Largest Aid Package in History Includes Student Loan Relief and Employer Contribution Benefits
Today, President Trump signed a historic $2 trillion stimulus bill into law that was passed by unanimous consent in the House hours earlier. The Coronavirus Aid, Relief, and Economic Security (CARES) Act suspends federal student loan payments for six months until...
Should I Refinance During the Student Loan Interest Waiver?
The U.S. Department of Education’s suspension of student loan interest doesn’t necessarily translate into an opportunity to refinance your federal student loans, but it may be an opportunity to secure a lower interest rate for your private loans. Keep in mind that...
More Student Loan Relief in the $2T Stimulus Bill
On Wednesday, the Senate unanimously passed a $2 trillion stimulus bill to assist Americans affected by the COVID-19 outbreak. Interest Waiver Extended to Six Months The government extended the interest waiver from two months to six months. While this waiver will...
How does the coronavirus affect my delinquent/defaulted student loans?
Any borrower who is more than 31 days delinquent as of March 13, 2020, will have an automatic suspension of payments for the duration of the declared emergency. Betsy DeVos, U.S. Education Secretary, announced today that the Education Department has stopped all...