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Michigan Commencement

Graduates listen at the University of Michigan commencement at Michigan Stadium in Ann Arbor, Mich., Saturday, April 30, 2011. (AP Photo/Paul Sancya)

Paul Sancya

Michigan Commencement

Graduates listen at the University of Michigan commencement at Michigan Stadium in Ann Arbor, Mich., Saturday, April 30, 2011. (AP Photo/Paul Sancya)

Paul Sancya

What you need to know about paying back student debt

Millions of borrowers will have to start paying back their student loans starting this fall.

Graduates listen at the University of Michigan commencement at Michigan Stadium in Ann Arbor, Mich., Saturday, April 30, 2011. (AP Photo/Paul Sancya)

Paul Sancya

   

People with federal student loans will need to start making monthly payments toward their debt again, after three years of payment pauses.

Reset digs into what borrowers need to know and do to prepare themselves for October.

GUESTS: Lisa Philip, WBEZ higher education reporter

Jack Wallace, the head of government affairs and industry relations at Yrefy

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