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Federal student loan forbearance allows you to skip your student loan payments for a given time or temporarily make a smaller payment. The catch: Interest will still accrue on your balance.
An income-driven repayment plan sets your monthly student loan payment at an amount that is intended to be affordable based on your income and family size. It takes into account different expenses ...
The total amount of student loan debt in the U.S. is $1.727 trillion, according to Education Data Initiative. This includes private and federal loans, but the bulk of this debt is from federal ...
Other reasons you need to pay your student loans. Aside from damage to your credit score, which can last up to seven years, there are other reasons to make sure you make your student loan payments.
The CARES Act of 2020 allowed borrowers to pause their payments on federal student loan debt without accruing any new interest. After several extensions, that deferment period is finally set to ...
For the first time in more than three years, federal student loan borrowers will be required to pay their monthly student loan bills. Here’s what borrowers need to know.