If you have student loans, the first thing that you want to do is reassess all of these different repayment plans. There are calculators online that can help you figure out what some of the switching costs might be. If you were on an automatic payment plan prior to the pandemic, you need to opt back in. Your payments are not going to automatically restart.
#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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