The Biden Administration announced this week that the federal student loan forbearance, which was instituted back in March of 2020 due to COVID, will continue through the end of April 2022. This means that federal student loans will continue to accrue 0% interest until then, and payments will not be due again until May 1, 2022.
Please see our previous blog posts on what this forbearance could mean for you, and recent changes to the Public Service Loan Forgiveness program.
Each student loan situation is different and several variables should be considered when deciding on the best repayment strategy. Current clients can set up a call with Courtney using this link to talk about the best plan for you.