The CARES Act was passed at the beginning of the pandemic to provide relief for student loan borrowers by subsidizing interest payments and lowering monthly payments to $0 dollars a month. An unforeseen consequence, however, is that this is detrimental to student loan borrowers looking to take advantage of low interest rates and purchase a new home.
Forbearance ends in September, Catalina explains what is going to happen based on student loan policy and statements from politicians.
Forbearance allows you to temporarily stop making student loan payments, but also disqualifies you from accumulating time towards loan forgiveness.
This document is a quick guide to help users understand a few basic facts - is the plan they are on an income-driven plan, which is required for Public Service Loan Forgiveness (PSLF). What are the key plan terms and differences?
There are pros and cons to refinancing, these key factors can help you decide what option is best for your student loans.
The CARES Act forbearance for student loans is set to expire on September 30, 2021. Will Biden extend the payment pause?