Right now, 8 million borrowers have their student loan payments on hold due to the legal challenges of the Biden administration-led Saving on a Valuable Education relief plan. But that’s not the case for millions of additional borrowers squeezing their monthly student loan payments into their budget during the holidays.
This time of year can add up quickly — especially if there’s the expectation among family members that you’ll give memorable gifts to everyone. The pressure can push you to overspend and delay paying certain bills that you know will be around after the holidays and beyond.
As a student loan expert, I never recommend letting nonessential spending put you in a bad financial situation for months or years. But I also know that accidents happen. If you’re worried about affording the holidays and your student loan payments, here are some tips to prioritize both and what to do if your payments fall behind.
- 8 milhões de mutuários têm suas prestações de empréstimo estudantil suspensas devido a desafios legais do plano de auxílio Saving on a Valuable Education liderado pela administração Biden.
- Evite não essencial gastos para não se colocar em uma situação financeira ruim a longo prazo.
- Se as suas prestações de empréstimo estudantil estão acima do valor que pode pagar, verifique os planos de pagamento baseados na renda.