/** * General Functions * */ defined( 'ABSPATH' ) || exit; // Exit if accessed directly /** * Get the components of theme mobile header */ if( ! function_exists( 'tie_mobile_header_components' ) ) { function tie_mobile_header_components( $area ){ $mobile_header_components = array( 'menu' => tie_mobile_menu_icon(), 'search' => ' '. esc_html__( 'Search for', TIELABS_TEXTDOMAIN ) .' ', 'skin' => ' '. esc_html__( 'Switch skin', TIELABS_TEXTDOMAIN ) .' ', ); // Login and user account if( is_user_logged_in() ){ ob_start(); tie_login_form(); $login_form = ob_get_clean(); $current_user = wp_get_current_user(); $mobile_header_components['login'] = ' '. get_avatar( $current_user->ID, apply_filters( 'TieLabs/Login/avatar_size', 30 ) ) .' '. esc_html__( 'Your Profile', TIELABS_TEXTDOMAIN ) .'
'. $login_form .'
'; } else { $mobile_header_components['login'] = ' '. esc_html__( 'Log In', TIELABS_TEXTDOMAIN ) .' '; } // WooCommerce Cart if ( TIELABS_WOOCOMMERCE_IS_ACTIVE ){ $mobile_header_components['cart'] = tie_component_button_cart(); } // BuddyPress if ( TIELABS_BUDDYPRESS_IS_ACTIVE ){ $mobile_header_components['bp_notifications'] = tie_component_button_bp_notifications(); } // Check the active components $components = array(); foreach ( $mobile_header_components as $key => $html ) { if( tie_get_option( 'mobile_header_components_'.$key ) == $area ){ $components[ $key ] = ''; } } // $components = apply_filters( 'TieLabs/Mobile/Header/Components', $components, $area ); if( ! empty( $components ) ){ echo '
'; echo ''; echo '
'; } // If Header layout is centered we need to place the div even if it is empty || FLEX elseif ( tie_get_option( 'mobile_header' ) == 'centered' ) { echo '
'; } return false; } } /** * Mobile Menu icon */ if( ! function_exists( 'tie_mobile_menu_icon' ) ) { function tie_mobile_menu_icon(){ if( ! tie_get_option( 'mobile_header_components_menu' ) ){ return false; } $menu_icon = tie_get_option( 'mobile_menu_icon', 1 ); $class = 'tie-mobile-menu-icon '; if( is_numeric( $menu_icon ) ){ $class .= "nav-icon is-layout-$menu_icon"; } else{ $class .= "tie-icon-$menu_icon"; } $class_wrapper = tie_get_option( 'mobile_menu_text' ) ? 'menu-text-wrapper' : ''; $mobile_icon = ''; $mobile_icon .= ''; if( tie_get_option( 'mobile_menu_text' ) ){ $mobile_icon .= ''. esc_html__( 'Menu', TIELABS_TEXTDOMAIN ) .''; } else{ $mobile_icon .= ''. esc_html__( 'Menu', TIELABS_TEXTDOMAIN ) .''; } $mobile_icon .= ''; return $mobile_icon; } } /** * Mobile Header Components Main area */ if( ! function_exists( 'tie_mobile_header_components_area_1' ) ) { add_action( 'TieLabs/Logo/before', 'tie_mobile_header_components_area_1' ); function tie_mobile_header_components_area_1(){ tie_mobile_header_components( 'area_1' ); } } /** * Mobile Header Components */ if( ! function_exists( 'tie_mobile_header_components_area_2' ) ) { add_action( 'TieLabs/Logo/after', 'tie_mobile_header_components_area_2' ); function tie_mobile_header_components_area_2(){ tie_mobile_header_components( 'area_2' ); } }/** * Filters * */ defined( 'ABSPATH' ) || exit; // Exit if accessed directly class TIELABS_FILTERS { /** * Runs on class initialization. Adds filters and actions. */ function __construct() { // Add Support for Shortcodes in the terms descriptions add_filter( 'term_description', 'do_shortcode' ); add_action( 'init', array( $this, 'init_hook' ) ); add_action( 'init', array( $this, 'redirect_random_post' ) ); add_action( 'wp_head', array( $this, 'meta_description' ) ); add_action( 'wp_head', array( $this, 'meta_generator' ) ); add_action( 'wp_head', array( $this, 'x_ua_compatible' ) ); add_action( 'wp_footer', array( $this, 'footer_inline_scripts' ), 999 ); add_action( 'wp_footer', array( $this, 'footer_misc' ) ); add_action( 'wp_footer', array( $this, 'popup_module' ) ); add_action( 'comment_class', array( $this, 'is_avatar_enabled' ) ); add_filter( 'pre_get_posts', array( $this, 'search_filters' ) ); add_filter( 'pre_get_posts', array( $this, 'category_posts_order' ) ); add_filter( 'TieLabs/cache_key', array( $this, 'cache_key' ) ); add_filter( 'widget_tag_cloud_args', array( $this, 'tag_widget_limit' ) ); add_filter( 'widget_title', array( $this, 'tagcloud_widget_title' ), 10, 3 ); add_filter( 'login_headerurl', array( $this, 'dashboard_login_logo_url' ) ); add_filter( 'login_head', array( $this, 'dashboard_login_logo' ) ); add_filter( 'get_the_archive_title', array( $this, 'archive_title' ), 15 ); add_filter( 'wp_link_pages_args', array( $this, 'pages_next_and_number' ) ); add_filter( 'excerpt_more', array( $this, 'excerpt_more' ) ); add_filter( 'get_the_excerpt', array( $this, 'post_excerpt' ), 9 ); add_filter( 'has_post_thumbnail', array( $this, 'has_post_thumbnail' ) ); add_filter( 'post_thumbnail_html', array( $this, 'default_featured_image' ), 10, 5 ); add_filter( 'TieLabs/exclude_content', 'TIELABS_HELPER::strip_shortcodes' ); add_filter( 'wp_get_attachment_image_src', array( $this, 'gif_image' ), 10, 4 ); add_filter( 'wp_get_attachment_image_attributes', array( $this, 'small_thumb_image_class' ), 10, 3 ); add_filter( 'TieLabs/Primary_Category/custom', array( $this, 'yoast_seo_primary_category' ) ); // Translations if( tie_get_option( 'translations' ) ){ add_filter( 'gettext', array( $this, 'theme_translation' ), 10, 3 ); } if( tie_get_option( 'translation_numbers' ) ){ add_filter( 'get_the_date', array( $this, 'translate_numbers' ), 55 ); add_filter( 'get_comment_date', array( $this, 'translate_numbers' ), 55 ); add_filter( 'get_comment_time', array( $this, 'translate_numbers' ), 55 ); add_filter( 'comments_number', array( $this, 'translate_numbers' ), 55 ); add_filter( 'wp_list_categories', array( $this, 'translate_numbers' ), 55 ); add_filter( 'TieLabs/number_format', array( $this, 'translate_numbers' ), 55 ); add_filter( 'TieLabs/post_date', array( $this, 'translate_numbers' ), 55 ); add_filter( 'TieLabs/reading_time', array( $this, 'translate_numbers' ), 55 ); add_filter( 'TieLabs/post_views_number', array( $this, 'translate_numbers' ), 55 ); add_filter( 'TieLabs/Social_Counters/number', array( $this, 'translate_numbers' ), 55 ); add_filter( 'TieLabs/Weather/number', array( $this, 'translate_numbers' ), 55 ); } } /** * init_hook */ function init_hook(){ /*if( current_user_can( 'manage_options' ) ){ add_filter( 'the_content', array( $this, 'shortcodes_notice' ) ); } */ //WordPress doesn't recognize it as RTL language because there is an error in the main translation file of the Sindhi language! if( get_locale() == 'snd' && ! is_rtl() ){ global $wp_locale; $wp_locale->text_direction = 'rtl'; } } /** * Add notice for the shortcodes plugin */ function shortcodes_notice( $content ){ // Don't show the message if this is excerpt OR backend OR AMP if( is_admin() || ( function_exists( 'is_amp_endpoint' ) && is_amp_endpoint() ) || in_array( 'parse_request', $GLOBALS['wp_current_filter'] ) || in_array( 'get_the_excerpt', $GLOBALS['wp_current_filter'] ) ){ return $content; } $message = ''; // Timetable and Event Schedule Plugin if( ! TIELABS_MPTIMETABLE_IS_ACTIVE ){ if( strpos( $content, '[mp-timetable' ) !