Student loan borrowers could face more difficulty meeting their monthly bills when federal loan payments restart Sept. 1, unless their debt is canceled...
After nearly two and a half years of pandemic relief, federal student loan payments will restart after the pause expires Aug. 31 — unless it’s extended for the seventh time.
Economists like Kathryn Anne Edwards at the Rand Corp., a nonprofit global public policy think tank, say borrowers will likely feel the impact of inflation when payments restart, but it will hinge on an individual’s circumstances. “Borrowers haven’t paid in nearly two and a half years, student loan servicers got burned the last time they thought payments were going to resume, and there will be a lot of frustration among borrowers,” Kelchen says.Read: No matter your age, here’s how to tell if your finances are on the right track
One thing that’s critical to understand about cancellation, experts say, is you’re not being handed money.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Do You Qualify For Student Loan Forgiveness? Education Department Launches New Tool To Help Borrowers Find OutThe Biden administration has launched a new tool to help borrowers determine whether they may qualify for student loan forgiveness. The launch arrives just as a key loan forgiveness expansion for public service borrowers is about to expire.
Weiterlesen »
Stimulus check updates: Here are the states sending inflation-busting payments worth up to $1,500Stimulus checks and relief payments are being sent by several states across the country as inflation wreaks havoc on personal expenditures.
Weiterlesen »
How Previous Generations Handled Inflation CrisesSince World War II, the U.S. has experienced three “Great Inflations.” Looking at their causes and effects can help us anticipate what comes next for today’s high-inflation economy.
Weiterlesen »
Federal student loan program cost underestimated by $311B, government watchdog saysThe Department of Education expected the federal student loan program to generate $114 billion in revenue, but it actually wound up costing $197 billion.
Weiterlesen »
Wharton Study: Democrat Reconciliation Bill Would Have Zero Impact on InflationThe University of Pennsylvania’s Wharton School found on Friday that the Inflation Reduction Act, the Democrats’ marquee bill to reduce inflation, would have zero impact on inflation.
Weiterlesen »
The Aging Student Debtors of AmericaPolicymakers have considered student debt as the burden of upwardly mobile young people. Americans aged 62 and older, though, are the fastest-growing demographic of student borrowers.
Weiterlesen »