Biden Likely To Extend The Student Loan Payment Pause — Here’s Why
Biden Likely To Extend The Student Loan Payment Pause — Here’s Why
Hillagric
Hillagric
please read all story
Today we are talking about Barack Obama
please Update yourself by our post
Hillagric
Hillagric
Millions of federal student loan borrowers have not had to pay their student loans for over two years.
Hillagric
Hillagric
But the payment pause is set to end on May 1, which is in just 26 days. There are increasing signs that Biden is likely to extend the student loan
Hillagric
Hillagric
payment pause again, although so far, there is nothing official. Here’s where things stand.
Hillagric
Hillagric
The CARES Act, which Congress enacted in March 2020 in response to the Covid-19 pandemic
Hillagric
Hillagric
is responsible for the long-running pause on most student loan payments (specifically for government-held federal student loans). The CARES Act’s student
Hillagric
Hillagric
loan relief provisions also suspended interest accrual and halted all collections efforts against borrowers in default on federal student loans.