Student loan repayments are resuming on May 5th after a pandemic-related suspension, affecting a significant number of borrowers.
Failure to make payments could result in serious consequences such as wage garnishment and a severely damaged credit history.
The SAVE plan, intended to make repayments more manageable based on income, is currently delayed due to legal complications.
It's essential for borrowers to monitor their StudentAid.gov accounts for updates on their loan status and payment schedules.
