Student loan payments: How to figure out which repayment plan works for you

Yahoo Finance Video
96,089 次觀看・8 個月前

After a lengthy pause, federal student loan repayments are set to restart in October. National Association of Student Financial Aid Administrators President and CEO Justin Draeger advises borrowers to start coming up with a repayment plan now, don't wait. Though, Draeger notes, "because it is a federal loan program, there's lots of bureaucracy and complexity around it, and it can be difficult to navigate all of the different options and benefits that are available." Draeger advises people to check out the federal loan calculator on studentaid.gov. Draeger also says students can call their loan servicer or their college or university's financial aid office for help.

Click here to watch more of Yahoo Finance's special coverage "Student Loans: Smarter Strategies."