Will Biden Extend The Federal Student Loan Forbearance Period? Via ForbesAdvisor
Lawmakers, Department of Education Ask for Student Loan Suspension to be Extendedextended the forbearance period
to September 30, 2021 just hours after being inaugurated. No payments have been due, and interest has not been accruing on the loans during the forbearance period. Borrowers with defaulted student loans cannot have their wages garnished during the forbearance period, either. In early July, Senators Elizabeth Warren and Edward J. Markey , pushed even harder for student loan debt cancelation.
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