As the Federal Government prepares to restart student loan payments, here are some helpful tips to help you plan.
Most importantly, there is a new SAVE repayment plan that can:
- Significantly lower minimum monthly payments
- Possibly allow forgiveness of remaining balances in 10+ years
- Be easy to put on autopilot to re-enroll in future years
You owe it to yourself to click on this link to check out the SAVE Plan.
In addition, there is a brief guide from NASFAA below that includes the basics. To the right are links to help you explore making payments again and choosing loan repayment options. One link to the right is https://www.StudentAid.Gov, which has a variety of helpful information.