Federal Student Loan Payments Are Now Due!
Over 44 million Americans including your friends, family, and neighbors are feeling the pinch to their pockets right now.
Now that the COVID-19 payment pause has ended, student loan payments have restarted.
The first payment is due this month. And while many were promised they would get their bill, with the payment amount and due date, at least 21 days before the due date. There have been some hiccups along the way. Many of the loans have changed servicers during the pause on repayment and now the students are getting duplicate bills from different servicers.
Others have moved across the country because of remote work and haven’t updated their information online. Some are still hoping for the promised student loan forgiveness to happen and are considering defaulting. While others have jumped on the SAVE plan. According to StudentAid.gov, The SAVE Plan is an IDR plan, so it bases the monthly payment on income and family size.
More elements of SAVE will go into effect in the summer of 2024 and will lower payments even more for borrowers with undergraduate loans. This is not a great idea for those who can actually make their payments as it extends out the repayment for decades. This also means that the interest on the loan will expand exponentially.
Rage Room Now Open In Ocala!
I don’t know about you, but I’ve never felt the need to smash things during an argument. But the idea of a rage room sounds irresistible! Smash Lab of Ocala is now open and operating at 626 S PINE AVE. A lot of individuals have already visited to let loose some aggression on unsuspecting wine glasses, china, and even office equipment. But it looks like this is becoming an office bonding experience as well! If you are interested in 10 or 15 minutes of safe destruction, you can visit their Facebook Page: “Smash Lab of Ocala” to find out more or to book an appointment. I’ll see you there!
