In this week’s  BA Q&A, Mandi answers a listener question about student loan deferment, Public Service Loan Forgiveness (PSLF), emergency savings, and navigating major life transitions without blowing up your financial stability.

Sydney, a 34-year-old nurse, is three years away from qualifying for Public Service Loan Forgiveness (PSLF). While pursuing her master’s degree, her loans are currently in in-school deferment. She’s also planning to sell her home, purchase a new one closer to work, and manage a $600 monthly car payment.

Her big question:
Should she continue making $500 student loan payments during deferment — or pause and focus on building savings?

 

What You’ll Learn in This Episode:
How Public Service Loan Forgiveness (PSLF) actually works
Whether payments made during in-school deferment count toward PSLF
How to prioritize between student loans, emergency savings, and a car loan
Why a 3-month emergency fund may not be enough in today’s economy
How to prepare financially for buying and selling a home
What to do if you’re worried about changes to federal student loan forgiveness

Stay Connected  
- Email your questions: brownambitionpodcast@gmail.com.
- Send a voice note or DM on IG: @brownambitionpodcast 

In this week&rsquo;s &nbsp;BA Q&amp;A, <a href="https://www.instagram.com/mandimoney/?hl=en">Mandi </a>answers a listener question about student loan deferment, Public Service Loan Forgiveness (PSLF), emergency savings, and navigating major life transitions without blowing up your financial stability.
Sydney, a 34-year-old nurse, is three years away from qualifying for&nbsp;Public Service Loan Forgiveness (PSLF). While pursuing her master&rsquo;s degree, her loans are currently in in-school deferment. She&rsquo;s also planning to sell her home, purchase a new one closer to work, and manage a $600 monthly car payment.
Her big question: Should she continue making $500 student loan payments during deferment &mdash; or pause and focus on building savings?
&nbsp;
What You&rsquo;ll Learn in This Episode:
<ul>
<li>How Public Service Loan Forgiveness (PSLF) actually works</li>
<li>Whether payments made during in-school deferment count toward PSLF</li>
<li>How to prioritize between student loans, emergency savings, and a car loan</li>
<li>Why a 3-month emergency fund may not be enough in today&rsquo;s economy</li>
<li>How to prepare financially for buying and selling a home</li>
<li>What to do if you&rsquo;re worried about changes to federal student loan forgiveness</li>
</ul>
Stay Connected &nbsp; - Email your questions: brownambitionpodcast@gmail.com. - Send a voice note or DM on IG: <a href="https://www.instagram.com/brownambitionpodcast">@brownambitionpodcast&nbsp;</a>

The Brown Ambition Podcast helps you unapologetically build wealth by saving, investing and making smart career choices — on your own d@mn terms! New episodes Wednesdays and Fridays.

Money and career advice for women of color, by women of color

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BA Q&A: Should I Pause Student Loan Payments During Grad School? 

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/6ebbca46-5454-4370-b0f6-b3f501868c3e/transcript