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37million Americans will have to make monthly payments again in WEEKS if freeze ends

37million Americans will have to make monthly payments again in WEEKS if freeze ends

STUDENT loans repayments are set to begin in just weeks when a federal freeze ends on May 1. The first federal student loan deferment was established through the CARES Act. The CARES Act was a stimulus bill passed by Congress and signed into law by former President Donald Trump on March 27, 2020, in response to the Covid–19 pandemic. After a two-year deferment, President Joe Biden in December extended the pause until May 1, 2022. The Biden administration has not publicly stated any clear intention to fully extend the student loan pause beyond May 1, meaning payments are currently set… Read Full Article