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As part of the student loan forgiveness plan, there is a clause specifying: “If you made voluntary payments during the payment pause — from March 13, 2020, through Dec. 31, 2022 — and your ...
After more than three years of having their payments paused as part of COVID-19 relief efforts, federal student loan borrowers will soon have to resume payments. Exactly when remains unknown, even...
The payment pause on federal student loans was recently ... an average of $393 per month," a recent letter from ... had received student loan forbearance through the COVID-19 pandemic, 11.8% ...
It’s important that federal student loan borrowers hold off on refinancing with a private student loan at least until the 2024 election, if possible. When you refinance, you lose all of your ...
A federal appeals court will allow the Department of Education to proceed with lowering millions of student loan borrowers’ monthly payments in July as the Biden administration faces two legal ...
In March 2020, the CARES Act passed by Congress included a pause on federal student loans repayments and interest until September 30, 2020. [8] On August 8, 2020, the Trump administration issued a memorandum instructing the Secretary of Education to pause on student loan payments and interest through December 31, 2020 using the authority ...
President Joe Biden recently announced an extension of the student loan payment pause, just a few weeks before it was scheduled to end on May 1. For the vast majority of the over 40 million ...
New research from the New York Fed estimates that student loan borrowers benefitting from the interest-free pause are expecting pain whenever the pause ends.