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Home Empowerment You don’t have to pay federal student loans until 2021 — But you should | The Simple Dollar

You don’t have to pay federal student loans until 2021 — But you should | The Simple Dollar

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You don’t have to pay federal student loans until 2021 — But you should | The Simple Dollar
Source: Pixabay by 0TheFool. https://pixabay.com/illustrations/student-loan-debt-education-college-1160848/

Under the Coronavirus Aid, Relief and Economic Security (CARES) Act, student loans are reduced or suspended on loan payments until for certain individuals who meet the requirements until December 31, 2020.  However, “forbearance” doesn’t mean “forgiveness.” Paying loans can lead to better credit scores, debt-to-income ratio reductions, and a rapid decrease in the total student loan amount. If you are able to continue paying on your student loans this year, doing so will better set you up for success.

Source: https://www.thesimpledollar.com/loans/student/you-dont-have-to-pay-federal-student-loans-until-2021-but-you-should/?utm_source=feedly&utm_medium=webfeeds&utm_campaign=Feed%3A+thesimpledollar+%28The+Simple+Dollar%29