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Q&A: Debt Relief & the Loan Pause

Recent decisions on student debt relief – including pausing loan repayments until the end of the year – mean borrowers with federal loans owned by the U.S. Department of Education are eligible for relief. We explain some of the ways the announcements affect borrowers and the financial aid community. Global will

student loans

Payment Pause Extended

By Rick Cox The Department of Education has announced that the payment pause for student loans has been extended for the final time through December 31, 2022. Additionally, the department announced targeted debt relief for some borrowers. Borrowers with annual income during the pandemic of less than $125,000 ($250,