If You Don’t Pay Your Student Loans, Here’s What Happens

If you have federal student loans, you know payments are due again after a three-year hiatus. Interest is also accruing on federal student loans after being fixed at 0% for more than three years, and not every borrower is happy about it, either.

Not having federal student loan payments since early 2020 has been a financial lifesaver for people who have experienced a drop in income and other financial hardships. Other people have just become accustomed to not making student loan payments and have started to spend that money elsewhere.