Student Loan Payments Begin October 2023

The payment pause is over. In October, all borrowers will be required to make payments for the first time in over three years. What should you do?

Prepare for Repayment

Get ready for October with our guide to surviving student loan repayment in 2023. It walks through how to access your loan information, find answers to basic loan questions, and stay up to date on changes to your loans. Whether you’re making your very first payment or resuming payments on old loans, our guide will help you avoid pitfalls and frustration.

Get a Lower Payment

If you can’t afford your monthly payment, we have good news. The federal government offers many ways to reduce your payment amount. Unfortunately, finding the right match isn’t always easy.

Student Connections can help! Lower My Payments is a self-directed guide to identifying a plan that fits your needs. We also offer FREE personal loan counseling. Visit I Need Help for details.

You should also explore the Department of Education’s latest repayment plan. The SAVE Plan offers lower monthly payments and less paperwork. Read this article to see if it’s right for you.

Act Now!

Up to 30 million borrowers will enter repayment in October. This will overwhelm the borrower support system. Hold times will spike dramatically and loan servicer websites may temporarily crash. If you act now, you’ll reduce the time and frustration associated with lowering your payments or answering questions about your loans.