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On March 13, 2020, the U.S. Department of Education and the Federal government paused all federal student loan payments and set interest rates to zero on all federal student loans.
Of the 40 million Americans that President Biden says will receive relief as part of his administration's student loan forgiveness program, a good amount will be eligible for automatic payments.
For federal student loan borrowers who have qualifying total and permanent disabilities, the U.S. Department of Education is providing $5.8 billion in automatic loan forgiveness, according to an ...
The easiest way to stay on top of payments is to autopay your student loans. “Automatic payments can help keep your student loan payments on track and help you avoid missing payments,” Keckler ...
Starting in March 2020, federal student loan borrowers received temporary relief from student loan payments during the COVID-19 pandemic. [37] This relief was subsequently extended multiple times, and is set to expire at the end of June 2023. [ 38 ]
Two of Biden's key debt-relief initiatives are tied up in court: his SAVE income-driven repayment plan, intended to make student-loan payments cheaper for borrowers, and his broader loan ...
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