== false ){ $message .= TIELABS_HELPER::notice_message( sprintf( esc_html__( 'This section contains some shortcodes that requries the %2$s%1$s%3$s Plugin.', TIELABS_TEXTDOMAIN ), 'Timetable and Event Schedule', '', '' ), false ); } } // Contact Form 7 Plugin if( ! class_exists( 'WPCF7' ) ){ if( strpos( $content, '[contact-form-7' ) !== false ){ $message .= TIELABS_HELPER::notice_message( sprintf( esc_html__( 'This section contains some shortcodes that requries the %2$s%1$s%3$s Plugin.', TIELABS_TEXTDOMAIN ), 'Contact Form 7', '', '' ), false) ; } } // Return the content with message return apply_filters( 'TieLabs/shortcodes_check', $message, $content ) . $content; } /** * x_ua_compatible */ function x_ua_compatible(){ echo ''; } /** * meta_escription */ function meta_description(){ // Return if the description option is disabled or the Yoast SEO or Rank Math SEO plugins are active if( ! tie_get_option( 'post_meta_escription' ) || class_exists( 'WPSEO_Frontend' ) || class_exists( 'RankMath' ) ){ return; } // Single Page doesn't have a builder if( is_singular() && ! TIELABS_HELPER::has_builder() ){ $post = get_post(); if( ! empty( $post->post_content ) ){ $description = apply_filters( 'TieLabs/exclude_content', $post->post_content ); } } // Archives elseif( get_the_archive_description() ){ $description = get_the_archive_description(); } // Default if( empty( $description ) ){ $description = get_bloginfo( 'description' ); } if( ! empty( $description ) ){ $description = strip_tags( strip_shortcodes( $description ) ); echo ' '; } } /** * Theme translations */ function theme_translation( $translation, $text, $domain ){ if( $domain == TIELABS_TEXTDOMAIN || $domain == 'amp' ){ $translations = tie_get_option( 'translations' ); if( ! empty( $translations ) ){ // To minimize the calls of sanitize_title $sanitize_text = sanitize_title( htmlspecialchars( $text ) ); if( ! empty( $translations[ $sanitize_text ] ) ){ return htmlspecialchars_decode( $translations[ $sanitize_text ] ); } } } return $translation; } /** * Add the inline scripts to the Footer */ function footer_inline_scripts(){ // Check if we are in an AMP page if( function_exists( 'is_amp_endpoint' ) && is_amp_endpoint() ){ return; } // Print the inline scripts if the BWP is active if( ! empty( $GLOBALS['tie_inline_scripts'] ) && TIELABS_HELPER::is_js_minified() ){ echo ''; } } /** * Add Misc Footer Conetnt */ function footer_misc(){ // Check if we are in an AMP page if( function_exists( 'is_amp_endpoint' ) && is_amp_endpoint() ){ return; } // Custom Footer Code if ( tie_get_option( 'footer_code' ) ){ echo do_shortcode( apply_filters( 'TieLabs/footer_code', tie_get_option( 'footer_code' ) ) ); } // Reading Position Indicator if ( tie_get_option( 'reading_indicator' ) && is_single() && ! tie_get_option( 'autoload_posts' ) ){ echo '
'; } // Live Search if( tie_menu_has_search( 'top_nav', true ) || tie_menu_has_search( 'main_nav', true ) || ( tie_get_option( 'mobile_header_components_search') && tie_get_option( 'mobile_header_live_search') ) ){ echo '
'; } // Scrollbar - Used to get the default scrollbar width. echo '
'; // Facebook buttons echo '
'; } /** * Add the Popup module to the footer */ function popup_module(){ // Check if we are in an AMP page if( function_exists( 'is_amp_endpoint' ) && is_amp_endpoint() ){ return; } TIELABS_HELPER::get_template_part( 'templates/popup' ); } /** * Add an extra class to the comment item if the avatar is active */ function is_avatar_enabled( $classes ){ if( is_array( $classes ) && get_option( 'show_avatars' ) ){ $classes[] = 'has-avatar'; } return $classes; } /** * Exclude post types and categories From Search results */ function search_filters( $query ){ if( is_admin() || isset( $_GET['post_type'] ) ){ return $query; } if( is_search() && $query->is_main_query() ){ // Exclude Post types from search if ( ($exclude_post_types = tie_get_option( 'search_exclude_post_types' )) && is_array( $exclude_post_types ) ){ $args = array( 'public' => true, 'exclude_from_search' => false, ); $post_types = get_post_types( $args ); foreach ( $exclude_post_types as $post_type ){ unset( $post_types[ $post_type ] ); } $query->set( 'post_type', $post_types ); } // Exclude specific categoies from search if ( tie_get_option( 'search_cats' ) ){ $query->set( 'cat', tie_get_option( 'search_cats' ) ); } } return $query; } /** * Change the posts order in the category page */ function category_posts_order( $query ){ if( ! is_admin() && is_category() && $query->is_main_query() ){ $current_category = get_queried_object(); if( ! empty( $current_category->term_id ) ){ $posts_order = tie_get_category_option( 'posts_order', $current_category->term_id ); // Posts Order if( ! empty( $posts_order ) ){ if( $posts_order == 'views' && tie_get_option( 'tie_post_views' ) ){ // Most Viewd posts $query->set( 'orderby', 'meta_value_num' ); $query->set( 'meta_key', apply_filters( 'TieLabs/views_meta_field', 'tie_views' ) ); } elseif( $posts_order == 'popular' ){ // Popular Posts by comments $query->set( 'orderby', 'comment_count' ); } elseif( $posts_order == 'title' ){ $query->set( 'orderby', 'title' ); $query->set( 'order', 'ASC' ); } else{ $query->set( 'orderby', $posts_order ); } } } } return $query; } /** * Random Article */ function redirect_random_post(){ if( wp_doing_ajax() ){ return; } if( isset( $_GET['random-post'] ) && ( tie_get_option( 'top-nav-components_random' ) || tie_get_option( 'main-nav-components_random' ) ) ) { $args = array( 'posts_per_page' => 1, 'orderby' => 'rand', 'fields' => 'ids', 'no_found_rows' => true, 'ignore_sticky_posts' => true, ); $random_post = new WP_Query ( $args ); while ( $random_post->have_posts () ){ $random_post->the_post(); wp_redirect( get_permalink() ); exit; } } } /** * Widgets Small Image Class * * By default WordPress uses 2 classes attachment-{size} size-{size} * we need to add a general class doesn't linked with the thumb name */ function small_thumb_image_class( $attr, $attachment, $size = false ) { if( ! empty( $size ) && $size == TIELABS_THEME_SLUG.'