What to do if the CARES Act Student Loan Relief is extended to 2021?

As we know, student loan payments held by the federal government are on hold and interest rates are currently down to 0% because of the CARES Act. This relief expires on September 30, 2020 and the next payments from most borrowers will be due in October.

The HEROES Act is a second economic stimulus package that is currently being implemented in legislation. The HEROES Bill, previously signed by the House of Representatives, would extend the CARES federal student loan provisions for an additional 12 months. It has been…

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