Jazz88.FM — As federal student loan debt payments resume, what does it mean for Minnesotans?
Payments on federal student loans resumed in October after a 3-year pause. More than 800,000 people in the state of Minnesota have federal student loan debt. That debt, combined with state and private loans, according to the Minnesota Office of Higher Education, has made the median loan for student borrowers in Minnesota nearly $24,000. Jazz88’s Peter Solomon spoke with Kim Miller, financial counselor at LSS Financial Counseling, about what borrowers can do to become informed about loan servicers, repayment options, getting out of default, and where to obtain free financial counseling.