October will usher in the resumption of federal student loan payments for tens of millions of people. Here’s what to know to help ease the transition.
, bowed out of their federal contracts and transferred accounts to other companies. That means the servicer you had at the beginning of the pandemic may not be the same one handling your loans now. You can also identify your servicer by contacting the Federal Student Aid Information Center.
While the Supreme Court struck down Biden’s plan to cancel up to $20,000 in debt for many borrowers, there are a host of other programs that may forgive loans for certain borrowers. The federal government, states and the private sector have programs that will erase some, if not all, education debt held by borrowers based on where they work and for how long.
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