This unfreezing of the student loan pause is becoming an increasingly difficult task to overcome – regardless of who’s involved – borrowers, lenders, lawmakers, and President Biden alike. The US Department of Education has agreed to renew 43 million student loan contracts with all previous lenders who held those accounts, but unfortunately, things aren’t as…
Tag: biden student loan pause
The student loan debt crisis has reached its peak in the United States. The Federal Reserve estimates that borrowers owed a whopping $1.7 trillion in the second quarter of 2021, a 3% increase from the second quarter of 2020. Three percent may seem small, but that’s a big chunk of change when you’re dealing in…