Biden Erases Default or Delinquency Status with Latest Student Loan Payment Pause

In addition to extending the pause of Federal student loan repayments to August 31, 2022, any borrowers who were in default or delinquency prior to March 2020, will have their status reset when repayment is scheduled to start on September 1, 2022.  ….all borrowers with paused loans to receive a ‘fresh start’ on repayment by…

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The Extra Bonus of the Student Loan Repayment Pause through May 1, 2022

Since March 2020 and extending through May 1, 2022, payments and interest on all Federal education loans, both student loans and Parent PLUS loans have been suspended as parts of various COVID-related economic relief policies. Borrowers have not been obligated to send payments, and for anyone already behind in their payments, no additional penalties have…

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Is College the New Speculation?

Often students earn college degrees to increase their likelihood of future financial stability.  Yet, as college costs are rising, students and their parents subsequently are borrowing more to earn said degree, thus students “spend” the equivalent of a few years’ of post-graduation wages while parents may delay retirement, the question is, “Is college worth the…

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