ROCKFORD, Illinois (WIFR) – As the pandemic-related moratorium on student loan payments is lifted and the Biden administration’s plans to write off loans on Capitol Hill are underway, returning thousands for higher education is becoming a top priority for many recent graduates.
This, combined with the stress that comes with finding a job after college, can make the process overwhelming. This often leads people to make money mistakes that can be easily avoided.
Experian’s senior director of consumer education and advocacy, Rod Griffin, spoke to WIFR on Thursday.
“You don’t have to accept all the money the lender says they will give you when you stand in line. So this is the first thing. Take only what you need, or the amount of the loan that you need. But when you leave, make sure you make these payments on time. Because it will get you in more trouble faster than anything else, ”Griffin said.
Copyright 2021 WIFR. All rights reserved.