Student Loan Repayment Pause Extended Until January 31, 2022
Last week the U.S. Department of Education extended the pause on student loan repayment, interest, and collections until January 31, 2022. The Department indicated this would be the final extension granted, and borrowers will receive notices about this extension from...
Student Loan Emergency Relief Extended until Sept 30, 2021.
On March 27, 2020, the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) was passed, suspending loan payments, stopping collections on defaulted loans, and setting a 0% interest rate. The CARES Act has since been extended on Federal students loans until...
Why you should stop refinancing your federal student loans and other recommendations
President Biden’s administration has extended two major initiatives from now until September 30, 2021, which benefits employees and their family members. 1. Interest will stop accruing. 2. No repayment is required. The media reports the President will take the...
Employer Contribution Benefit Extended until 2025
The latest stimulus bill passed into law includes an extension on tax-free payments by employers to pay down employee student loan debt. This provision originally set by the CARES Act was due to expire on December 31, 2020, but last month’s passing of the Consolidated...