Best Tips for Restarting Federal Student Loan Payments in October.

It’s been over three years since many Americans have been required to make payments on their federal student loan debt. Repaying any debt can be overwhelming, and the complex federal student loan system can only add confusion to the process. Here are our best tips for restarting your federal student loan payments in October:

Find the Best Repayment Plan For You:

First, check out our blog post about the different federal student loan plans repayment and learn more about what plan works best for your financial goals.

Automate Your Payments:

Next, we recommend that you set up automatic payments. This ensures that you never miss a due date! You may also be offered a slight interest rate discount for setting up automatic payments. While the Department of Education is providing a 12-month grace period when repayments restart, we generally recommend restarting payments as soon as you are able to. This will not only help you avoid late fees in the future (after the grace period ends), but also knowing that the money is automatically deducted from your account can reduce your stress of remembering to make payments.

Find a Student Loan Partner:

With millions of Americans struggling with overwhelming student loan debt, you most likely know someone who also has student loans. Having someone to share your journey with can make a significant difference. If you feel like you’re struggling to stay motivated or facing financial hardship, don’t hesitate to seek help from a financial advisor or counselor. They can provide expert advice and tailored strategies to keep you on track.

Set Goals and Reward Yourself:

Decide on your goals for student loan repayment: whether that is paying off the loans as soon as possible, finding an affordable repayment plan, or working towards public interest loan forgiveness. Treat yourself when you hit specific milestones or achieve certain goals, because, after all, you deserve it!

Stay Informed:

Educate yourself about your student loans and repayment options. Understanding the impact of interest rates and how various repayment plans work can motivate you to pay off your loans faster or give you financial breathing room with a more affordable payment. Knowledge is power, and it can drive your determination. There are constantly new updates and developments being released in the student loan world.


Remember that the journey to paying off student loans is a marathon, not a sprint. Your goal may be to pay off your debt as soon as possible, or to find a more affordable payment so that you can pay other expenses. Stay committed, celebrate your progress, and keep your eyes on the prize of financial freedom. And as always, be sure to follow us on our socials to get the latest news on student loans!             

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