Ways to Prepare for Student Loan Repayments

Our weekly #CreditChat started in 2012 to help our community learn about credit and important personal finance topics (e.g. saving money, paying down debt, improving credit scores). Each chat is hosted by @Experian on Twitter and all are welcome to participate. DM us any questions.

The student loan repayment suspension was extended until May 2022, but this chat will explain why it’s important to plan ahead, and we’ll discuss the benefits of starting your payments now (if you are able to).

Topic: Ways to Prepare for Student Loan Repayments

When: Wednesday, January 19, 2022 at 3 p.m. ET.

Where: Join the live hashtag discussion.

The panel will include Leslie H. Tayne, Esq: Founder and Managing Director of Tayne Law Group, P.C. (f/k/a The Law Offices of Leslie H. Tayne, P.C.); Beverly HarzogCredit Card Expert and Consumer Finance Analyst for U.S. News; Lawrence D. Sprung: CFP® President of Mitlin Financial, Inc.; Rod Griffin: Senior Director, Consumer Education and Advocacy, Experian and Christina Roman: Consumer Education and Advocacy Manager at Experian.

Gift Card Giveaway

Enter here for a chance to win a $50 Amazon gift card! We will be announcing a winner at the end of the chat. Entry Period: Raffle open now and closes at the end of this chat at 4 p.m. ET. Complete rules here.

  1. What does it mean if your student loan is in forbearance? 
  2. How do you find out if your student loans are in forbearance?  
  3. What happens when a student loan forbearance ends? 
  4. How may your repayment requirements change after your student loan is in forbearance?  
  5. What’s the difference between Federal student loans and private student loans?  
  6. What are some repayment options if you are unsure that you can afford your monthly payments when they resume? 
  7. How can you budget now for payments to begin again soon? 
  8. How will not paying your student loans impact your credit report and credit scores? 
  9. Are there benefits to paying your student loans while they are in forbearance? 
  10. Any final tips for those preparing for student loan repayments?  

Check out our complete list of upcoming personal finance Twitter chats here.

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