5 things to do when student loan forbearance ends

5 things to do when student loan forbearance ends
By Christy Bieber
article
Student loan forbearance put into place due to COVID-19 will end on December 31 if lawmakers don't act. Here's how to prepare. (iStock)
In late March, the Coronavirus Aid, Relief and Economic Security Act was signed into law. The CARES Act included different types of financial relief, including a moratorium on federal student loan payments.
Most federal student loans were put into automatic forbearance through September 30, 2020, and the interest rate was set to 0% so that it wouldn't continue accruing while payments were paused. That period and 0% interest rate perk was recently extended through Jan. 31, 2021.

Related Keywords

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