The Truth About Student Loan Forgiveness w/ Travis Hornsby – EP 50

Student loan forgiveness – we’ve all heard about it, but is it real?! In this episode, we chat with Travis Hornsby from Student Loan Planner about all things student loan forgiveness, plus some tips we are sure you have never heard of before! We shared some laughs and received invaluable tips and knowledge on this very important, and sometimes overwhelming topic! Have a listen!


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Waking up Early: Its the lesser known sponsor to ‘sleeping in’ and usually less preferred – but think of all the frugal things you can accomplish in the early hours of the day! Like meal prepping, making your own coffee at home, or even starting that side hustle you’re always talking about. Waking up early – initially it sucks, but the pay-off is good. Try it tomorrow!

Notable Notes:

We get into the nitty gritty with Travis on all things student loan forgiveness, and some bonus material! Here’s some of the big topics and questions we were able to cover:

  • What do you do at Student Loan Planner and how did you get into this?
  • What are the main types of federal student loan forgiveness and how do they differ?

Highlights: There’s the Public Service Loan Forgiveness (PSLF) program which has lots of rules and directions to follow and requires 120 monthly payments prior to forgiveness. This program is available to roughly 25% of the workforce.

Key Tip on this one: Know what’s in your promisory note!

All other loan forgiveness programs are income driven forgiveness, which requires you have made payments 20-25 years prior AND you get taxed on this

  • What are some first steps people can take in tackling student loans?

-Build up an emergency fund

-Avoid credit card debt at all costs!

-Sign into – consolidate loans and get signed up for ‘revised pay as you earn’

-Consider refinancing; more on that option here

-Lower Housing and Transportation costs – listen to more about this on our previous podcast episodes:

Housing Hacks

Save Money on Car Expenses

  • For those trying for PSLF specifically but any loan forgiveness, what are some things they should be aware of?

Questions from the Community:

  • Brooke asks about working for a contract company at a school full time – would this qualify?
  • Jennifer struggles with working at a PSLF qualified place but knowing she could make more elsewhere. How can she figure out what’s the better route?

More on “How to Flee the Country”…because of student loans

  • What are some of the lesser known forgiveness programs and how can people find out of they qualify for something better than PSLF?


Perkins loan cancellation

State Specific Loan Forgiveness Program Info

BILL OF THE WEEK – Thank you Travis for also sharing your bill with us! Tracking money can be vital to avoid losing money!

Lightning Round

We got to discuss with Travis some alternative options in loan repayment for those not pursuing forgiveness. AND Travis shares a bit on his travels and some of his favorite places he’s been (spoiler: La Viv, and Kiev!)

If you want more from Travis check out his website at:

If you are interested in getting rid of your student loan debt and need help contact to get in touch with one of Student Loan Planner’s CFP’s!

AND here’s a link to work with a team on creating a student loan plan

Frugal Friends Book Club:

It’s April and we’re reading Think and Grow Rich by Napoleon Hill

  • If you want a free copy, leave us a review on iTunes or Stitcher, screenshot the review and send it to
  • We’ll select the winners at the end of the month!

Thanks for listening! See you next week!

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