Tag: federal student loan payments
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Federal Student Loan Payments Resume: New York Department of State Offers Tips to Guard Against Scams
The reinstatement of federal student loan payments may lead to confusion and susceptibility to fraudulent schemes. As federal student loan payments resume after a three-and-a-half-year hiatus, the New York Department of State’s Division of Consumer Protection is arming borrowers with essential advice to safeguard against scams The Department urges borrowers to stay updated about federal…
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Resumption of Federal Student Loan Payments Raises Financial Concerns Amidst Credit Card Struggles
According to a Consumer Financial Protection Bureau report from June, one in five student loan borrowers may face difficulties when these federal student loan payments restart. As federal student loan payments are set to resume in October, concerns arise, especially for those already struggling with credit card debt However, the initial 12-month period from October…
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Student Loan Payments Set to Resume in 10 Days
With a staggering $1.7 trillion in loan debt impacting 43.5 million Americans, borrowers are urged to prepare for this transition. Federal student loan payments are set to recommence, marking a significant milestone since the pandemic-induced pause Jazmyne Harris, a student loan borrower, expressed her apprehension, echoing sentiments felt by many. “I’m not excited. I do…
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Biden’s Student Loan: Biden Administration to Continue Fighting to Provide Relief to Millions of Americans Paying Off Debts.
The Biden administration is determined to keep fighting for assistance for millions of Americans suffering under debts that sometimes exceed $100,000 after the Supreme Court rejected his student loan forgiveness program in June. The court decided 6-3 against the Biden administration’s plan to cancel up to $400 billion in student loans, ruling that the president…
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The resumption of federal student loan payments is scheduled
As a result of discussions regarding the debt ceiling resolution, House Speaker Kevin McCarthy and President Joe Biden decided that payouts on student loans backed by the federal government will resume in August. The payouts have resumed after a break of over 3 years, during which interest had been generated since the initial outbreak of the…