Sensitive Repayment News Today

The Federal Family Education Loan Program (FFELP) is a U.S. government student loan program that ended in 2010. But there are still many FFELP borrowers. Here's what to do if you have one.

How Will Income-Driven Repayment Work After Federal Student Loan Forbearance Ends? April 1, 2021 8:28 AM Zina Kumok - Forbes Advisor Posted: Updated: April 1, 2021 4:00 PM By definition, the amount you pay on income-driven student loan repayment (IDR) plans changes along with your financial situation. That’s why many borrowers are wondering what will happen with their IDR plans once the current Covid-19 federal forbearance period ends. With so many borrowers in a different position ...

I Maxed Out My 36-Month Student Loan Deferment. What Now? December 18, 2020 5:41 AM Zina Kumok - Forbes Advisor Posted: Updated: December 19, 2020 8:42 AM The economic fallout from the Covid-19 pandemic has left millions of Americans underemployed or jobless, making it increasingly difficult to pay for basic living expenses. In circumstances like these, student loan payments become a much lower priority. That’s why deferment exists—to give borrowers who are struggling financially ...