The following stimulus package deal can lengthen the scholar mortgage cost break till Could
It seems that lawmakers on both sides of the aisle are advocating widening of the leniency classes for student loans.
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Student loan borrowers may not have to worry about their monthly bills until May next year.
In a summary of the bipartisan legislation that was circulated on Wednesday, which could become the next stimulus package, lawmakers included a provision that leniency on student loans should continue through April 30, 2021.
The payment pause was repeatedly extended in the wake of the pandemic.
The US Department of Education first announced in March that the 42 million Americans with federal student loans would be wiped off their monthly bills by September. Then, in August, President Donald Trump signed an executive order that continued the interest-free grace period until the end of December.