Rebecca Acorn, CPA, MST •
In December 2021 the United States Department of Education announced that the COVID-19 Emergency relief related to federal student loans would end on May 1, 2022. Those with eligible loans may have received a suspension of loan payments, 0% interest rate, and stopped collections on defaulted loans. To learn more about repayment restarting, visit your loan provider or Studentaid.gov
In December 2021 the United States Department of Education announced that the COVID-19 Emergency relief related to federal student loans would end on May 1, 2022. Those with eligible loans may have received a suspension of loan payments, 0% interest rate, and stopped collections on defaulted loans. To learn more about repayment restarting, visit your loan provider or Studentaid.gov
If your loan payments are still too high for you to pay, you can also consider the following programs, such as Public Service Loan Forgiveness, Income-Driven Repayment, apply for a short term deferment or forbearance, or you may be able to get a lower rate with a student loan refinance.
According to news providers like NPR, the Department of Education is taking a new look at the Public Service Loan Forgiveness program, and some people who were previously denied loan forgiveness are now having their loans forgiven.
The qualified student loan interest you pay may be deductible on your personal tax return as well.
According to news providers like NPR, the Department of Education is taking a new look at the Public Service Loan Forgiveness program, and some people who were previously denied loan forgiveness are now having their loans forgiven.
The qualified student loan interest you pay may be deductible on your personal tax return as well.
