Titan Consulting
JUNE 7, 2020
The federal government is not making payments on student loan accounts, but rather suspending payments, which will extend the term of the loan. However, but due to the zero-interest provision through September 30, 2020, balances will not increase during this time. In total, the Act covers 88% of outstanding student loans.
Credit Corp
JULY 9, 2024
Ignoring student loans can damage your credit score, lead to wage garnishment, and accrue interest and fees. Failing to make your monthly payments only prolongs the time it takes to pay off your debt, and your loan continues to accrue interest during this time. Loss of Tax Refund Are you expecting a tax refund this year?
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Credit Corp
MARCH 21, 2023
Private student loans aren’t provided by the federal government, and they often come with much higher interest rates. It’s also helpful to know that you may still accrue interest while in forbearance or deferment. If you’re facing financial hardships, you can apply for these services to pause your loan payments.
Credit Corp
MAY 17, 2021
For instance, the federal government would be paying all or some of the accrued interest on income-driven student loans. This applies to unpaid interest. The federal government could be paying 50% or 100% (depending on the loan type) of unpaid accrued interest on subsidized loans during the first three years.
Titan Consulting
SEPTEMBER 15, 2020
Making late payments on your credit card accounts also means those balances will increase due to late fees, penalties, and additional accrued interest. Be sure and keep a detailed communications log for each account which you are attempting to settle. When to Get Professional Help Settling Your Debts?
Credit Corp
MARCH 8, 2023
However, you can often earn higher interest rates on a bond. The downside is that since a bond is really a loan to the government or a company, you can’t request your funds early. Don’t let your savings sit in an account that’s not accruing interest. The only option you have is to sell your bond. Should I Open a CD?
Better Credit Blog
JUNE 1, 2022
government, whereas private loans are offered by banks, credit unions, and other financial institutions, some of which focus solely on providing student loans. While you may not be able to get a Perkins Loan anymore, you can access a Direct Loan from the federal government.
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