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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.
Totally ending payment pause will cause a 16% risk of delinquency. Using data from the May 2021 Survey of Consumer Expectations, the researchers at the New York Fed highlighted how many student ...
Now that the more than three-year COVID-19 student loan payment pause has come to an end, 28 million borrowers have entered repayment since Oct. 1, 2023. With this massive transition from a full...
Over three years after the pause began in March 2020, student loan payments will finally resume in October. Since inflation is still elevated, you might wonder whether you can afford to resume your...
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 ...
Student loans have been paused since last March, but as the federal government prepares to restart the payment machinery in a couple of months, it anticipates a "psychological hurdle" to cross ...
During the pause — which started in March 2020 and ends next month — 79% of borrowers used the money that would've gone toward student loan payments to meet other financial goals, such as ...
As anticipated, the days of the pandemic-era student loan moratoriums are coming to an end. The payment pause will expire in October -- or 60 days after the Supreme Court announces its decision on ...