Federal student loan payments suspended through September
Justin Matthews reports
The Department of Education is extending the zero percent interest rate and suspension of payments on federal student loans through at least September 30, 2021.
The majority of student loan debt is not forgivable so it s there and it s never going to go away. So, the key for this pause by the government, the Department of Education, is very helpful for people that have student loans but they ve lost their job and they re not able to earn income at this moment, said Greg Ghodsi, the managing director of investments for 360 Wealth Management Group of Raymond James.