The federal student loan repayment freeze is set to expire Aug. 31—what you need to know
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What you need to know about student loan debt right now Friday, July 29, 2022 |
Two years in, the federal student loan repayment moratorium enacted during the pandemic is set to expire on Aug. 31. There may still be a reprieve: President Joe Biden may once again extend the moratorium and potentially forgive up to $10,000 in federal student loan debt per borrower, and some members of Congress are calling for even broader student loan forgiveness. Whatever happens though, it's important to know your options when it comes to student loan repayment. Did you know paying back student loans can affect your credit score? Plus, there are ways to refinance private student loans that can lower your monthly payment and even helpful tips to handle the stress that comes with student debt. Check out the Select guides below, which are filled with helpful information to help you tackle your student loans. Follow us on Facebook, Instagram, and Twitter for more expert shopping recommendations and personal finance news. |
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Editorial Note: Opinions, analyses, reviews or recommendations expressed in this newsletter are those of the Select editorial staff's alone, and have not been reviewed, approved or otherwise endorsed by any third party. |
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