Hey there! Have you ever heard of student loans? They’re money that college students borrow to help pay for their education. 📚
During the COVID-19 pandemic, the U.S. government gave a special break to student loan borrowers. Starting in March 2020, people didn’t have to make payments, and no interest was added. This helped lots of students and graduates during a tough time. 💪
But now, things are changing! Starting this month, people have to start paying back their student loans again. That means millions of students and graduates need to start making their monthly payments. 💵
Why is this happening? Well, the government paused payments to help during the pandemic, but now they feel it’s time to restart them. This means if someone has a student loan, they need to check their loan details and figure out how much they need to pay each month. 📝
But don’t worry! There are lots of resources to help. If someone is having trouble paying, they can talk to their loan servicer about different repayment options. It’s important to stay informed and ask for help if needed. 🤝
So, if you or someone you know has a student loan, make sure to get ready for this change. It’s always good to plan ahead! And for those of you dreaming about college in the future, it’s a good idea to learn about how student loans work. Knowledge is power! 🎓
Stay smart and keep learning! ✨
Reference(s):
cgtn.com
