Student Loan Strategies for Seniors and Retirees

Student Loan Strategies for Seniors and Retirees

By Becca Craig, CFP

The rule (or energy) of three is an age-old maxim in rhetoric and different disciplines which states that issues that are available in threes are inherently extra satisfying to us. If that’s certainly the case, do I’ve some excellent news for you: The pause on student loan compensation, curiosity and collections has been prolonged for a 3rd time, till Jan. 31, 2022. The Biden administration and the U.S. Department of Education are adamant this would be the closing extension, leaving many Americans anxious about their compensation technique and the way student loan debt will form their long-term monetary future. Especially delicate to legislative and political points surrounding student loans are retired and senior citizen debtors.

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