President Biden will visit the Big Bend area of Florida today, surveying damage from Idalia and meeting with FEMA and disaster relief workers. In other D.C. news, starting today, interest will begin accruing again on your federal student loan balances and then you’ll have to make your first debt repayments in October. This comes after a three and half year pandemic pause on repayments and interest. According to the New York Federal Reserve, nearly 44 million Americans held student loans valued at more than $1.6 trillion at the end of March. Financial experts say it may be tempting to push off payments but they’re urging borrowers to get prepared now. We break down what you need to know about federal student loans resuming soon.
