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When it comes to managing your retirement, a small mistake can cause a major loss of capital. That is why it's important to speak with a financial advisor who is familiar with your Company's benefits. Schedule a call today..  
 
 
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New Cancellation for Federal Student Loans and Delayed Repayment to 2023

Sep 1, 2022 2:41:11 PM
written by The Retirement Group

On August 24, 2022, just a few days before federal student loan repayment was set to resume, President Biden announced a plan for additional student loan debt relief.

Federal student loan repayment was originally halted in March 2020 at the start of the pandemic. The new plan extends the payment moratorium through the end of the year, offers partial debt cancellation, and includes proposed updates to the Public Service Loan Forgiveness program and a new income-based repayment plan.


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posted in Financial Planning, Student Loans, Federal

Student Loan Payment Pause Extended Through January 2022

Aug 18, 2021 12:24:43 PM
written by The Retirement Group

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.


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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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