Last updated 7/17/23
MSA Money Coaches provide thousands of financial consultations each month to members from all different walks of life. Our Trending Topics segment is compiled from current financial news and an analysis of the needs and goals represented by our members each month.
After more than three years of federal student loan payments being deferred, borrowers are expected to begin payments in October. In this segment, Money Coaches discuss important steps to take now to avoid confusion or mistakes with respect to validating the organization that is servicing your loan and the amount of your payment. There is also a new income-driven repayment plan and a Fresh Start Program for anyone that had loans in default. Coaches also discuss reviewing household budgets and adjusting spending to make room for student loan payments.
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Information provided in this post is for informational purposes only and is not intended to offer specific personalized investment, financial planning, tax, legal, or accounting advice. We recommend that you consult an attorney, tax advisor, or accountant regarding your unique circumstances.
If you’re stressed about market volatility, open enrollment decisions, or the financial strain of the holiday season, tune in to this Trending Topics segment.