"Student Loan Repayment: Updates and Expectations"

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Source: CNBC
"Student Loan Repayment: Updates and Expectations"
Photo: CNBC
TL;DR

The pandemic-era policy suspending federal student loan payments has been a big win for public servants pursuing the Public Service Loan Forgiveness program, allowing them to get closer to debt cancellation while not making any payments on their debt. Each month during the pause counts toward a borrower's timeline on PSLF, whether or not they made a payment. While borrowers pursuing PSLF will get credit for payments during the pause, they still need to be employed with the government or a qualifying nonprofit to be heading toward loan forgiveness. The fate of the Biden administration's sweeping student loan forgiveness is currently in the hands of the Supreme Court.

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