[BREAKING] 🚨Bad news for student loan borrowers

With the pause on federal student loan payments coming to an end, interest will resume in September, with payments following in October. Still, there are some things you (or a family member) can do to lower monthly payments, such as:

1. Consider refinancing your student loans. Extending your loan term could lower your payments by $250+ a month. Refinancing could also reduce your interest rate, providing you with additional savings. However, it also means giving up federal loan benefits. Make sure refinancing makes sense for your particular situation before making a decision.

2. Explore income-driven repayment plans through your federal loan servicer. If you are a low-income earner, switching to these plans may reduce your monthly payments.

3. Look into a deferment or forbearance plan. If you are struggling to make your payments, you can see what repayment options are offered by your lender.

We’re on a mission to educate as many borrowers as possible before the October deadline — but we need your help. Know anyone else who may be struggling with student loan debt? Share this email with them!

View Money’s Best Student Loan Refinance list to see options with no application fees and flexible terms.

The information provided in this email is for educational purposes only and is not intended as financial advice.