Student Loans are Due October 2nd — What You Should Do?
Please be advised that this is an updated and revised article from:
What Are You Gonna Do When Your Student Loans Are Due?
A few tips and resources to help you prepare for repayment
Student loans are due October 2, 2023, so what should you do? Here are a few tips and resources to help you. I’ve been writing about student debt since 2019 because this is a serious financial burden for me.
In my previous articles about student loan forgiveness, millions of Americans had to face the harsh reality that student loans were not being “reduced or canceled as promised, so if you’re like me…[this] means our student loans are now due. As I stated in my first article, New Student Loan Forgiveness Changes Still Misses The Mark For Millions With Covid Cash Woes I’m still recovering from Covid and not working full time. Therefore, my $93,000 student loan debt is another bill that I simply can’t afford…”
Rent and COVID-related medical expenses are my biggest debts.
Unfortunately, like most Americans — if something doesn’t change my student loan debt will literally follow me to my grave. In the meantime, I’m staying on top of the latest information to help myself and others. (Medium, 2022)
Don’t panic — information is power. Get informed and organized — there are a lot of moving parts and the scams have already started so the more you know about your student loans — the better. Remember every person’s situation is different.
Tip #1 Confirm your total debt and loan holders at Studentaid.gov
If your loans were handled by FedLoan Servicing, The US Department of Education may have transferred them to another company like MOHELA, Missouri Higher Education Loan Authority. Nerdwallet.com says that MOHELA is “a…