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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 financially than they were before the pandemic, there are questions as to how things will work once ...

How long can you extend student loan payments? By Ben Luthi Options are available with private lenders and the federal government. (iStock) Student loan payments can often equate to hundreds of dollars per month, which can strain your budget and make it difficult to get approved for financing when you need it — even if you have a relatively good income. The good news is that it’s possible to extend your student loan repayment term, either through a private lender or the federal government. Stretching out your payments will be easier on your budget but there are some potential pitfall...

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 some time to recover, so they can avoid defaulting and eventually pay off their balance in full. But...