Student Loans Resuming 😱
Don’t get caught up in student loan drama! 🫣 Did you know that your student loans could take your entire tax refund if not properly handled⁉️
You may avoid this by forbearing, deferring and or applying for a repayment plan on your loans.
Because of legislation passed by Congress, the student loan payment pause is ending. Interest resumes on Sept. 1, and payments are due in October. Borrowers can lower their payments, even to $0, by enrolling in the new SAVE Plan.
Apply for the SAVE Plan
The SAVE Plan provides the lowest monthly payments of any IDR plan available to nearly all student borrowers. This program is based off your family size and financial circumstances.
Explore Income-Driven Repayment Plans
FAQ 🤔
What is a FORBEARANCE?
With a loan forbearance, you can stop making payments or reduce your monthly payments for up to 12 months.What is a DEFERMENT?
With a loan deferment, you can temporarily stop making payments.
⚠️ Loan interest can accrue (build up) while your loan is in deferment or forbearance, you may want to explore other repayment plans first.
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