Technically, student repayments don't start on September 1st. They start 60 days after June 30th, which is technically August 29th. At the earliest, you will need to do this six months after September 1st - February 28th. There are three different repayment plans under the category of fixed payment plans. Your maximum repayment period varies depending on your total loan debt.
#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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