Student loan payments restart in October — here are changes borrowers can expect
Publishing timestamp: 2023-08-31 14:41:43
Summary
After a three-year pause, millions of Americans with federal student loans will have their first payment due in roughly a month. The lending system has undergone several changes during the pandemic, including transfers of loan servicers and the introduction of the Biden administration's new loan repayment plan. Borrowers may benefit from lower bills and improved loan forgiveness programs. However, interest will continue accruing on the debt, so it is recommended that borrowers start repaying their bills if they can.
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Keywords: personal finance, business news, education, navient corp, personal loans,
Source: https://www.cnbc.com/2023/08/31/student-loan-payments-restart-in-october-four-changes-to-expect.html