Student Loan Payments Will Resume Very Soon. 4 Ways to Prepare.
The student loan repayment pause has been extended multiple times, but the recent debt ceiling deal could turn the tide. If the deal is approved and becomes law, the pause on student loan payments would "cease to be effective" 60 days after the end of this month and repayments would restart by the end of the summer.
This week, the U.S. House of Representatives passed the debt ceiling bill, getting us one step closer to a decision. This is in line with the Biden administration's previous announcement to restart student loan repayments either 60 days after June 30, 2023 or upon a decision by the U.S. Supreme Court on Biden's student loan debt cancellation plan, depending on which event occurs first.
Because there are so many moving pieces, it's important to plan ahead to avoid financial stress later. We've nailed down four moves you can make right now to make room for a stress-free summer.
Source Fool.com
