In more than one-third of U.S. families, parents decide how to pay for college, according to a July 2020 report from private lender Sallie Mae. Half of those parents don’t inform the child of their decision. Joe Allen, 51, of Frederick, Maryland, did talk about college costs with his daughter, a freshman at the University … Continued

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Federal student loan payments have been automatically suspended until the end of the year because of the ongoing pandemic. If you have private student loans, however, payments remain due — unless you’ve paused them. Roughly 5% of private loan borrowers were using forbearance as of the end of March, according to the most recent data … Continued

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Payments are currently suspended, without interest, for federal student loan borrowers until Dec. 31. Originally, a six-month suspension was announced in mid-March as part of a measure included in the coronavirus relief package. It was extended until the end of the year by an executive order. This policy applies only to federal loans, not to … Continued

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