The resumption of student loan payments in October 2023 has many borrowers feeling the financial squeeze.
Meet Sarah, a nurse with $50,000 in student loan debt, who's unsure how to make ends meet when payments restart.
John, a teacher with a decade of payments behind him, still grapples with $20,000 in debt, delaying his dreams of homeownership and marriage.
The burden of student loans is a national concern, affecting millions of Americans.
The return of payments is looming large for borrowers like Sarah and John, and they're not alone.
But, what options do borrowers have as they face this financial challenge?
Standard, graduated, and extended repayment plans offer different timelines for settling your loans.
Income-driven repayment plans provide relief by capping monthly payments based on your income.
Consolidating your loans can simplify your financial life and possibly get you a better interest rate.
Navigating the world of student loan repayment options is crucial to ease the burden and secure your financial future.