There’s a lot happening in the world of student loans right now and for many borrowers, that means a lot of uncertainty. Whether it’s changes to repayment plans, delays in processing, or just trying to figure out what your monthly payment will be, it’s easy to feel overwhelmed. Student loan anxiety is real, and it can quickly impact your overall financial wellness.
If you’re feeling the pressure, you’re not alone. The good news? There are a few practical steps you can take to regain a sense of control and reduce financial stress. Here are three focus areas to help you navigate this season with more confidence and clarity.
1. Control What You Can
When things feel uncertain, it helps to focus on what’s within your control. Start by tracking your monthly expenses. Take a close look at where your money is going—then identify areas where you can cut back. Even small changes can make a big difference.
Once you’ve reviewed your spending, you’ll have a clearer picture of how much money you have left at the end of the month. That leftover amount is what you can potentially put toward your student loan payment—whether you’re starting repayment for the first time or resuming after a pause.
2. Avoid Taking On New Expenses
After reviewing your current spending, try to avoid adding new financial obligations. That means holding off on new credit cards, loans, or even subscription services that aren’t essential. With so much still up in the air—especially around repayment timelines and program changes—keeping your budget as flexible as possible is key.
By reducing unnecessary expenses and avoiding new ones, you’ll create more breathing room in your budget. That way, when your student loan payments do resume, you’ll be in a better position to manage them without added financial strain.
3. Practice Patience and Grace
Finally, give yourself some grace. Student loan processing delays and policy changes can be frustrating, but they’re often out of your hands. What is in your hands is how you respond. Celebrate the progress you’re making—whether that’s sticking to a budget, building an emergency fund, or simply staying informed.
Financial wellness is a journey, and every step forward counts. Be patient with the process and kind to yourself along the way. These small steps can help reduce anxiety and give you more confidence as repayment resumes. And if your student loan anxiety is worsened by high-interest credit card debt, our Debt Management Program can help you regain control and reduce overall financial stress.
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