Preparing for the Return of Student Loan Payments.
TL;DR
Federal student loan payments will resume in October, and borrowers should prepare for the change by locating their loan servicer and ensuring their contact information is up-to-date. Borrowers should also ask about available payment plans, including income-driven repayment plans and deferment or forbearance options. Financial experts advise budgeting and setting money aside each month to avoid financial shock once payments resume.
Topics:nationpersonal-finance#deferment#forbearance#income-driven-repayment#personal-finance#repayment#student-loans
- The student loan challenge: Here's what to do when payments resume ABC News
- Student-Loan Repayments Are Coming Back. Retailers Are in for a Big Shock. The Wall Street Journal
- 'A fighting force': How Americans with crushing debt plan to repay their student loans USA TODAY
- 14 million student-loan borrowers to pay debt to new companies: CFPB Business Insider
- GOP unveils new student loan plan | FOX 5 News FOX 5 Atlanta
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