Missourians Urged To Prepare Monthly Budgets For Federal Student Loan Repayments

(Missouri Net) Millions of Americans are preparing to pay back their federal student loans this fall. After a three-year hold, some Missourians will need to tighten their belt and readjust their budgets accordingly.

Brian Walsh is a Certified Financial Planner at SoFi, who has some key tips for student loan borrowers.

There are options to lower the monthly payments. They include refinancing or extending the term of your loan. Interest will resume on September 1 and payments will be due starting in October.