• Home
  • News
  • Personal Finance
    • Savings
    • Banking
    • Mortgage
    • Retirement
    • Taxes
    • Wealth
  • Make Money
  • Budgeting
  • Burrow
  • Investing
  • Credit Cards
  • Loans

Subscribe to Updates

Get the latest finance news and updates directly to your inbox.

Top News

The Hidden Tax On Success With Chris Guillebeau

August 4, 2025

4 Florida Towns That Are Proving to Be Hurricane-Proof

August 4, 2025

Six Figures, Seven Figures? What You Need to Earn to Join the 1%

August 4, 2025
Facebook Twitter Instagram
Trending
  • The Hidden Tax On Success With Chris Guillebeau
  • 4 Florida Towns That Are Proving to Be Hurricane-Proof
  • Six Figures, Seven Figures? What You Need to Earn to Join the 1%
  • A Founder’s Guide to Building a Real AI Strategy
  • Tell Your Story and Share Your Strategies with the $49 Youbooks Tool
  • 4 Easy Ways to Build a Team-First Culture — and How It Makes Your Business Better
  • Stop Duct-Taping Your Tech Stack Together: This All-in-One Tool Is Hundreds of Dollars Off
  • Actions To Consider For Your IRA Before The Year Ends
Monday, August 4
Facebook Twitter Instagram
iSafeSpend
Subscribe For Alerts
  • Home
  • News
  • Personal Finance
    • Savings
    • Banking
    • Mortgage
    • Retirement
    • Taxes
    • Wealth
  • Make Money
  • Budgeting
  • Burrow
  • Investing
  • Credit Cards
  • Loans
iSafeSpend
Home » Personal finance expert explains how to prepare for the end of the federal student loan pause
Personal Finance

Personal finance expert explains how to prepare for the end of the federal student loan pause

News RoomBy News RoomAugust 13, 20230 Views0
Facebook Twitter Pinterest LinkedIn WhatsApp Reddit Email Tumblr Telegram

Americans are concerned about student loan debt and how they are going to pay for it. 

“October is coming,” personal finance expert Dave Ramsey warned about the restart of student loan payments on “Fox & Friends,” Thursday. “I’m sorry. It’s hard, but you’re going to have to face this.”

For more than three years, federal student loan borrowers have not had to make monthly payments. But that pandemic-era pause is coming to an end this fall, setting up a financial shock for millions of Americans. 

Ramsey addressed how borrowers can prepare for the end of the payment pause as they grapple with inflation.  

BIDEN STUDENT LOAN CANCELLATION PLAN FOR BORROWERS WHO WERE MISLED BLOCKED BY FEDERAL APPEALS COURT

He began by offering advice that his father once shared with him.  

“You know, my daddy used to say 90% of solving a problem is realizing there is one,” he said. “Becoming problem aware is a big deal.”

And despite economic hardships, the payments need to be made, he stressed. 

“I’m sorry. You’ve got to face this,” he stressed. “Children do what feels good. Adults devise a plan and follow it.”

Noting a “symptom” of constant spending, Ramsey pointed out that Americans are pulling from the 401(K)s to handle expenses in addition to collectively racking up trillions in credit card debt. 

“All of these things are converging, but they’re really the symptom of people saying, hey, I am going to continue to spend like I always have, but my life has changed.” 

He reiterated that people have to “face this reality” or they will “make it worse.”

“You can’t keep pushing the Amazon Prime button like a monkey on crack and this thing going to not fall apart on you. It’s a problem,” he added. 

STUDENT LOAN BORROWERS TOOK ON NEW DEBT DURING PAYMENT PAUSE: REPORT

The “Ramsey Show” host then explained how one can cut spending. 

“We’ve got to address where we are. Sit down and look at exactly what is going on in a detailed budget and say, all right, we’re going to list out these student loans.” 

He also suggested getting on a detailed plan, listing your smallest to largest debts and tackling them in order. 

“The calvary’s not coming. You got to do it for yourself, folks,”Ramsey said. “That’s the only way it works.” 

FOX Business’ Megan Henney contributed to this report. 

Read the full article here

Featured
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Articles

The Hidden Tax On Success With Chris Guillebeau

Retirement August 4, 2025

4 Florida Towns That Are Proving to Be Hurricane-Proof

Burrow August 4, 2025

Six Figures, Seven Figures? What You Need to Earn to Join the 1%

Make Money August 4, 2025

A Founder’s Guide to Building a Real AI Strategy

Make Money August 3, 2025

Tell Your Story and Share Your Strategies with the $49 Youbooks Tool

Investing August 3, 2025

4 Easy Ways to Build a Team-First Culture — and How It Makes Your Business Better

Make Money August 3, 2025
Add A Comment

Leave A Reply Cancel Reply

Demo
Top News

4 Florida Towns That Are Proving to Be Hurricane-Proof

August 4, 20250 Views

Six Figures, Seven Figures? What You Need to Earn to Join the 1%

August 4, 20250 Views

A Founder’s Guide to Building a Real AI Strategy

August 3, 20250 Views

Tell Your Story and Share Your Strategies with the $49 Youbooks Tool

August 3, 20250 Views
Don't Miss

4 Easy Ways to Build a Team-First Culture — and How It Makes Your Business Better

By News RoomAugust 3, 2025

Entrepreneur At the end of the day, a boutique law firm is a small business,…

Stop Duct-Taping Your Tech Stack Together: This All-in-One Tool Is Hundreds of Dollars Off

August 3, 2025

Actions To Consider For Your IRA Before The Year Ends

August 3, 2025

6 Lush, Hearty Grasses That Are Perfect for Bare Feet

August 3, 2025
About Us

Your number 1 source for the latest finance, making money, saving money and budgeting. follow us now to get the news that matters to you.

We're accepting new partnerships right now.

Email Us: support@isafespend.com

Our Picks

The Hidden Tax On Success With Chris Guillebeau

August 4, 2025

4 Florida Towns That Are Proving to Be Hurricane-Proof

August 4, 2025

Six Figures, Seven Figures? What You Need to Earn to Join the 1%

August 4, 2025
Most Popular

The Hidden Tax On Success With Chris Guillebeau

August 4, 20250 Views

4 Florida Towns That Are Proving to Be Hurricane-Proof

August 4, 20250 Views

Six Figures, Seven Figures? What You Need to Earn to Join the 1%

August 4, 20250 Views
Facebook Twitter Instagram Pinterest Dribbble
  • Privacy Policy
  • Terms of use
  • Press Release
  • Advertise
  • Contact
© 2025 iSafeSpend. All Rights Reserved.

Type above and press Enter to search. Press Esc to cancel.