Struggling to pay your student loans? Here are some helpful options

On his first day of office Wednesday, President Joe Biden signed 15 executive orders and two agency actions.

One of those included extended the existing pause on student loan payments and interest for Americans with federal student loans until at least Sept. 30.

Previously, payments were scheduled to resume at the end of the month.

Action News Jax consumer advisor Clark Howard suggests visiting the US Department of Education website and read about how income-based repayment works, if you’re having a rough time making payments because of the pandemic and have experienced job or income loss.

We provided links to available resources below:

• Income-driven repayment plan
• Loan consolidation
• Student loan forgiveness

Cox Media Group