Student Loan Borrowers Prepare for Payments to Restart in October

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The pause in student loan payments began while Trump was still president.

Hasn’t there been enough time for planning?During the pandemic, Shanna Hayes and her partner achieved some key financial strides despite both of them getting laid off at different times in the past three years. They paid off both of their cars, reduced their credit card debt, and managed a move from New Hampshire to pricier Washington, D.C.

The Biden administration has laid out several ways to cushion the blow for borrowers as repayments begin, but those efforts may fall short for some.

 

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