| Go back to previous topic | | Forum name | General Discussion | | Topic subject | theyre covering interest too, i think? | | Topic URL | http://board.okayplayer.com/okp.php?az=show_topic&forum=4&topic_id=13458854&mesg_id=13467077 |
13467077, theyre covering interest too, i think?
Posted by mista k5, Wed Aug-24-22 12:16 PM
It says unpaid interest, most of my payment goes to interest so I don't know if they're going to force payments to go to the principal instead.
https://www.whitehouse.gov/briefing-room/statements-releases/2022/08/24/fact-sheet-president-biden-announces-student-loan-relief-for-borrowers-who-need-it-most/
Cover the borrower’s unpaid monthly interest, so that unlike other existing income-driven repayment plans, no borrower’s loan balance will grow as long as they make their monthly payments—even when that monthly payment is $0 because their income is low.
--
I'm pretty sure I have pell grants but my federal loans are privately held??? I know I didn't qualify for the pause on payments so I'm expecting I won't qualify for the forgiveness but fingers crossed. Trying to log into my student loan site and its noping me out lol
| |