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June 4, 2023By Paula Pant

#444: Student Loan Payments Restart Soon: What to Expect

Photo of Paula Pant in white dress on teal backgroundThe student loan pause is coming to an end.

A moratorium on student loan repayments has been in place since the start of the pandemic, but starting Sept. 1st, millions of borrowers will be required to start making payments on their loans again.

What does this mean for borrowers? In this episode, we’ll discuss what borrowers can do to prepare, including an in-depth look at the variety of repayment plan options.

We’ll also talk (in general terms) about how to handle ANY surprise new monthly bill – whether it’s a medical bill, a family member who needs ongoing financial help, or a student loan repayment that’s about to restart.

Sources and Resources Mentioned:

New Debt Ceiling Deal Will Require Student Loan Payments to Restart Soon 
(Bloomberg News, May 30, 2023)

As the Student Loan Payment Pause Ends, Here’s What to Know 
(The New York Times, June 1, 2023)

Why America Keeps Delaying Student Loan Repayments 
(The Economist, April 16, 2022)

StudentAid.gov:

  • Standard Plan
  • Graduated Plan
  • Extended Plan

StudentAid.gov Repayment Strategy Calculator

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#445: Boldly Unemployed: Embracing Entrepreneurship, with Steve Chou
Next Newer Episode »
#443: Building Your Dream Business, with Amy Porterfield
Next Older Episode »

Posted in: Debt, Episodes, FIRETagged in: debt, debt freedom, debt payoff, student loans

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Afford Anything

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