Student Loan Payments Are Back—Here’s What to Know
Federal Student Loan payments resumed on May 5th for nearly 2 million borrowers who were moved into repayment plans. This was particularly jarring since most weren't making payments under the Biden administration. Collections also began for loans that are in default. We've heard that many loan servicers have yet to begin collecting.
What you need to do:
Log into your student loan account
Contact your loan servicer to confirm your status
Begin making payments to avoid penalties or credit issues
For insight on proposed changes that could simplify repayment plans under the proposed “One, Big, Beautiful Bill,” check out this podcast: