Student loan payments are set to restart in 2023. Here's how borrowers should prepare.

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The reality for millions of former students who wrapped up, or quit, college in 2020 is that their experience of having never made a student loan payment will come to an end in a matter of months.

College fail: Student loan debt skyrockets

that is expected to further reduce student loan bills. Though reduced payments are easier for borrowers to manage, they often don’t cover the interest still accumulating on the loans. Biden has said the new plan will subsidize those interest costs. Madison Sasser, 23, hasn't had to make any payments on her loans since graduating with a degree in political science from the University of South Florida in late 2020.Earning her degree already felt like an accomplishment: Neither of Sasser's parents graduated from college, and she knew from an early age she wanted a degree to secure a well-paying job.

Fink, who lives in Arizona, expects he and his wife will be able to make student loan payments without too much effort once the freeze finally lifts, but he questioned if it was worth borrowing at all to attend college.

 

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Damn, wish I had gotten that long to avoid all my loan payments.

That's what a loan is. You agreed to borrow money and pay it back. Though Gov't resetting all interest to 0% would be fine.

Accountability 101

Pay your own bills!

Excellent, you borrowed you pay it back. If you spent your time studying something useless or just getting woke….that’s your problem. No stealing from the taxpayer.

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