Article Summary: Student Loan Nightmare: The Latest Student Loan Servicing and Forbearance Problems

Key Points:

• The Covid forbearance, which provided a pause on student loan payments and interest accrual, ended in the fall of 2023.
• Many federal student loan borrowers are struggling with the return to repayment after the forbearance period.
• The forbearance period counted towards student loan forgiveness.
• Student loan servicing and forbearance problems have been a common issue.

Hot Take for Physical Therapists:

Physical therapists are not exempt from the challenges posed by student loan debt. The end of the Covid forbearance may have left many physical therapists struggling to manage their student loan payments once again. It’s important for physical therapists to explore their options and consider strategies to alleviate their student loan burden, such as loan forgiveness programs or income-driven repayment plans.

Reference Article https://www.studentloanplanner.com/student-loan-repayment-problems/