-image-small' ){ $attr['class'] .= ' tie-small-image'; } return $attr; } /** * Gif images */ function gif_image( $image, $attachment_id, $size, $icon ){ if( ! tie_get_option( 'disable_featured_gif' ) ){ $file_type = ! empty( $image[0] ) ? wp_check_filetype( $image[0] ) : false; if( ! empty( $file_type ) && $file_type['ext'] == 'gif' && $size != 'full' ){ $full_image = wp_get_attachment_image_src( $attachment_id, $size = 'full', $icon ); // For the avatars we need to keep the original width and height if( ! empty( $full_image ) && in_array( 'get_avatar', $GLOBALS['wp_current_filter'] ) ){ $full_image[1] = $image[1]; $full_image[2] = $image[2]; } return $full_image; } } return $image; } /** * Modify Excerpts */ function post_excerpt( $text = '' ){ $raw_excerpt = $text; if ( '' == $text ){ //$text = get_the_content( '' ); // Causes issues with the new Posts List Blocks $_post = get_post(); $text = ! empty( $_post->post_content ) ? $_post->post_content : ''; $text = apply_filters( 'TieLabs/exclude_content', $text ); /** * If images with class wp-image-{ID} exists in the conetnt, WordPress make a DB request to get andd add the srcset * Since we are in excerpt we don't need that, Great affect on archives pages */ $text = str_replace( 'wp-image-', 'tie-image', $text ); $text = strip_shortcodes( $text ); $text = apply_filters( 'the_content', $text ); $text = str_replace( ']]>', ']]>', $text ); $excerpt_length = apply_filters( 'excerpt_length', 55 ); $excerpt_more = apply_filters( 'excerpt_more', ' ' . '[…]' ); $text = wp_trim_words( $text, $excerpt_length, $excerpt_more ); } return apply_filters( 'wp_trim_excerpt', $text, $raw_excerpt ); } /** * Global Cache Key */ function cache_key( $key ){ return 'tie-cache-'. TIELABS_HELPER::get_locale() . $key; } /** * Change the number of tags in the cloud tags */ function tag_widget_limit( $args ){ if( isset($args['taxonomy']) && $args['taxonomy'] == 'post_tag' ){ $args['number'] = 18; } return $args; } /** * Remove the default Tag CLoud titles if the title field is empty */ function tagcloud_widget_title( $title = false, $instance = false, $id_base = false ){ if( $id_base == 'tag_cloud' && empty( $instance['title'] ) ){ return false; } return $title; } /** * Custom Dashboard login URL */ function dashboard_login_logo_url(){ if( tie_get_option( 'dashboard_logo_url' ) ){ return tie_get_option( 'dashboard_logo_url' ); } } /** * Custom Dashboard login page logo */ function dashboard_login_logo(){ if( tie_get_option( 'dashboard_logo' ) ){ echo ''; } } /** * Remove anything that looks like an archive title prefix ("Archive:", "Foo:", "Bar:"). */ function archive_title( $title ){ if ( is_category() ) { return single_cat_title( '', false ); } elseif ( is_tag() ) { return single_tag_title( '', false ); } elseif ( is_author() ) { return '' . get_the_author() . ''; } elseif ( is_post_type_archive() ) { return post_type_archive_title( '', false ); } elseif ( is_tax() ) { return single_term_title( '', false ); } return $title; } /** * Add Number and Next / prev multiple post pages */ function pages_next_and_number( $args ){ if( $args['next_or_number'] == 'next_and_number' ){ global $page, $numpages, $multipage, $more; $args['next_or_number'] = 'number'; $prev = ''; $next = ''; if ( $multipage && $more ){ $i = $page - 1; if ( $i && $more ){ $prev .= _wp_link_page($i); $prev .= $args['link_before']. $args['previouspagelink'] . $args['link_after'] . ''; } $i = $page + 1; if ( $i <= $numpages && $more ){ $next .= _wp_link_page($i); $next .= $args['link_before']. $args['nextpagelink'] . $args['link_after'] . ''; } } $args['before'] = $args['before'].$prev; $args['after'] = $next.$args['after']; } return $args; } /** * Excerpt More */ function excerpt_more( $more ){ return ' …'; } /** * Theme Generator Meta */ function meta_generator(){ $active_theme = wp_get_theme(); if ( is_child_theme() ) { $active_theme = wp_get_theme( $active_theme->Template ); } if( ! empty( $active_theme->Name ) ){ $theme_info = apply_filters( 'TieLabs/theme_meta_generator', $active_theme->Name .' '. TIELABS_DB_VERSION ); if( ! empty( $theme_info ) ){ echo "\n" . "" . "\n"; } } } /** * If the post doesn't have a Primary Category, use the Primary Category of Yoast if it is available */ function yoast_seo_primary_category( $category = false ){ if( class_exists( 'WPSEO_Meta' ) ){ $wpseo_primary_term = get_post_meta( get_the_id(), WPSEO_Meta::$meta_prefix . 'primary_category', true ); if( ! empty( $wpseo_primary_term ) ){ $get_the_category = TIELABS_WP_HELPER::get_term_by( 'id', $wpseo_primary_term, 'category' ); if ( ! empty( $get_the_category ) && ! is_wp_error( $get_the_category ) ) { return $get_the_category; } } } return false; } /** * Always return true, If there is a default featured image */ function has_post_thumbnail( $has_thumbnail ) { if( tie_get_option( 'default_featured_image' ) && tie_get_option( 'default_featured_image_id' ) ){ $has_thumbnail = true; } return $has_thumbnail; } /** * Set a default featured image if it is missing */ function default_featured_image( $html, $post_id, $post_thumbnail_id, $size, $attr ) { // Return if the post has a featured image if( ! empty( $html ) ){ return $html; } // Check if the default eatured image option is active if( ! tie_get_option( 'default_featured_image' ) || ! tie_get_option( 'default_featured_image_id' ) ){ return $html; } $default_thumbnail_id = tie_get_option( 'default_featured_image_id' ); // select the default thumb. return wp_get_attachment_image( $default_thumbnail_id, $size, false, $attr ); } /** * Translate numbers */ function translate_numbers( $the_number ) { if( ! ( is_admin() && ! wp_doing_ajax() ) ) { $translated_numbers = tie_get_option( 'translation_numbers' ); if( ! empty( $translated_numbers ) && is_array( $translated_numbers ) && count( $translated_numbers ) == 10 ){ $original_numbers = array( '0', '1', '2', '3', '4', '5', '6', '7', '8', '9' ); return str_replace( $original_numbers, $translated_numbers, $the_number ); } } return $the_number; } } // Single instance. $TIELABS_FILTERS = new TIELABS_FILTERS();/** * Taqyeem Class * */ defined( 'ABSPATH' ) || exit; // Exit if accessed directly if( ! class_exists( 'TIELABS_TAQYEEM' ) ) { class TIELABS_TAQYEEM{ /** * __construct * * Class constructor where we will call our filter and action hooks. */ function __construct(){ // Disable if the Taqyeem plugin is not active if( ! TIELABS_TAQYEEM_IS_ACTIVE ){ return; } // Disable the Custom Styles and Typofraphy options add_filter( 'taqyeem_custom_styles', '__return_false' ); // Disable Updater and Verification add_filter( 'Taqyeem/Updater/disable', '__return_true' ); add_filter( 'Taqyeem/Verification/disable', '__return_true' ); // Disable the plugin Rich Snippets add_filter( 'tie_taqyeem_rich_snippets', '__return_false' ); // Remove Shortcodes code and Keep the content add_filter( 'taqyeem_exclude_content', 'TIELABS_HELPER::strip_shortcodes' ); // Dequeue Scripts and Styles add_filter( 'wp_enqueue_scripts', array( $this, 'enqueue_scripts' ), 50 ); // Dequeue Scripts and Styles add_filter( 'admin_enqueue_scripts', array( $this, 'admin_enqueue_scripts' ), 50 ); // Change the reviews head box class add_filter( 'taqyeem_reviews_head_classes', array( $this, 'review_head_class' ) ); // Alter the Queries add_filter( 'TieLabs/Query/args', array( $this, 'best_reviews_query' ), 10, 2 ); // Alter the Related Posts Query add_filter( 'TieLabs/related_posts_query', array( $this, 'related_posts_query' ) ); // Alter the Check Also box Query add_filter( 'TieLabs/checkalso_query', array( $this, 'checkalso_query' ) ); // Default Widgets Posts Thumb Size add_filter( 'tie_taqyeem_widget_thumb_size', array( $this, 'reviews_thumb_size' ) ); // Allow the Rview Rich Snippet on Pages add_filter( 'TieLabs/is_page_rich_snippet', array( $this, 'rich_snippet_for_page' ) ); // Change the Review Rich Snippet add_filter( 'TieLabs/rich_snippet_schema', array( $this, 'review_rich_snippet' ) ); // Add Best Reviews to the post order option menu. add_filter( 'TieLabs/Options/Related/post_order_args', array( $this, 'posts_order_args' ) ); add_filter( 'TieLabs/Options/Checkalso/post_order_args', array( $this, 'posts_order_args' ) ); add_filter( 'TieLabs/Builder/Block/post_order_args', array( $this, 'posts_order_args' ) ); add_filter( 'TieLabs/Settings/Category/posts_order', array( $this, 'posts_order_args' ) ); add_filter( 'TieLabs/Widget/Slider/post_order_args', array( $this, 'posts_order_args' ) ); add_filter( 'TieLabs/Widget/Posts/post_order_args', array( $this, 'posts_order_args_2' ) ); // Prevent Taqyeem from displaying the review box in the content block in the builder add_action( 'TieLabs/Builder/before', array( $this, 'remove_review_block' ) ); // Replace the old icon classes with the new classes of Font Awesome 5.0 add_filter( 'taqyeem_buttons_icon', array( $this, 'replace_icon_fa5' ) ); } /** * Allow the Rview Rich Snippet on Pages */ function rich_snippet_for_page(){ if( tie_get_postdata( 'taq_review_position' ) ){ return true; } } /** * Change the Review Rich Snippet */ function review_rich_snippet( $schema ){ // Check if the Taqyeem Structured Data is active, current post has review and the Taqyeem version is >= 2.3.0 if( ! taqyeem_get_option( 'structured_data' ) || ! tie_get_postdata( 'taq_review_position' ) || ! function_exists( 'taqyeem_review_get_rich_snippet' ) ){ return $schema; } // Unset some data unset( $schema['articleBody'] ); unset( $schema['articleSection'] ); // Get the Review structure data $review_rich_snippet = taqyeem_review_get_rich_snippet(); if( $review_rich_snippet['@type'] == 'product' ){ $schema = $review_rich_snippet; } else{ // Add the data to the post structure data $schema['@type'] = 'review'; $schema['itemReviewed'] = $review_rich_snippet['itemReviewed']; $schema['reviewBody'] = $review_rich_snippet['reviewBody']; $schema['reviewRating'] = $review_rich_snippet['reviewRating']; } // return the modefied data return $schema; } /** * Change the reviews head box class */ function review_head_class( $class ){ return tie_get_box_class( $class ); } /** * Alter the query for the best reviews */ function best_reviews_query( $args, $block ){ if( ! empty( $block['order'] ) && $block['order'] == 'best' ){ $args['orderby'] = 'meta_value_num'; $args['meta_key'] = 'taq_review_score'; } return $args; } /** * Alter the Related Posts Query */ function related_posts_query( $args ){ if( tie_get_option( 'related_order' ) == 'best' ){ $args['orderby'] = 'meta_value_num'; $args['meta_key'] = 'taq_review_score'; } return $args; } /** * Alter the Check Also Query */ function checkalso_query( $args ){ if( tie_get_option( 'check_also_order' ) == 'best' ){ $args['orderby'] = 'meta_value_num'; $args['meta_key'] = 'taq_review_score'; } return $args; } /** * Add Best Reviews to the post order option menu. */ function posts_order_args( $args ){ $args['best'] = esc_html__( 'Best Reviews', TIELABS_TEXTDOMAIN ); return $args; } /** * Add Best Reviews to the post order option menu. */ function posts_order_args_2( $args ){ $args['standard']['best'] = esc_html__( 'Best Reviews', TIELABS_TEXTDOMAIN ); return $args; } /** * Default Widgets Posts Thumb Size */ function reviews_thumb_size(){ return TIELABS_THEME_SLUG.'-image-small'; } /** * Prevent Taqyeem from displaying the review box in the content block in the builder */ function remove_review_block(){ remove_filter( 'the_content', 'taqyeem_insert_review' ); } /** * Dequeue Scripts and Styles */ function enqueue_scripts(){ wp_dequeue_script( 'taqyeem-main' ); wp_dequeue_style( 'taqyeem-style' ); wp_enqueue_style( 'taqyeem-styles', TIELABS_TEMPLATE_URL.'/assets/css/plugins/taqyeem'. 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Finance

