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During the national emergency declared due to the COVID-19 pandemic in the United States, the HEROES Act has been invoked several times. [7] In March 2020, the CARES Act passed by Congress included a pause on federal student loans repayments and interest until September 30, 2020. [ 8 ]
Politico, however, reported on Jan. 31 that the end of the emergency would not affect the student relief program and that administration officials said the program and the loan payment pause can ...
The Higher Education Relief Opportunities for Students Act of 2003, which gives the executive branch the authority to change the terms of student loans amid national emergencies, made the ...
During the on-ramp period, missed payments will automatically land you in loan forbearance (not delinquent), so you won’t get reported to the national credit reporting agencies or to a ...
President Joe Biden began working on his revised student loan relief plan after the Supreme Court blocked its first program in June 2023. The updated policy targets several groups of borrowers for ...
Total student loan debt, currently $1.76 trillion, continues to climb as a number of borrowers do not have access to debt relief, according to the Education Data Initiative. Notably, 47.9 million ...