Thanks to the FAFSA Simplification Act, big changes are coming to federal student aid, including a replacement of the expected family contribution (EF.
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.
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.