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Make a Plan Now for When Student Loan Forbearance Comes to an End

Make a Plan Now for When Student Loan Forbearance Comes to an End

All good things must come to an end – and that applies to the upcoming end of federal student loan payment relief measures, which paused federal student loan debt collection and reduced interest rates on federal student loans to 0% during the moratorium.? For those with government-held loans, the relief options provided a record-long “breather.” Now it’s time to take steps after the relief programs end. Borrowers should be ready to make student loan payments, even as policy makers discuss further extensions in the face of an increased number of borrowers becoming delinquent or defaulting on their loans. Listed here are steps to move forward as protections end. Step 1: Take Inventory How’s your memory after the longest payment freeze of federal student debt in history? As a first step, take...

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