You or many in your area may have been expecting to start paying the burden of student loan payments in the upcoming month. On August 6, 2021, the U.S. Department of Education announced an extension of the pause on federal student loan payments to January 31, 2022. The payment moratorium, currently in effect for millions of federal student loan borrowers, was set to end on September 30, 2021.
Student Loan Payment Pause Extended Through January 2022
Aug 18, 2021 12:24:43 PM
written by
The Retirement Group
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posted in Student Loans, Finances
Federal Student Loan Interest Rates Set to Increase for 2021-2022
Jun 29, 2021 4:02:07 PM
written by
The Retirement Group
After two years of decreases, interest rates on federal student loans are set to increase almost a full percentage point for the 2021-2022 school year.1 The interest rates on federal student loans are reset each year after the May auction of the 10-year Treasury note.
The rates apply to new federal student loans issued on or after July 1, 2021, through June 30, 2022. The interest rate is fixed for the life of the loan.
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posted in Interest rates, Student Loans, Federal
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