Student loan debt is a growing issue in the United States, with 44 million Americans owing a collective total of $1.5 trillion. Missing a student loan payment can have a major impact on your credit score, making it more difficult to access financing in the future.
Student loan payments resume, with interest accruing–a harsh reality for borrowers. The U.S. Department of Education recently announced that student loan payments are set to resume on October 1, 2023 with loan debt to start accumulating interest again in September 1, 2023.
When do student loan payments resume / restart? Student loan resumption is a process that allows students to resume their loan payments after a period of suspension or deferment. It is a great way for students to get back on track with their loan payments. Doing so will help avoid defaulting on their loans. This article will explain when student loans resume, the eligibility criteria, and the repayment options available.
Student loan forgiveness is a great opportunity for those who have taken out student loans and are struggling to make payments. It allows borrowers to have their debt forgiven, in part or in full, depending on the program they qualify for. This article will discuss eligibility for student loan forgiveness, how to apply for it, and the benefits of taking advantage of the program.
On March 11th, President Joe Biden announced that some student loan borrowers will receive student loan forgiveness. This announcement follows the passage of his $1.9 trillion COVID-19 relief package, which was signed into law earlier this month. Biden’s plan will provide relief to those struggling with student loan debt by temporarily suspending payments for some borrowers and providing student loans forgiveness for others.
The student loan crisis has become a major issue in the United States, with over 44 million Americans owing a collective total of over $1.5 trillion in student loan debt. This crisis has had a significant impact on the economy, and has caused a great deal of financial stress for many students and graduates. In this article, we will take a closer look at the student loan crisis, examining the key factors that have led to it and the impact it has had on individuals and the economy.