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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...
Although it can take a long time to qualify for a student loan forgiveness program, getting your student debt canceled could be well worth the wait. To keep yourself motivated, try estimating your ...
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 ...
The student loan payment pause -- which was set to end Dec. 31, 2022 -- will be extended to the end of June 2023 as the Biden administration awaits the Supreme Court's ruling on the federal student...
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 ...
Total student loan debt in the U.S. exceeds $1.7 trillion, according to Federal Reserve data cited by the Education Loan Finance (ELFI) website. Borrowers carry an average federal student loan ...
Millions of Americans were staring at the resumption of federal student loan repayments on Sept. 1 until the Biden administration announced this latest pause. Payments will now resume on Jan. 1, 2023.