Preparing for the Return of Student Loan Payments.

Federal student loan payments will resume in October, and borrowers should prepare for the change by locating their loan servicer and ensuring their contact information is up-to-date. Borrowers should also ask about available payment plans, including income-driven repayment plans and deferment or forbearance options. Financial experts advise budgeting and setting money aside each month to avoid financial shock once payments resume.