. “If you have a payment due in early October, you should still be gearing up to make it. Many borrowers are wondering if the drama will buy them more time, but I don’t think that’s the case.”
“The system is automated, but it is managed by government employees,” he said. “So if, for example, the website shuts down, it will be very hard to deal with that.” saying that “key activities at Federal Student Aid will continue for a couple of weeks” amid a shutdown but, if prolonged, the event “could substantially disrupt the return to repayment effort and long-term servicing support for borrowers.”Don’t panic: There are a number of payback programs available to borrowers that take into consideration a variety of factors, including a person’s salary, spending preferences, lifestyle and more.
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