Can’t Pay Your Student Loans? Don’ Worry— Payments Come With A 1-Year Grace Period

By Jasmine Browley ·Updated August 14, 2023

After a three-year-long pause, federal student loan payments are slated to resume, much to many cash-strapped Americans’ chagrin. Fortunately, the Biden administration is aiming to help alleviate the financial strain with their new repayment plan SAVE, including a one-year grace period for borrowers.

Launched earlier this summer, the Saving on a Valuable Education updated its terms to  Federal Student Aid (FSA) website to

Kimberly Wilson
Author: Kimberly Wilson

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