Tag: student loan pause

While the federal student loan payment pause is expected to end in May 2022, millions of current borrowers (and lenders) are left with less information than they need to know what will happen when that May deadline comes to pass. This blog has been updated on December 23rd, 2021, in light of the recent extension…

During the 2020 Presidential Election, the possible student loan pause Biden touched upon was one of the critical topics debated among the candidates. Now, roughly a year into the Biden presidency and with the nation’s economy still trying to overcome the effects of the COVID-19 pandemic, President Biden’s promises of student loan forgiveness are under…

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…

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…