After being on pause for more than 3 years, student loan payments are expected to resume soon
Publishing timestamp: 2023-04-28 13:12:25
Summary
Student loan payments are expected to resume soon after the Supreme Court makes its ruling on the Biden administration's forgiveness plan. Borrowers can take steps to prepare, such as double-checking their servicer's contact information and reviewing payment plans. Those facing financial hardship can request an economic hardship or unemployment deferment, or use forbearance, but interest will accrue under forbearance. The article also notes that student loan forgiveness is now tax-free until at least 2025.
Sentiment: NEUTRAL
Tickers: NAVI,
Keywords: joe biden, personal finance, corporate bonds, education, navient corp, personal loans, mayotte, business news,