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Most student loan borrowers aren t ready to resume payments, survey finds

Most student loan borrowers aren t ready to resume payments, survey finds - here s what you can do By Erika Giovanetti article Most college graduates aren t prepared for federal student loan payments to resume, according to a recent survey. Here are three ways it can be easier once forbearance ends. (iStock) Federal student loans are in forbearance until Sept. 30, 2021, and unless President Joe Biden s administration takes further action, millions of borrowers will need to resume making payments on Oct. 1. But the vast majority of college graduates aren t prepared for federal student loan payments to resume, according to a Senate Democrats have called on Biden to cancel up to $50,000 worth of student loan debt per borrower via executive order, but Biden himself has cast doubt upon such robust student loan forgiveness measures. Just over half of respondents (52%) are optimistic about their student loan situation with President Biden in office, the survey found.

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