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To avoid or clear up such issues, you can send instructions to your servicer about how it should apply extra payments. Simply download, complete and mail the CFPB’s sample letter found on this page.
Now that the more than three-year COVID-19 student loan payment pause has come to an end, 28 million borrowers have entered repayment since Oct. 1, 2023. With this massive transition from a full...
Student loan deferment is a similar concept in that borrowers can pause their payments for a set period. The difference is that interest does not always continue to accrue on your loans.
Student loan payments have been paused since the start of the pandemic in 2020 but that might end by September.
Over 40 million Americans will be on the hook for federal student loan payments starting in late August. Some fear The post The pause on student loan payments is ending. Are borrowers ready ...
Cash-strapped federal student loan borrowers who hoped to get debt relief through the Biden administration's loan forgiveness plan might soon have to look elsewhere for help. The program is under...
The countdown until the student loan payment pause is lifted in June is ticking, and some experts worry that once payments resume, many Americans may dig themselves deeper into credit card debt ...
That could complicate restarting their monthly payments. Around 44% of federal student loan borrowers who begin repayment in October have a new loan service provider, according to the Consumer ...