The numbers are astonishing. More than 44 million people owe student loans totaling over $1 trillion in student debt combined.
But the landscape is changing. After the longest student loan repayment pause in history, the federal Administration extended the pause through June 30, 2023.
Americans earning under $125,000 will see $10,000 of their student loan debt forgiven, according to the most recent announcement by the administration.
If you have questions or is unsure about what steps to take next, please contact GreenPath for a free student loans counseling session.
In addition, borrowers who are employed by non-profits, the military, or federal, state, Tribal, or local government may be eligible to have all of their student loans forgiven through the Public Service Loan Forgiveness (PSLF) program. For more information on eligibility and requirements, go to PSLF.gov.
There may be times when you need additional help to manage everything going on financially – especially as the cost of borrowing becomes more expensive.