"Preparing for the Resumption of Student Loan Payments: Tips and Programs to Consider"

Over 14 million Americans will face complications as federal student loan payments resume after a payment pause of over three years. More than four-in-10 borrowers will return to repayment with a new student loan servicer, which could complicate the transition to repayment. Lack of congressional funding for the office of Federal Student Aid (FSA) could limit the resources and programs it can effectively carry out. Additionally, many borrowers are not financially ready to return to monthly student loan payments, with more than one in 13 student loan borrowers currently behind on their other payment obligations.