"About 44 million Americans with student debt must soon start repaying their student loans, a change that could impose a financial strain on many households after a three and a half year hiatus. Interest will start accruing on education loans on Friday, with payments set to resume in October," CBS News reports.
..."How can I find my loan interest rate and amount due?
Log into your account with your servicer — your servicer will tell you how much you owe and the date the payment is due, according to the National Association of Student Financial Aid Administrators.
'Make note of this information to ensure you either proactively make a payment by the deadline, or are prepared for the funds to be drawn down by auto debit,' according to the nonprofit, which represents financial aid professionals at colleges and universities."
NASFAA's "Notable Headlines" section highlights media coverage of financial aid to help members stay up to date with the latest news. Articles included under the notable headlines section are not written by NASFAA, but rather by external sources. Inclusion in Today's News does not imply endorsement of the material or guarantee the accuracy of information presented.
Publication Date: 8/28/2023