Student Loan Deadline Looms | Wilmington News

Wilmington News Today | 2 Min News | The Daily News Now! · Aug 4, 2026 · 1m

Millions of Americans face a looming deadline to pick a student loan repayment plan—miss it by September 29th and the government will assign one, risking higher debt, credit damage, and even wage garnishment. In places like North Carolina, where hundreds of thousands are already in default and average debt hits $40,000, borrowers feel trapped in an endless cycle. One borrower, after 13 years, still owes $6,000 with five more years to go, blaming pandemic disruptions and rising interest. Experts urge immediate action: audit your finances, contact your lender, and explore income-driven plans…