"Student Loan Payment Freeze Ending: Tips for Preparation and Action"

The three-year pause on student loan payments will end this summer, regardless of the Supreme Court's decision on the White House plan to forgive billions of dollars in student loan debt. Borrowers are advised to prepare for payments to restart by using loan-simulator tools to find a payment plan that best fits their needs. Income-driven repayment plans are available for borrowers who need affordable monthly payments based on their income and family size. Borrowers who can't pay may qualify for deferment or forbearance, but interest still accrues during these periods. Payment plans are always available, and borrowers are encouraged to speak with a mentor or financial advisor to educate themselves about their options.