Federal student loan repayments are restarting on May 5th after a lengthy pandemic pause, impacting millions of borrowers nationwide.
Many borrowers are now facing consequences for missed payments, including potential wage garnishment and damaged credit scores.
The Biden administration's SAVE plan, designed to link payments to income, remains stalled due to legal challenges.
Borrowers should check their StudentAid.gov accounts for crucial updates regarding their loan status and repayment options.
