Student Loan Forbearance Period Coming To An End

Episode Transcript

Speaker 1 (00:00):
Everybody I know who's in school right now is working.

Speaker 2 (00:04):
Alice is a student at Emerson telling me about the
student and work life balance. That is so many people
in financial limbo. There are some five million Americans who
are in default on federal student loans, and beginning May fifth,
debt collectors will be activated once again to come get
that cash.

Speaker 3 (00:19):
Now, somebody's got to pay back that debt.

Speaker 2 (00:21):
Unfortunately, Mark is a young professional who says it was
going to happen sometime.

Speaker 3 (00:24):
We should be compassionate towards them, but yeah, it's probably
about time now.

Speaker 2 (00:29):
Tyler goes to Suffolk.

Speaker 4 (00:30):
Man, it is your responsibility. You did take out the
student loans, so I mean you should pay it back
at a time.

Speaker 1 (00:35):
They manager.

Speaker 2 (00:35):
One thing you don't want to do is nothing. Wage
garnishment is on the table. If you don't take action,
go find your loan servicer to start to negotiate a
payback plan on the common Jim McKay WPZ, Boston's news
radio