4 Key Dates Student Loan Borrowers Should Know in 2024
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This article is part of Money's new-year checklist — a 10-step guide to crushing your financial goals in 2024 (and beyond). For expert tips on how to prepare for tax season, manage your credit card debt and more, read our cover story.
Federal student loan borrowers have faced a seemingly never-ending barrage of changes with their loans over the past few years. Now that payments are back, it’s tempting to tune out and assume everything is business as usual.
But doing so would be costly: There are several key deadlines, benefit programs and potential issues that borrowers need to keep in mind in 2024, says Betsy Mayotte, the president of The Institute of Student Loan Advisors.
Money spoke with Mayotte to determine the biggest student loan developments that are likely coming in 2024 — and what you can do to prepare for them. If you are among the 40 million borrowers with federal student debt, here are the key dates and action items you should add to your 2024 checklist.
1. New employer retirement benefits for student loan borrowers
Date: after Dec. 31, 2023
What’s happening: Thanks to the SECURE Act 2.0, a sprawling retirement-savings reform package that passed at the end of 2022, employers can offer new benefits to workers with student loans and retirement plans.
