My Thoughts on What President Biden’s Interest and Payment Freeze Means for the Future of Student Loans

President Biden extended the student loan interest and payment freeze for federal student loans on the first day of his presidency.

Find out what the freeze means and how you may be affected by it.

I’ll also talk about the long- and short-term implications of refinancing your student loans in this environment and if you should take advantage of the low interest rates and break down the student loan legislation we might see from the Biden administration in the future.

In today’s episode, you'll find out:

• When your next student loan payment might be do
• How long the student loan interest and payment freeze will last
• What I think it means for the Biden administration’s stance on student loans
• What the post-election path forward looks like for Republicans
• The fate of the eviction moratorium
• Details about President Biden’s February infrastructure bill
• What you need to know about Biden’s student loan interest payment suspension
• Why I don’t think Biden will cancel more than $10,000 of student loan debt
• Which loans got left out of the student loan interest freeze
• How much the interest freeze will cost
• When refinancing your student loans makes sense
• The implications of refinancing student loans in the current environment
• Student loan legislation and future bills and reform we might see

Full show notes at: http://studentloanplanner.com/114

 

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