Steps to Take to Prepare for the Student Loan Repayment Restart

The sun is setting on the student loan payment pause. On September 1, 2023, interest will once again start accruing on your student loans. Payments will restart sometime in October.

It’s been a hot minute since many people’s budgets have included student loan payments, and for some, their budgets have never seen a student loan payment. No matter your situation, preparations need to be made to make sure you can make payments without a negative impact on your finances and quality of life.

In this episode, I’m going over the steps you should take to prepare.

Prepare for the Student Loan Repayment Restart Episode Details

 

  • What the student loan repayment restart is
  • How the student loan repayment pause started
  • What type of loans apply
  • Steps you can take to prepare your finances for the restart of payments

 

Related podcast: Financial Readiness for Service Members and Their Families

 

Prepare for the Student Loan Repayment Restart Resources

 

Related: How to Get a Free Financial Counselor

 

Military Money Show Sponsor

The Military Money Show is supported by Navy Federal Credit Union. Navy Fed is helping military members and their families tackle homeownership
during these high-interest rate times with their new no-refi rate drop. The way it works is if you buy a home now and mortgage rates drop later, you could lower your rate by paying a low fee instead of refinancing and paying thousands in closing costs. You can learn more at navyfederal.org.

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Passes for MilMoneyCon24 are now on sale! April 25-27, 2024, MilMoneyCon will be held in Denver, CO, at the Westin Downtown. Whether you’re a seasoned financial professional or just starting out, MilMoneyCon is a great place to get connected to the community, grow your career or business, and continue your education. You can go to MilMoneyCon.com to get your pass today.

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Disclosure

These notes may contain links to our affiliate products or services, which means I might get compensation when you click or buy. That said, I will only put affiliate links that align with our podcast discussion.

If you want to “kickstart” your finances in the military, you can get access to my free Financial Kickstart Kit here.

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