans) </strong></p><p><strong>IBR: Income Based Repayment (one of the available income driven repayment plans) </strong></p><p><strong>PAYE: (one of the available income driven repayment plans-expires mid 2028) </strong></p><p><strong>ICR: (one of the available income driven repayment plans-expires mid 2028) </strong></p>","author_name":"Mariel Amador"}