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However, borrowers with FFEL and commercially-held student loans may require direct loan consolidation in order to benefit from the relief. That must be done by May 1, 2023.
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 Biden administration plans to restart student loan payments no later than 60 days after June 30, 2023, he added. Based on that schedule, you can expect to resume payments on or before Aug. 29.
A new repayment plan has become available since borrowers were last required to pay their student loan bills, which could make monthly payments lower for millions of people.
The Biden administration has started rolling out a series of programs and initiatives to lighten the burden of student loans and make the repayment process more equitable and manageable. For those ...
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...
Per the Department of Education’s student aid website: “The student loan payment pause is extended until the U.S. Department of Education is permitted to implement the debt relief program or ...
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 ...