The government has just reached a deal in which it is less likely that there will be cancellation. Many borrowers may make the mistake of assuming that they're just going to pick up where they left off. Your finances, your income, your net worth, your other debts might look completely different today than it did in March of 2020 at the beginning of the pandemic.
#444: 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.
For a list of Sources and Resources mentioned in the show, go to https://affordanything.com/episode444
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