After a three-year pause on payments, repeated extensions and the rejection of President Biden’s debt cancellation plan by the Supreme Court, loan servicers and borrowers have a lot to do to prepare, writes Julia Carpenter. Loans started accruing interest again September 1st. Carpenter offers preparation guidance and options for consideration.
Source: Wall Street Journal, August 31, 2023. Link.
INSIGHTS: Veterinary students’ loan debt remains one of the top concerns for the animal health industry. The financial stress of adjusting budgets to restart payments will undoubtedly be a contributing stress factor for veterinary teams for the foreseeable future.