Student loan repayment is resuming. Here's what you need to know

Betsy Mayotte, President of the Institute of Student Loan Advisors, provides expert insights into the resumption of student loan payments after a three-year pause. She breaks down crucial steps for borrowers to prepare, from updating servicer info to understanding diverse repayment plans. Betsy illuminates options for loan forgiveness, especially for public service workers, while clarifying the distinctions between forbearance and deferment. Listeners also learn smart strategies like the avalanche and snowball methods for effective loan management as they navigate this financial terrain.