Nearly 44 million Americans have student loans totaling more than $1.6 trillion, according to the New York Federal Reserve.
"About 44% of servicers that usually take care of these loans have changed since then," DeVincentis said. "People that have these loans need to go figure out who these servicers are. Get in touch with them to learn about their repayment expectations and then start to budget how they're going to do this in October."
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