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How to keep your student loan payment at $0 | iNFOnews | Thompson-Okanagan's News Source


Ryan Lane Of Nerdwallet
FILE - In this Wednesday, Jan. 27, 2021 file photo, President Joe Biden speaks in the State Dining Room of the White House in Washington. Biden has extended the interest-free payment pause for most federal student loan borrowers through Sept. 30. But after that break ends, paying $0 may still be a necessity for some borrowers. (AP Photo/Evan Vucci, File)
February 03, 2021 - 5:46 AM
President Biden announced on Jan. 20 that most federal student loan payments would be suspended interest-free through September 2021 due to the ongoing pandemic.
Once the suspension lifts, though, a $0 payment still may be a necessity for some borrowers. ....

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Take advantage of student loan breaks before 2020 ends | iNFOnews | Thompson-Okanagan's News Source


Ryan Lane Of Nerdwallet
December 16, 2020 - 4:49 AM
Talk of student loan forgiveness has borrowers looking forward to 2021. But many already benefited from some unprecedented events in 2020:
— An administrative forbearance has paused most federal loan payments interest-free since March.
— The forbearance has also halted collections on defaulted loans.
— Interest rates fell to historic lows.
It’s unclear how long these breaks will last. If you’re in good financial shape, here’s how to take advantage of them while you can.
MAKE A LUMP-SUM PAYMENT
The current student loan forbearance is scheduled to end Jan. 31. All borrowers should have a plan for repayment by that point. ....

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