Starting next month, the federal government will once again begin collecting payments and interest on outstanding federal student loans, after a three and a half year pause during which no payments were required. As a result of the COVID-19 epidemic, the federal government declared in March of 2020 that student loan payments and interest accrual […]
Millions of Americans are obligated to make monthly payments on their student loans. And these payments can impede numerous objectives. The typical balance on federal student loans this year is $37,348. And if you have a debt balance in this range, the prospect of paying it off may seem daunting. However, this is how you […]
After over three years of interest-free deferment on federal student loans, millions of Americans will soon be required to make monthly payments. The effects may spread throughout the economy. Currently, federal student loan debt stands at $1.6 trillion, based on data from the New York Fed’s first quarter Household Debt and Credit Report. This will […]
