Student Loan Relief Extension

Debt relief for borrowers of student loans has been extended into 2022, despite the Department of Education’s warning not to anticipate another break.

Government understudy loan installments and interest were stopped to assist with peopling that are battling to earn enough to pay the bills in view of the pandemic, because of the Covid Help, Alleviation and Financial Security Act, Also known as Cares Act.Negative credit reporting was stopped, as were collection actions on loans that had been defaulted on.

The original plan was to start making payments on student loans again on September 30, 2021; however, forbearance has now been extended until January 31, 2022.

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