Financial experts say there are steps that you can take now to prepare for the aftermath of the court’s decision.
First, determine which company is servicing your federal loan or loans so you’ll know whom to pay if and when the time comes. Jaylon Herbin, director of federal campaigns for the Center for Responsible Lending, said there has been a lot of turnover among loan servicers in the nearly three years since borrowers were last required to make a payment.
