If you use TD, you need to be bond savy, or willing to educate yourself. I say this because you can get into trouble if you are not crystal clear on how the debt instruments work.

The TD website also requires that you commit time, repetitively, to gain familiarity and comfort with it. I compare it to a more complicated online bank webpage. Once you spend the time to learn it, things are straightforward. If you don’t have patience to learn, then bank CD’s and High Yield Savings Accounts may be the better option for you.

Some of the nice things with TD, for someone that holds a lot of cash reserves are;
1 – You do not have to worry about FDIC coverage for your account. Your bank is the US Treasury.
2 – You can sit comfortably that you are getting the best return (short term t-bills) for the lowest risk (US backed) in a cash instrument.

Great Article.

You can use the app for mobile check deposit, or you can mail it in.

The statutory authority for Public Service Loan Forgiveness (PSLF) is clear, at 20 USC 1087e(m). Likewise, for ICR, IBR and PAYE. The regulations implemented PAYE early, before the 2014 effective date, but we are past that now. So, it would be very odd for the court to find any way to invalidate these programs. Most likely the appeals court will rule soon, and then the case will be taken to the U.S. Supreme Court either way. ED won’t make any moves because that would jeopardize their claim that the lawsuit harms borrowers, though it also sets up a sharp contrast between Democrats and Republicans ahead of the election.

The main risk is that former President Trump opposes PSLF, as does Project 2025. But, since PSLF is enacted in statute, it won’t happen if there is split control of Congress. Moreover, any changes are likely to apply only to new borrowers.

If you are concerned about this, you have a few options:

• Submit an application to switch into another income-driven repayment plan. That will take 90 days, but then you’d be able to complete PSLF with a slightly higher monthly payment.
• See if you can qualify for the economic hardship deferment, which should qualify for PSLF. See https://studentaid.gov/manage-loans/forgiveness-cancellation/public-service
• Switch into standard ten-year repayment, which counts toward PSLF.