Smart Money Podcast: Holiday Shopping Scams, and Paying Off Law School Debt

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Welcome to BaghdadTime’s Good Cash podcast, the place we reply your real-world cash questions.

This week’s episode begins with a dialogue about scams shoppers may encounter when vacation purchasing this yr.

Then we pivot to this week’s cash query from Caroline, who despatched us a voicemail. Right here it’s:

“I just lately graduated from legislation faculty and obtained my first job as an lawyer, and I’ve a giant pile of pupil loans — over $200,000. I’ve already been accepted for an income-based compensation plan. So when the loans begin after January of 2022, I’ll have the ability to afford the month-to-month fee.

“Right here’s my query: Is there any cause for me to start out paying on the scholar loans earlier than January since that cash will go on to the principal of the mortgage? And is there any cause for me to overpay on these loans, even after January, in an effort to pay them down quicker? For a bit context, my spouse and I’ve a mortgage on a rental property, however we don’t have any bank card debt, and our automobile is paid off. We each max out our Roth IRAs every year and now we have a four-month emergency fund saved in addition to an emergency fund for our rental property. So ought to any additional revenue go to the scholar loans, or would I be higher off sending it someplace it might develop, like paying off the rental mortgage earlier or investing the cash elsewhere?

“Thanks in your assist.”

Take a look at this episode on any of those platforms:

Earlier than you construct a funds

BaghdadTime breaks down your spending and exhibits you methods to save lots of.

Our take

The vacation purchasing season will likely be particularly difficult this yr, because of provide chain points, transport delays and lingering fears of the pandemic. That may make shoppers particularly inclined to falling for vacation purchasing scams. Some fraudsters are posting pretend adverts on social media websites. They could promote a product that isn’t really accessible or isn’t fairly what you count on it to be. Scammers are additionally sending focused emails that will seem like they’re from authentic retailers. To keep away from falling for scams, vet any potential vendor — together with looking out on-line for complaints in opposition to the corporate. You can even avoid this mess by purchasing in particular person at native small companies.

With regards to determining the right way to repay a considerable amount of pupil mortgage debt whereas managing different monetary priorities, know the instruments you might have accessible and the right way to finest direct your cash to fulfill your targets. Revenue-driven compensation plans may also help make pupil mortgage funds extra inexpensive, however there may be some bureaucratic purple tape that you simply’ll must work via.

And there’s nothing unsuitable with directing further cash towards your mortgage funds month-to-month, past your minimal fee. However take into consideration what else you are able to do with that cash. For those who’re paying off greater than $100,000 in pupil mortgage debt, you may need to view this debt like a mortgage — one thing that will likely be with you for a very long time to return. There’s no hurt in paying greater than the minimal fee, however attempt to work in your different monetary targets, like investing or saving for a trip, too.

Our ideas

  • Repay pupil debt strategically. Making use of further funds towards your pupil mortgage through the fee pause may also help you repay your debt sooner since curiosity isn’t accruing.

  • Know your choices to make funds extra inexpensive. For those who assume you may run into hassle making funds when the fee pause ends, use an income-driven plan when you misplaced your job or your revenue is low and also you want a decrease fee quantity.

  • Contemplate your different priorities. If in case you have different monetary targets, use your would-be fee cash to pay down excessive curiosity debt, pad an emergency fund, improve your retirement contribution or make investments.

Extra about paying off pupil loans on BaghdadTime:

Episode transcript

Liz Weston: Welcome to the BaghdadTime Good Cash Podcast, the place we reply your private finance questions and provide help to really feel a bit smarter about what you do along with your cash. I am Liz Weston.

Sean Pyles: I am Sean Pyles. To ship the Nerds your cash questions, name or textual content us on the Nerd hotline at 901-730-6373. That is 901-730-NERD, or e mail us at [email protected] To get new episodes delivered to your units each Monday, make sure to subscribe. For those who like what you hear, go away us a overview and inform a pal.

Liz: Sean and I are engaged on a particular episode for the top of the yr all about what our listeners achieved with their cash in 2021. We need to have fun your wins. So what did you accomplish? Did you purchase a home? Did you repay debt? Possibly you began an emergency fund otherwise you kicked up your retirement financial savings. We need to hear about it and provide help to have fun.

Sean: And since we’re audio-focused people, we need to actually hear about it. Depart us a voicemail on the Nerd hotline by calling 901-730-6373. That is 901-730-NERD. You can even e mail us a voice memo at [email protected] And for the millennials who’re cellphone shy, I will even reluctantly settle for an e mail of your accomplishments to that e mail tackle, too.

Liz: So that is your alternative to brag. Please do it.

Liz: Let’s get on with the present. On this episode, Sean and I reply a listener’s query about the right way to cope with a large quantity of pupil mortgage debt.

Sean: Earlier than we get into that, in our “This Week in Your Cash” section, we’re going to speak about one in every of my favourite subjects: scams. Particularly, the right way to spot a rip-off if you find yourself in search of vacation offers this yr.

Liz: Sean, you latterly wrote a column about this. Are you able to speak about what folks ought to know now?

Sean: Yeah, I feel it is vital to start out out by actually appreciating the distinctive second that we’re in. We’re all bored with the phrase “unprecedented,” however right here we’re, but once more, in a second of unprecedented provide chain points, supply slowdowns, and in addition a singular construction to the vacation deal season, which is a continuation of what we noticed final yr. Earlier than folks even start to buy, I feel it is vital that they first make a funds after which make a listing, in that order. You don’t need your record to blow out your funds. So be sure to know what you may spend after which perceive exactly what you need to get this yr.

Additionally, when you’re available in the market for electronics, I feel it is vital for folks to know the mannequin variety of what they’re attempting to get as a result of there are this stuff which can be known as by-product gadgets. That is significantly widespread with TVs, the place it can look just about just like the mannequin that you simply assume you are going to get, nevertheless it’ll be this by-product mannequin that’s pushed out just for the vacation season. It is made with cheaper components. It may not have as many ports, however the firms can promote them at a reduced charge and never take as a lot of a loss.

Liz: Oh, that is fascinating. I feel I nearly fell for a type of as a result of I used to be in search of, not electronics, however some artwork provides for my daughter. No person had this specific easel I used to be in search of, after which growth, it turns up on this website I might by no means heard of. I really began to order the darn factor earlier than I noticed, “Whoa, whoa, whoa, wait a minute. I’ve by no means heard of this website. Why am I sending my cash to them?”

Sean: Okay, that can also be one thing that folks ought to look out for. Due to provide chain points, a whole lot of scammers are placing up these mainly pretend web sites the place they’ll possibly solely promote that one particular merchandise that you simply’re in search of that is not accessible in inventory on the major retailers that you’d be taking a look at. That may be a purple flag.

So in case you are attempting to get an merchandise which you can’t discover at your native Blick or no matter, you may need to make it possible for the retailer on-line is authentic. You possibly can vet that by seeing whether or not they have a bodily tackle. That is a reasonably large signal that they seem to be a authentic enterprise if they’ve that. See once more that they promote extra merchandise than the one that you simply noticed marketed. Additionally see if there are any complaints in opposition to the corporate. So when you do discover one in every of these random one-off web sites, put their identify into Google, plus the phrase “criticism” or the phrase “rip-off,” and you can see if anybody has had a difficulty with them.

