Advice for borrowers of student loans
GREEN BAY (NBC 26) — Under the CARES Act, borrowers of federal student loans don’t need to make payments for the next several months.Wisconsin Department of Financial Institutions Secretary Kathy Blumenfeld said that forbearance period is a good time for graduates to analyze their financial situation. College graduates share frustrations of finding work“It’s a really good time to reflect,” she said. “I call it kind of financial hygiene to really take a look at your financial position right now. The first and foremost is to understand what kind of loan that you’re in.” Perspective from two UW-Green Bay students.