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Biden cancels $9 billion in student loan debt; Here’s who qualifies for it
Read full article: Biden cancels $9 billion in student loan debt; Here’s who qualifies for itThe Biden Administration approved debt relief for more student loan borrowers, totaling $9 billion in forgiveness. This is the latest effort by President Biden to offer relief to what the White House calls a "broken student loan system."
TELL US: Student loan payments are starting back up, how will this affect you or your family?
Read full article: TELL US: Student loan payments are starting back up, how will this affect you or your family?The pause on student loan payments is almost over. Without a Supreme Court ruling before June 30, interest begins on September 1, the Friday before Labor Day. The first payments on student loans in more than three years will be due in October, according to an Education Department spokesperson.
FAQs: Payments and interest suspended for all federal student loans
Read full article: FAQs: Payments and interest suspended for all federal student loansJACKSONVILLE, Fla. – The Coronavirus Aid, Relief, and Economic Security (CARES) Act aims to provides relief from the unprecedented issues created by the coronavirus pandemic. Included in the many components of this $2 trillion package is a six-month relief for student borrowers. The CARES Act suspended loan payments and accumulating interest through September 30 for borrowers of federal loans. No action is required for the payment to be suspended The federal loan provider will automatically take care of it. If someone contacts you about paying a fee to suspend your loans, do not fall for it, it’s a scam.