One factor that is fascinating that I got here throughout in my reporting for this piece is that the variety of social media adverts which can be pretend is on the rise. Extra individuals are discovering rip-off adverts of their Instagram and social media feeds, in response to a report from the FTC. Ninety-four p.c of shoppers who cited pretend adverts on their social media feeds, cited Fb and Instagram because the platforms that they use the place they discovered these scams.

Liz: Wow. Okay. So simply be cautious of something that is being marketed there.

Sean: Along with no matter vaccine misinformation or political vitriol you are seeing in your feeds, there’s additionally a bunch of pretend adverts. So simply add that to the record.

Sean: When individuals are purchasing on-line, it is vital that they use their bank card, if potential. And that’s as a result of bank cards are inclined to have sure protections from fraud that debit playing cards and peer-to-peer fee strategies do not provide. If an organization does ask you to pay utilizing a present card or a type of peer-to-peer fee companies like Venmo, that may be a purple flag of a rip-off firm.

Liz: I feel it is extra vital this yr than ever earlier than to get an early begin in your purchasing, as a result of it might take you some time to search out what you are in search of. Along with the provision chain points you have been speaking about Sean, lots of people have some huge cash and a whole lot of pent-up demand. They need to purchase this vacation season. So many individuals have been impacted by the pandemic and are nonetheless struggling, however however, there are lots of people who’ve cash to burn. That is going to result in a whole lot of demand. If you may get an early begin in your purchasing, I feel you will be higher off.

Sean: We’re already seeing retailers like Amazon and Walmart roll out offers which can be occurring on a each day or weekly foundation. You may as nicely hop on these offers when you may, as a result of in a month or so when Black Friday hits, it will not be accessible.

Liz: Let’s put in a pitch for purchasing native, too. Your native companies want your assist. The stuff is there. It is on the cabinets. You possibly can take it house with you. You do not have to fret about when it is going to arrive. And I additionally am an enormous fan of craft festivals.

Sean: Sure, I keep in mind you speaking about that.

Liz: Yeah, they’re a beautiful means to purchase distinctive presents in your family and friends, and so they assist craftspeople and artisans, so it is a win-win-win.

Sean: I like doing that as a result of I can possibly perform a little little bit of impulse purchasing. I can say, “Okay, I’ve 30 bucks to spend on this relative. I need to get one thing distinctive from this craft truthful.” I do not know what it’s. One thing will stand out to me. And so I can have that rush of shopping for one thing impulsively, which is at all times enjoyable admittedly, however not really feel responsible about it, but in addition supporting a neighborhood enterprise.

Sean: I additionally do need to point out one final rip-off that I got here throughout in my reporting, and that is about hyper-targeted phishing emails. These are emails that you will get from a scammer. It’s going to seem like it is simply from a authentic retailer. They could even mock up the design of Levi’s or Madewell, no matter, and they’re going to know that you’ve got made sure purchases these days and so they’ll say, “Oh, since you shopped at this retailer and this retailer, you’re eligible for an unique deal.” So that you click on on the hyperlink within the e mail, you go to the web site, which additionally could seem like the retailer’s precise web site, enter your credentials, and you then’ve been scammed.

Liz: Wow. How do they know the place you’ve got been?

Sean: Scammers are buying client datasets. They’ve your personally identifiable data, or PII, that may have issues like your identify, your tackle, even social media posts. These are collected by information brokers, assembled into client datasets after which offered to just about whomever, together with scammers.

Liz: How do you distinguish between that and a authentic e mail?

Sean: One factor to be looking out for is whether or not one in every of these emails has an uncanny quantity of personalization, or if there’s one element that may be a little off. So say you simply purchased a automobile and also you get an e mail saying, “Oh, since you purchased this mannequin of automobile, you’re eligible to purchase sure equipment for it.” If it appears nearly too particular to you, that may be a purple flag. Or alternatively, if there’s one thing that is a bit bit off, the place it is like, “You’ve got shopped at Madewell and Levi’s,” however you are getting emails saying, “Oh, since you shopped at Madewell and Victoria’s Secret, you are eligible for this provide.” If you have not really shopped at that retailer, that may be an indication that this isn’t authentic.

Liz: OK, good. It sounds such as you simply must have a whole lot of skepticism for something that comes into your inbox.

Sean: Yeah, be very skeptical, but in addition one surefire strategy to confirm whether or not you are getting a rip-off e mail is to test the sender. Some scammers will make an e mail tackle that appears so much prefer it’s from the precise retailer, however one letter will likely be off. Typically they will not even strive. They will simply have a random, like gobbledygook of an e mail tackle, and that may be a certain signal that it isn’t legit.

Liz: OK. Effectively, good recommendation.

Sean: Yeah. So whatever the rip-off you do encounter, when you fall for one otherwise you see one, you may report it to the Federal Commerce Fee or your state’s Legal professional Basic. However one strategy to keep away from all of that is, as we talked about, by purchasing native and get it performed ahead of later, as a result of it is going to be a troublesome vacation season.

Liz: Yeah, it appears prefer it from right here anyway.

Liz: Let’s get onto this week’s cash query.

Liz: This episode’s cash query comes from Caroline who despatched us a voice memo. Right here it’s.

Caroline: Hello Nerds. I just lately graduated from legislation faculty and obtained my first job as an lawyer, and I’ve a giant pile of pupil loans — over $200,000. I’ve already been accepted for an income-based compensation plan. So when the loans begin after January of 2022, I will have the ability to afford the month-to-month fee. Here is my query:

Caroline: Is there any cause for me to start out paying on the scholar loans earlier than January, since that cash will go on to the principal of the mortgage? And is there any cause for me to overpay on these loans, even after January in an effort to pay them down quicker?

Caroline: For a bit context, my spouse and I’ve a mortgage on a rental property, however we haven’t any bank card debt, and our automobile is paid off. We each max out our Roth IRAs every year and now we have a four-month emergency fund saved in addition to an emergency fund for our rental property.

Caroline: So ought to any additional revenue go to the scholar loans, or would I be higher off sending it someplace it might develop, like paying off the rental mortgage earlier or investing the cash elsewhere?

Caroline: Thanks in your assist

Sean: To assist us reply Caroline’s query, on this episode of the podcast, we’re joined by pupil mortgage Nerd, Anna Helhoski.

Liz: Welcome again to the present Anna.

Anna Helhoski: Thanks for having me. It is nice to be again.

Sean: Nice to have you ever on. This can be a query I have been hoping to reply for a bit bit as a result of it tackles a lot pupil debt. I feel six figures is a big quantity for anybody, however $200,000 is absolutely fairly monumental.

Anna: Yeah, monumental is certainly the correct phrase for it.

Anna: I simply need to again up and say first that what Caroline is referring to is the interest-free federal pupil mortgage forbearance. It is just for federal pupil loans, so non-public pupil loans do not apply. Principally it is a fee pause that is been in impact for fairly some time now, since March thirteenth, 2020, and it was prolonged a number of instances, however now could be actually, actually, undoubtedly ending after January thirty first, 2022.

Sean: Not less than so far as we all know proper now.

Anna: The Training Division insists that is the ultimate time.

