Aug 05, 2022

NGPF Podcast: Nika Booth on navigating the Public Service Loan Forgiveness program

Nika Booth is passionate about helping student loan borrowers. So passionate that she started Debt Free Gonna Be to share her student loan journey and find ways to help others manage their debt. In this podcast, Nika shares details about the Public Student Loan Forgiveness waiver which has created a temporary opportunity for student loan borrowers. Enjoy! 


  • 0:00~1:40 Introduction.
  • 1:40~6:03 Source of passion for educating people about student loans
  • 6:03~9:24 The generational trap of student loans
  • 9:24~13:41 How the Public Service Loan Forgiveness program works
  • 13:41~21:53 Recent changes to the PSLF 
  • 21:53~23:33 The struggles of paying back student loans
  • 23:33~24:52 The PSLF waiver
  • 24:52~25:11 A word from NGPF 
  • 25:11~32:23 Using StudentAid.Gov 
  • 32:23~34:59 Processing delays 
  • 34:59~37:43 Teacher loan forgiveness
  • 37:43~44:36 Dealing with negativity on social media
  • 44:36~46:46 Consolidating loans to qualify for PSLF
  • 46:46~47:20 Conclusion



  • “[Student] debt has spiraled out of control, and so I'm all about holding the people accountable who contributed to this problem and that's it.”

About the Author

Tim Ranzetta

Tim's saving habits started at seven when a neighbor with a broken hip gave him a dog walking job. Her recovery, which took almost a year, resulted in Tim getting to know the bank tellers quite well (and accumulating a savings account balance of over $300!). His recent entrepreneurial adventures have included driving a shredding truck, analyzing executive compensation packages for Fortune 500 companies and helping families make better college financing decisions. After volunteering in 2010 to create and teach a personal finance program at Eastside College Prep in East Palo Alto, Tim saw firsthand the impact of an engaging and activity-based curriculum, which inspired him to start a new non-profit, Next Gen Personal Finance.

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