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Student Loans Are Paused—Here’s What It Means For You


President Joe Biden paused student loan funds for eight months. This is the way it works.

Here’s what it’s worthwhile to know—and what it means on your student loans.

Student Loans

On his first day as president, January 20, 2021, Biden paused federal student loan funds by way of September 30, 2021. What does this imply on your student loans? How does it work? Let’s reply the most well-liked questions on this student loan aid:

1. Which student loans are included?

This student loan aid applies solely to federal student loans, which implies the federal authorities is your lender.

2. How have you learnt when you have federal student loans?

You can verify when you have federal student loans by accessing the National Student Loan Data System (NSLDS®). Use your Federal Student Aid (FSA) ID to login.

READ:   Millions of students and graduates to pay extra in student loan charges because of Brexit | The Independent
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