In response to the spread of the coronavirus and its impact on the U.S. economy, the federal government took steps to help Americans get through the next several months on a lower income. If you have federal student loans, you don’t have to make payments until September 30, 2020. The Coronavirus Aid Relief, and Economic Security … Continued

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We don’t know exactly what college will look like in the fall, but student loans to get there just got cheaper. The interest rate on new undergraduate federal student loans will decrease to 2.75%, the lowest point on record, for the 2020-21 school year. That is a drop of 39% from 4.53% in 2019-20. The … Continued

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The Coronavirus Aid, Relief, and Economic Security Act, or CARES Act, suspends federal student loan payments, sets interest rates to 0% and stops all collection activities on defaulted loans until Sept. 30. But the $2 trillion stimulus doesn’t forgive student loans. That means you can’t totally forget about your debt — despite the six months … Continued

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