Here’s what happens—and what to do—if you can’t pay your federal student loans – CNBC
Student debt relief has helped millions of Americans during the pandemic. Since March 27, 2020, federal student loan interest rates have been set to 0% and payments have been paused.
But the policy is currently set to expire on Oct. 1, 2021, and many borrowers are still struggling financially, leaving many to wonder: What happens if I can’t make my student loan payment?
Private student loans do not have federal protections and have specific contracts that dictate the consequences of missing a…
