While federal student loans payments are on hold, take time to put a strategy in place to pay off this debt faster.
When the CARES Act was passed earlier in 2020 to provide financial relief individuals and families through the COVID-19 pandemic, it included a hold on federal student loan payments and on interest charges for federal student loans. The student loan payment moratorium is set to last until September 30, 2021.
The break is a good time to student loan borrowers to assess where they stand in making payments and put plans in places to help reduce this debt quickly and easily. Here are some ideas that can help.