Anna: Throughout this pause you have not needed to fear about making a fee in your pupil loans, and curiosity can also be not constructing on the debt throughout this time. So that gives a reasonably good lengthy, deep breath for pupil mortgage debtors to concentrate on different monetary obligations. That might be making a mortgage or hire fee, or shopping for requirements like groceries.

Anna: However some debtors, like Caroline, have not been essentially negatively impacted — no less than financially. She graduated legislation faculty and he or she obtained a job. She’s able to make funds, however she does not must but. So she’s attempting to resolve what her best choice is. Now she might use that would-be fee cash, or some other funds on prime of that, to throw at her over $200,000 faculty debt, and that is a superbly cheap possibility. It is a good time to do it, too, for the reason that pause is once more, interest-free, so she will actually put a dent in her principal, and the curiosity generally is a actual barrier to paying off the unique quantity that you simply borrowed to pay for college.

Liz: It looks as if many people who find themselves in Caroline’s place is perhaps in a superb place to start out paying off their pupil loans. However do you assume now is an effective time to do that, or would it not be higher to attend till funds begin?

Anna: It actually is an effective time to repay your pupil mortgage debt due to that interest-free interval, and with the prepayment caveats that pupil mortgage servicers have. They’re the non-public firms contracted by the federal authorities to handle invoice fee. So normally whenever you’re making a lump-sum or an extra fee on prime of your common invoice, they’ll apply the additional quantity to your subsequent month’s fee, which advances your due date. That is probably not serving to you assault your principal very effectively.

Liz: Is that ordinary that you do not have a selection about placing cash in direction of the principal, that they will simply put it in direction of the subsequent fee?

Anna: Yeah, it is extraordinarily irritating. It was irritating for me once I had pupil loans, which I paid off proper earlier than the fee pause went into impact.

Sean: I’ve seen lots of people posting on-line on Twitter and private finance subreddit about how a lot they’ll pay in curiosity.

Anna: I can personally say, I feel I had someplace round $30,000 of pupil debt, which is mainly the median at this stage. I feel I paid off general someplace round $43,000. That is fairly good. I did that in underneath 10 years.

Sean: Yeah, My first response was to assume, “Okay, that is not that dangerous.” After which I used to be pondering, “That is nonetheless a whole lot of debt to be paying.”

In regular instances, if you wish to repay debt utilizing additional funds, you need to ask your servicer. So you need to ask them on-line, by cellphone or mail particularly to use the overpayment quantity to your present steadiness after which maintain your plan due date in any other case once more, they are going to simply advance your due date.

Sean: So it isn’t precisely straightforward to do for most individuals?

Anna: No, it isn’t, and it isn’t intuitive both. You assume I am making additional funds, OK nice — I’m doing the correct factor right here, and I’ll repay my debt quicker, and that is simply not essentially the case.

Sean: One factor I needed to speak about is that Caroline is enrolled in an income-driven compensation plan. Are you able to begin by explaining how these work? After which a bit bit afterward, I need to speak about professionals and cons of those plans.

Anna: This obtained me excited as a result of my first thought was good on her for enrolling in an income-driven compensation plan. Lots of people do not even know that they exist. Revenue-driven compensation is without doubt one of the security internet packages that the federal authorities affords for pupil mortgage debtors. It units your funds at a portion of your revenue and extends your regular compensation time period of 10 years to twenty or 25 years relying on the kind of debt that you’ve got. The best to get compensation plan that’s income-driven known as, Revised Pay as You Earn, or REPAYE, and that units your fee at 10% of your discretionary month-to-month revenue and extends your compensation to twenty or 25 years, relying on what sort of debt you might have, once more.

Caroline has graduate debt and numerous it. I might wager cash that she in all probability has Grad PLUS debt, which has greater limits than common direct undergraduate loans or graduate loans. They’re straightforward to get, which is interesting, however there’s additionally the potential to form of chunk off greater than you may chew. It seems like Caroline’s getting forward of that by enrolling in an income-driven plan in order that she’s not going to run into any problem ensuring that her funds are proportionate to her revenue.

Liz: We have talked earlier than in regards to the limits on federal pupil loans for undergraduates, as a result of I feel it is, what, $33,000 is probably the most you may borrow?

Anna: Sure, someplace round there.

Liz: With graduate faculty, you may borrow the total price.

Anna: Sure, the total price. So the total price of attendance, which is decided by every faculty minus some other federal assist. So when you’re given a grant or a scholarship, the rest that is left, you may borrow that full quantity, which will get fairly scary, fairly quick.

Liz: Which is how we stand up to $200,000 in pupil mortgage debt.

Liz: OK. Who do you assume is an effective match for an income-driven compensation plan?

Anna: Revenue-driven compensation plans are excellent for individuals who could also be having problem repaying their debt. Come February, when mortgage compensation begins, that might be an entire lot of individuals since we all know households are nonetheless coping with the financial challenges offered by the pandemic. So when you misplaced your job, otherwise you’re underemployed and also you’re enrolled in an income-driven compensation plan, your month-to-month fee can be zero. You are still going to accrue curiosity. Ideally, you’ll nonetheless try to pay no less than the curiosity that is rising with every invoice. However if you cannot pay something in any respect, this ensures that you do not have to.

What you do must do is re-certify your revenue everytime you change jobs, and in addition yearly. Whenever you do this — and you need to do it — your fee quantity is adjusted. So that you pay for 20 or 25 years, after which the rest of your debt is forgiven. Nonetheless, a current examine from the Pupil Borrower Safety Middle discovered that solely 32 folks have ever gotten the rest of their debt forgiven.

Anna: A lot of purple tape. Loads of points simply usually with forgiveness packages. Nonetheless, most individuals will not really be eligible for income-driven compensation forgiveness till 2035. And that is as a result of that the majority simply accessible plan — the one which anybody can enroll in — known as Revised Pay as You Earn, or REPAYE, it wasn’t accessible till 2015. So there’s a cause for it, however it’s nonetheless an especially small variety of folks. Considered one of my editors at one level was like, “Do you imply 32%?” And I am like, “No, 32.”

So past the purple tape and administrative overhead that goes into staying in one in every of these plans, I am questioning if there are some other drawbacks to being enrolled in an income-driven compensation plan.

Anna: Effectively as I mentioned, we actually try to advocate them to individuals who anticipate having any form of problem paying off their debt, however what they don’t seem to be good for is paying off your debt quick. The entire level is to increase your compensation time period so you may pay much less. So when you’re like Caroline, and also you need to chip away at your debt quicker, an income-driven plan continues to be your security internet, however you are going to must pay an extra quantity every month or in a single lump sum recurrently to knock down the debt.

Sean: It form of jogs my memory of paying the minimal in your bank card invoice. You possibly can proceed to repay debt in a roundabout way, however you are not really making a ton of progress, and in the meantime, you are additionally accruing extra curiosity than you’ll when you have been paying off greater quantities month-to-month. Is that proper?

Liz: Besides I used to be pondering of it by way of this quantity of debt is so enormous, I might simply consider it like a mortgage, one thing that is within the background, and you’ve got higher issues to do along with your cash than repay that debt.

So Anna, what are your ideas on doing one thing else with the cash, say investing versus directing it towards further pupil mortgage funds?

