![]() ![]() Any payments you make now will go toward your principal since the interest rate is temporarily 0%. The federal loan “pause” still has a few months to go. Tip 1: Use the federal student loan moratorium to pay down principal. Similarly, if you have a graduate in your life, you can help them prepare. If you’ve grown accustomed to having some extra play in your budget, now’s the time to start preparing so you don’t feel the squeeze when that first payment notice arrives. (Check with your loan servicer about the actual start date.) ![]() 1, and the first payments are due in October. Are you ready? After a series of pandemic-related suspensions, thwarted forgiveness attempts, and court challenges, federal student loan payments are coming back.Īs things stand, interest will start accumulating on federal student loan balances from Sept. ![]()
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