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WEKU
WEKU
Cory Turner

How new borrowers can prepare for their first student loan payment

A Spelman College graduate waves during the school's 2023 commencement ceremony on May 21. Recent college graduates are due to make their first student loan payments in the coming weeks. (Paras Griffin/Getty Images)

Roughly 7 million federal student loan borrowers are new enough to the system that they have never had to make a payment on their loans. That changes in October, when loan payments come due after a years-long pandemic pause, and these brand new borrowers take the first steps of a long journey toward paying off their debt.

Those first steps can feel intimidating – but we're here to help. Here's what new borrowers should know in the lead up to October:

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