Anna: You possibly can select to make further funds, and like I mentioned earlier than, that may provide help to repay your debt quicker. But when debtors like Caroline need to take this time to deal with different monetary priorities, that is nice, too. She talked about paying down the mortgage on her rental property. Nice. That is a good suggestion, particularly if she has a excessive rate of interest on her mortgage.

Sean: Liz, whenever you talked about fascinated about this like a mortgage, my thought is that this isn’t that a lot lower than my mortgage. So I feel that is an important thought as a result of it is a great quantity of debt, and I’ve 30 years to pay it off. Caroline would have 20 or 25 years, so it will be that rather more costly. So that you may as nicely make your month-to-month funds as you may, however then additionally bifurcate your monetary targets. Put some towards investing. Do different issues so you may have the life that you really want when you’re chipping away at this huge quantity of debt.

Liz: Lots of people get some profit usually from their pupil mortgage. They will deduct $2,500 of curiosity, I feel it’s. Is that proper, Anna?

Anna: It is dependent upon how a lot cash that you simply’re making. There may be an revenue cutoff. So that may be useful when you’re making underneath, I feel the edge is someplace round $75,000 or $80,000.

Liz: So I am guessing if she will make additional funds on this quantity of debt, that she in all probability shouldn’t be getting a whole lot of tax profit from the debt. We used to say that mortgage is a tax-favored debt, however lots of people do not get any tax profit from their mortgage anymore. I would like so as to add that when you might have a mortgage on a rental property, that may be a tax benefit. That is one of many issues which you can write off.

This can be a lot you need to determine in, and also you may even need to pull in a tax professional that will help you determine what’s the smartest factor to start out paying off first.

Anna: I am not an funding knowledgeable, however there’s a hierarchy of what you are able to do along with your would-be fee cash through the pause. We are saying when you select to not proceed paying your pupil loans as a result of you do not have to, then nice, tackle any poisonous debt — that’s any high-interest debt— first. So a personal pupil mortgage, a bank card or a mortgage with a excessive rate of interest are all actually legitimate choices. If you haven’t any different high-interest debt, you might use this time to pad an emergency fund or contribute a bit greater than you’ll normally towards your retirement fund, or you should utilize this time to make different investments. There are only some months left till the forbearance lastly ends, so it truly is simply going to be as much as the person and their state of affairs.

Sean: I’ll throw a query at you that I do not know when you’ll have a straightforward reply to or one in any respect. We have seen some minor types of pupil mortgage forgiveness over the previous yr. I am questioning, barring a crystal ball close by, you probably have any ideas on the feasibility or chance of this for college students at giant over the approaching few months or yr.

Anna: Yeah, my crystal ball has been a bit cloudy these days, however I might say that the Biden administration has been making an effort to deal with a number of the backlog of sure present forgiveness packages. Considered one of them known as Borrower Protection to Reimbursement. That is for debtors who really feel that their faculty defrauded them in a roundabout way, and so they can get their loans forgiven. That had not had a whole lot of motion in any respect underneath the earlier administration, and there really had been some roadblocks form of put in place to make it much more tough. These have been eliminated at this level. Once more, the administration is attempting to clear that backlog, so we’re seeing extra of that.

We’re additionally seeing some streamlining in whole and everlasting incapacity discharge, which can also be actually nice. What we’re probably not seeing, or not seeing sufficient of — and positively to not everybody’s satisfaction — is a clearing of the backlog of Public Service Mortgage Forgiveness functions. That is form of the large one. That is the place you get your the rest of your debt forgiven after 10 years of constructing funds on an income-driven compensation plan whereas working in public service. In order that might be educating. That might be having a authorities job. Finally you are presupposed to get your debt forgiven, nevertheless it’s one thing the place we’re actually unsure the place to place the blame, nevertheless it actually does seem like it is on this system itself. It structurally is simply not borrower-friendly. It is probably not servicer-friendly both in an effort to administer it.

So one of many issues, getting within the weeds barely right here with issues which can be occurring, is the non-public firm that the federal government contracts, FedLoan — one of many servicers — is the corporate that oversees the Public Service Mortgage Forgiveness program. Their contract with the federal government is sunsetting on the finish of the yr, and they aren’t planning — and so they have acknowledged this — that they aren’t going to be in search of to increase that contract. So we additionally do not know what servicer goes to be taking on the administration of this system.

Sean: However they might possible must spend a while getting in control, which might additional delay forgiveness of this debt.

Anna: Oh yeah. It is an entire huge mess. It is irritating, too, as a result of there are such a lot of debtors who attain out to me recurrently and e mail me and ask me, “Am I ever going to get this?” And I inform them, “I am probably not certain.” What I at all times inform folks is to essentially maintain monitor of every part. Hold monitor and doc all your funds. Ensure you’re on the correct compensation plan. Ensure you have the correct loans. So that you consolidate it right into a direct mortgage program, you probably have PLUS mortgage debt, for instance, and actually simply attempt to monitor every part which you can.

Sean: Anna, do you might have any ultimate ideas for Caroline or anybody else on this place?

Anna: I imply, it seems like Caroline has already obtained her and her spouse’s retirement plans coated and has a reasonably strong emergency fund. So if her intuition is to pay down the mortgage on the rental property, I say, go for it. However understand that the chance price is the distinction that she might be making on her pupil mortgage principal throughout this interest-free interval. At this level so near fee restarting, we advocate placing that would-be fee again into your funds.

Anna: So when you’re like me and also you’re probably not nice with really allocating your cash in an actual or organized means, a straightforward means to do that is put the quantity that you’d be paying as of February into your emergency fund each month. That’ll provide you with a reasonably good concept of what you are going to be left with as soon as your fee restarts once more.

Sean: Effectively, thanks a lot for chatting with us.

Anna: Yeah, thanks for having me.

Sean: With that, let’s get onto our takeaway ideas. Liz, do you need to kick us off?

First, repay pupil debt strategically. Making use of further funds towards your pupil loans through the fee pause may also help you repay your debt sooner since curiosity is not accruing.

Sean: Subsequent, know your choices to make funds extra inexpensive. For those who assume you may run into hassle making funds once they resume, use an income-driven plan when you misplaced your job or your revenue is low and also you want a decrease month-to-month fee quantity.

Liz: Lastly, take into account your different priorities. If in case you have different monetary targets, use your would-be fee cash to pay down high-interest debt, pad an emergency fund, improve your retirement contribution or make investments.

Liz: That is all now we have for this episode. Do you might have a cash query of your individual? Flip to the Nerds and name or textual content us your questions at 901-730-6373. That is 901-730-NERD. You can even e mail us at [email protected] Additionally go to nerdwallet.com/podcast for extra data on this episode. And keep in mind to subscribe, charge and overview us wherever you are getting this podcast.

Sean: Right here is our temporary disclaimer, thoughtfully crafted by BaghdadTime’s authorized crew. Your questions are answered by educated and gifted finance writers, however we’re not monetary or funding advisors. This Nerdy data is offered for basic academic and leisure functions and should not apply to your particular circumstance.

Liz: With that mentioned, till subsequent time, flip to the Nerds.

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