Biden Administration Official Advises Student-Loan Borrowers to Make Payments During Grace Period: ‘It’s Not a Pause’

"When the freeze on federal student-loan payments, interest and collections ends this fall, borrowers will be protected temporarily from some of the harshest consequences of missing student-loan bills. But if borrowers can afford to make their payments, they should," Marketwatch reports.

... "That was one message from James Kvaal, the under secretary at the Department of Education, speaking to a virtual conference of financial aid administrators Tuesday. “It’s not a pause,” Kvaal said of the “on-ramp” the Department will provide borrowers when student-loan bills start up again this fall after a more than three year pause."

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Publication Date: 7/12/2023

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