Navigating the return of federal student loan payments in 2023

This information is made available to Johns Hopkins employees through a partnership with Marsh McLennan Agency.

The JHU Office of Benefits & Worklife partners with Marsh McLennan Agency to bring employees a wealth of financial well-being resources. To fully access the educational student loan information on the MMA Prosperwise portal, all you need is your JHED ID to sign up for your free account.

For help navigating the return of federal student loan payments, start with the resources detailed below: a comprehensive article, an 18-minute course, and a toolkit to help track and organize your student loans and repayments. You can also schedule a free consultation with an MMA financial professional who can address your specific concerns.

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After more than three years of no required payments, the federal student loan payment pause is coming to an end in August. This means that federal student loan interest will start accruing on Sept. 1, and payments will resume in October.

With payments resuming soon, it's important to know your repayment options. Or if you've never made a payment, you may be curious about when your first one is due and to whom you will be making it. Or maybe you want to start making payments now to take advantage of zero interest while you can.

MMA has compiled a list of student loan repayment resources that answer questions about multiple situations and will help you get started.

Take a quick course on repaying your student loans

Starting with the basics, this 18-minute course will explain the tools available to you as a student loan borrower and the many repayment plans in place to suit a variety of financial needs. You also will learn strategies and methods for making the repayment process easier, including a few opportunities when debt might be alleviated. Finally, the course tackles the common fear of what might happen if you are unable to repay your loans and offers guidance about proactive measures you can take to prevent student loan default.

Use the student loan snapshot tool

Borrow smarter, track all your student loans in one place on the MMA Prosperwise portal (in five or fewer minutes), and compare repayment options. This student loan snapshot tool will help you quickly sync your real student loans so MMA can provide personalized repayment projections.

Schedule a free MMA consultation

As a JHU employee you may schedule a free consultation to speak to a financial professional from Marsh McLennan Agency to further discuss the student loan changes or regarding any questions that are specific to your individual financial needs.

Note: Financial aid terms, including limits, eligibility, interest rates, and repayment options, are regulated by the U.S. Department of Education and are subject to change. For the most recent information and updates, consult the Federal Student Aid Office of the U.S. Department of Education website. MMA Prosperwise content is for informational purposes only and is not intended as legal, tax, or financial advice.