Student loan payments resume in October | Here's what you need to know

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For nearly 7 million federal student loan borrowers, next month will be their first time making a student loan payment.

CBS 8 is Working for You so if you're a borrower, you won't have to spend your days on hold trying to get answers about repaying student loans.

“Go back and find your last statement, find your emails, it's entirely possible that your servicer has changed as well,” said Kurdian.“There are things might be a little bit easier for student loan repayment than they were before COVID,” said Kitchen, Lending Tree Senior Managing Editor. Those zero payments count toward total loan forgiveness which kicks in at anywhere from ten to 25 years depending on the type of loan and loan amount.

 

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