The 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:
StudentAid.gov Repayment Strategy Calculator
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