Quote:
Originally Posted by LogicalApex
As I said earlier, the government intended the program as a profit center and the driver for it losing money is predominately due to the student loan relief given under President Trump.
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Trump derangement syndrome on display: Facts
Secretary of Education Betsy DeVos to continue deferring federal student loan payments through the end of the year with no interest accrued during that time. This is a three-month extension of the student loan relief policies under the CARES Act, which are set to expire on September 30.
Pay into the principal
“The suspension of interest on federal student loans makes those payments even more impactful,”
Focus on building an emergency fund
If you have no cash stashed away, keep your student loans on hold during this postponement period and focus on saving.
Prioritize paying down credit card debt
If you have both credit card and student loan debt, you should take advantage of this extended student loan deferment period to focus on paying off your credit card balances.
For student loan borrowers who are struggling
The proposed extension of deferring student loan payments is only for federal loans, but if you’re worried about private student loans, contact your loan servicer to ask for a forbearance period or other options for financial relief.
You're right pure Evil!
https://www.cnbc.com/select/trump-me...student-loans/