The financial aid process for college can be intimidating and overwhelming for students and parents, and this year, a new form is complicating matters.
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UNH grad: Student loan payment delay major relief but will it be canceled?
By Ian Lenahan
Bridget Bailey graduated remotely in May from the University of New Hampshire with a bachelor’s degree in psychology and, after four years of schooling, student loan debt of roughly $25,000.
After a job opportunity in Boston fell through due to complications related to COVID-19, Bailey has found herself financially benefiting from the U.S. Department of Education’s recently extended moratorium on mandatory student loan payments.
“I’ve applied to a ton of jobs since February and still haven’t even gotten an interview due to companies putting a pause in hiring,” she said. “So I’ve been working part-time jobs at home since graduation in order to be able to make loan payments while there’s no interest.”