The Biden management recently stretched the federal education loan moratorium through January 2022. Underneath the moratorium, more federal education loan borrowers don’t need to create re payments and interest doesn’t accrue.
This rules had been initially were only available in March 2020 to assist borrowers with financial difficulty because of the COVID-19 pandemic. It will have lasted for 22 months and cost the federal government nearly $100 billion if it ends in January as scheduled. Continue reading “It is Time to Wind Down the learning student Loan Moratorium”