5 Things to Know About Current Repayment Flexibilities and Your Federal Student Loans

5 things to know about repayment

On Aug. 8, 2020, President Trump extended the 0% student loan interest rate and suspension of payments on federal student loans owned by the Department of Education (ED) until Dec. 31, 2020. These relief measures began on March 13, 2020, and below you’ll find a recap of the resulting repayment flexibilities for student loan borrowers and relevant considerations.

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5 Ways to Pay Off Your Student Loans Faster

The first thing people say when they find out where I work: “Can you delete my student loans for me?” If only I had that power. Just like many of you, I am a student loan borrower. Each month, my federal student loan servicer, withdraws my $381.35 student loan payment from my bank account and I still cringe every time. (Do you know how many trips I could take with that money?) Point is, I understand what you’re going through.

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