Resources to help you understand and manage your student loans

 

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Center for American Progress

Higher Education Policy

 

Hi John,

Given that 1 in 3 young people have student debt, it's likely that you (or someone you know) are struggling with student loans. We know that managing your student loan debt can be extremely difficult and confusing. Luckily, the experts at the Center for American Progress just published a resource that can shed some light on the topic.

Students wear their graduation gowns outside of the White House in Washington, D.C., on May 18, 2022. (Getty/AFP/Stefani Reynolds)

Too many borrowers report feeling hopeless when it comes to their student debt; it doesn't have to be that way. There are some federal programs designed to help you reach the light at the end of the tunnel. The problem is: they're often too confusing to navigate without help. Timeline: Federal Student Loans During the COVID-19 Pandemic catches you up on everything that has happened with federal student loans the past couple years, and lets you know what to expect next.

The piece documents the recent updates that are likely to impact what you can do to get yourself to the finish line and out of debt. It also links to specific resources and FAQs for different loan programs. For example, if you fall into any of these categories, go check out the piece:
  • Work in public service
  • Attended a for-profit college that lied to you about your education or loans
  • Can't afford your current loan payments
  • Defaulted on your loans
Next step: share this with a friend who also has student loans.
 
 

In solidarity,

 
Ella Azoulay
Policy & Outreach Specialist, Higher Education Policy
Center for American Progress

 

 

PS: Looking for more info about student debt cancellation? Look no further! Check out 5 Things to Know About Student Debt Cancellation and After President Biden Cancels Student Debt to learn more about what policymakers need to do next to fully address the student debt crisis.

 

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