Student loan repayments begin Oct. 1, exploring pay back options [Video]

MONROE, La. (KNOE) – Student loan borrowers have a little less than a week before it’s time to pay back their student loans on Oct. 1, 2023.

It’s been a few years since student loan borrowers have had to pay back those loans. KNOE reporter Kenya Ross spoke to a local financial group about how people can regain their confidence when it comes to getting back in the habit of making payments.

“I think the first thing someone should do is explore all options available and educate themselves on those options,” said financial advisor, Jordan Smith, with Oglesby Financial Group in Monroe.

According to BestColleges, more than 600,000 borrowers were eligible for the federal student debt relief program in Louisiana.

“Studentaid.gov has a lot of great options out there. For an example, the SAVE plan – S-A-V-E; it can help make your monthly payments way more manageable. They’ll go based on your income and your …