Welcome to another insightful session of our EYLU Master Class series! In this episode, Dr. Sonia Lewis, widely known as "The Student Loan Doctor," delves into the intricacies of student loan forgiveness programs and provides expert guidance on establishing your own nonprofit organization. *Key Highlights:* *1. Borrower's Defense:* Dr. Sonia Lewis begins by exploring the Borrower's Defense Loan Discharge program. This essential program offers loan forgiveness to students who attended schools that engaged in misconduct, leading to harm or financial loss. Dr. Lewis emphasizes the importance of understanding eligibility criteria and the long administrative process involved. Schools automatically eligible for this program, such as the University of Phoenix and DeVry University, are discussed, with resources available on Dr. Lewis' Instagram page for further reference. *2. One-Time Account Adjustment:* Dr. Lewis introduces the significant benefits of the one-time account adjustment for those in Income-Driven Repayment (IDR) or Public Service Loan Forgiveness (PSLF) plans. This adjustment will count all repayment periods, including those previously ineligible due to forbearance or deferment. The discussion highlights the importance of keeping track of repayment status on studentaid.gov and ensuring eligibility for this beneficial adjustment. *3. Repayment for Older Loans:* For borrowers with loans from before 2003, Dr. Lewis provides advice on consolidating loans by April 30 to become eligible for available forgiveness programs. The process of submitting complaints to seek forgiveness for these older loans is discussed, emphasizing the potential for successful outcomes. *4. Establishing a Nonprofit:* Dr. Lewis encourages viewers to consider starting their own nonprofit organizations, especially if they don't currently work for a nonprofit. The step-by-step process includes filing federal and state paperwork, completing PSLF paperwork, and enrolling in an IDR program. The importance of setting up the nonprofit correctly and showing profitability within four years is emphasized, making it an accessible option for many seeking loan forgiveness through PSLF. *5. PSLF Program Updates:* Exciting updates to the PSLF program are shared, including the potential ability to make multiple payments in a month to expedite loan forgiveness. This flexibility aims to help borrowers reach the required 120 payments sooner, leading to quicker loan forgiveness. Dr. Lewis also discusses the possibility of enrolling family members in your nonprofit to maximize the benefits of PSLF. *6. Biden Administration Announcements:* Lastly, Dr. Lewis provides crucial updates on the latest announcements from the Biden administration regarding loan forgiveness. These updates are essential for staying informed about new opportunities and changes in loan forgiveness programs. Dr. Sonia Lewis' expertise and thorough explanations make this master class a valuable resource for anyone navigating the complexities of student loan forgiveness and considering the establishment of a nonprofit organization. Be sure to watch the full video for detailed insights and practical advice. *Subscribe to EYL for more informative and empowering content on finance, education, and entrepreneurship! Don't forget to like, share, and comment with any questions or topics you'd like us to cover in future episodes.* *Follow us on social media for updates and exclusive content:* - Instagram: [@EYL](  / eyl  ) - Twitter: [@EYL](  / eyl  ) *Hashtags:* #StudentLoanForgiveness #Nonprofit #PSLF #BorrowersDefense #IncomeDrivenRepayment #LoanForgiveness #NonprofitOrganization #EYL #Education #Finance #StudentLoans #Scholarships #BidenLoanForgiveness #TheStudentLoanDoctor #EYLU #EYLMasterClass Stay tuned and empower your financial future with EYL! Advertising Inquiries: https://redcircle.com/brands Privacy & Opt-Out: https://redcircle.com/privacy

Welcome back to another exciting clipe of EYL! In this clip, hosts Troy Millings and Rashad Bilal sit down with the legendary songwriter and producer, Bryan-Michael Cox, to uncover the lucrative world of songwriting. 📈 **Earnings from Hit Songs**: Ever wondered how much money you could actually make from writing a top song? Bryan-Michael Cox reveals that a number one hit can generate a minimum of a million dollars on the publishing side alone. The amount varies depending on several factors like publishing deals and splits among songwriters. 🎶 **Top Songwriters and Their Earnings**: We dive into how top songwriters like The-Dream make tens of millions of dollars annually. Bryan explains that working with mega-stars like Beyoncé, although offering less favorable splits, can still be incredibly lucrative due to the massive performance and sales of the songs. 📊 **Metrics Matter**: Even songs that don’t seem to perform well on the surface can generate significant money. Bryan emphasizes the importance of checking metrics, as he does with Cowboy Carter, who performs exceptionally well on digital streaming platforms (DSPs) and various radio formats. 🐝 **Serving the Fanbase**: Bryan discusses how artists like Beyoncé can generate massive revenue by super-serving their dedicated fan bases, regardless of general consumer perception. She creates unique experiences that deeply resonate with her fans, ensuring loyalty and continuous support. 🏆 **Creating Timeless Classics**: Bryan opens up about the challenges and thrills of creating hit songs like Usher's "Burn" and "Confessions, Part II," which many consider some of the greatest R&B records ever. He shares his evolving perspective on competition, focusing now on staying creatively inspired rather than topping past successes. 🎤 **Teaming Up for Hits**: The episode also touches on Bryan’s collaboration with other music icons like Jermaine Dupri and Johntá Austin. Despite their individual pursuits, these music legends still come together to create chart-topping music. ✨ **Tune In**: Whether you're an aspiring songwriter or simply interested in the music industry, this episode is packed with insights that you won't want to miss. Be sure to like, comment, and subscribe for more exclusive content from EYL! #EYL #BryanMichaelCox #Songwriting #MusicIndustry #TheDream #Beyonce #Usher #RNB #MusicProducer #HitSongs #Inspiration #CreativeProcess #Earnings #Royalties #DigitalStreaming #MusicFans #ChartToppers #JermaineDupri #JohntaAustin #DSP #CowboyCarter #Fanbase --- *Timestamps:* 0:00 - Intro 0:06 - Earnings from Number One Hits 0:43 - Top Songwriters' Earnings 1:09 - Working with Beyoncé 1:48 - Song Performance Metrics 2:49 - Serving Dedicated Fanbase 3:26 - Creating Timeless Classics 4:06 - The Creative Process 4:56 - Teamwork in Songwriting 5:33 - Staying Inspired Stay tuned for more insights and behind-the-scenes stories from the music industry! Advertising Inquiries: https://redcircle.com/brands Privacy & Opt-Out: https://redcircle.com/privacy