How to Navigate the Suspension of Student Loan Payments

Due to the coronavirus pandemic, the U.S. is suspending monthly loan payments and freezing interest accruals for most borrowers until Sept. 30

President Trump lays out guidelines to reopen the economy in three phases, China records its first-ever contraction in quarterly GDP, and Gilead Sciences shares soar on hopes for a potential Covid-19 drug. WSJ’s Shelby Holliday has the latest on the pandemic. Photo: John Moore/Getty ImagesThe federal government is suspending monthly payments and interest accruals on most of the $1.5 trillion in federal student debt for half of this year.

As a result, from March 13 to Sept. 30, an eligible borrower’s balance will be frozen, with no financial penalties.To Read the Full Story

JoeBiden to encourage more young Americans to serve in health care, education and climate, environmental science, student loan forgiveness would be a huge incentive. At the minimum, lower their interest rates. It’s unconscionable to charge them 7+% interest!!!

Very nice decision, like pray of god

math problem; Bob bank, loan sam student 20k. Bernie cancels sam loan, when will bob get his money?

Translation - Government is going out of its way to make it impossible for you to get rid of your student loans in Bankruptcy due to COVID Coronavirus.

You mean the Trump Administration?

Cancel it, the dollar is bankrupt. What difference is it at this point.

Be sad because Bernie lost and his empty promises won’t have the chance to fail while he’s in office?

When it’s bad news it’s “Trump” when it’s good news it’s “the US government”. You should sell the Washington post to Fox, so people know the truth!!

Cue the Boomer rage in 3,2,1...

Thank goodness

In two years the Banks will own the World.

Really brilliant that this article for 'financially-strapped borrowers,' is behind a paywall.

Follow and send a DM if you need your credit card debt cleared .... I'm Stephen Piechocinski, a powerball lottery winner and I'm doing this to give back to all my followers GOD BLESS AMERICA

Credit Card companies need to get on board and do the same. StopCollectingInterest BanksDontCareAboutYou

Check out what Navient does with FFELP type loans. Navient says they’re not included. HouseGOP HouseDemocrats SenateGOP SenateDems WhiteHouse

Thoughtful.

If you are going to print trillions, focus on helping the future of the country AT LEAST.

hey guvernment, how 'bout you cancel all my payments until I croak

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CEO of mortgage giant Quicken Loans explains how struggling homeowners can 'skip the payment'One of the biggest questions for homeowners right now is whether to try to pause their mortgage payments. Quicken Loans CEO Jay Farner says the company wants to educate people that if they “skip the payment,” they’ll still have to pay it eventually. Get billions in taxpayer funded handouts to lend to the people to put them further in debt. Do people truly need to be educated about this?
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This Court Victory For Student Loan Borrowers Could Have Huge ImplicationsStudent loan borrowers have scored another victory against a student loan servicer for unfair and deceptive practices. The consequences could be far-reaching. Here's why. Never lie to someone who trusts you, and never trust someone who lies to you.
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