{"id":7198,"date":"2021-07-25T23:11:06","date_gmt":"2021-07-25T17:41:06","guid":{"rendered":"https:\/\/www.seminarsonly.com\/news\/?p=7198"},"modified":"2021-12-31T18:01:27","modified_gmt":"2021-12-31T12:31:27","slug":"biden-student-loan-pause-biden-wants-to-keep-the-student-loan-moratorium-in-place","status":"publish","type":"post","link":"https:\/\/seminarsonly.com\/news\/biden-student-loan-pause-biden-wants-to-keep-the-student-loan-moratorium-in-place\/","title":{"rendered":"Biden Student Loan Pause : Biden wants to keep the student loan moratorium in place"},"content":{"rendered":"<h2><span style=\"color: #800000;\">Biden Student Loan Pause :<\/span><\/h2>\n<p>Student loan debt reached approximately $1.6 trillion by the end of 2016, according to the Federal Reserve Bank of New York. Biden&#8217;s new order extends the student loan freeze through September 30 to help alleviate the financial burdens caused by COVID-19. Under the new executive order, no additional interest will be accrued on student loans and no additional money will be collected for loans that have been defaulted.<\/p>\n<h2><span style=\"color: #800000;\">Will this negatively affect student loans?<\/span><\/h2>\n<p>If you have federal student loans owned by the U.S. Department of Education (ED), you won&#8217;t have to make monthly payments on your loans. As of September, 0% interest rates are in place on all loans. Only government-issued student loans are not included in this freeze.<\/p>\n<p><img decoding=\"async\" class=\" wp-image-7200 aligncenter\" src=\"https:\/\/www.seminarsonly.com\/news\/wp-content\/uploads\/2021\/07\/biden-300x225.jpg\" alt=\"\" width=\"533\" height=\"400\" srcset=\"https:\/\/seminarsonly.com\/news\/wp-content\/uploads\/2021\/07\/biden-300x225.jpg 300w, https:\/\/seminarsonly.com\/news\/wp-content\/uploads\/2021\/07\/biden-326x245.jpg 326w, https:\/\/seminarsonly.com\/news\/wp-content\/uploads\/2021\/07\/biden-80x60.jpg 80w, https:\/\/seminarsonly.com\/news\/wp-content\/uploads\/2021\/07\/biden.jpg 450w\" sizes=\"(max-width: 533px) 100vw, 533px\" \/><\/p>\n<p>Students who are still in school benefit from Biden&#8217;s student loan freeze, even if they haven&#8217;t been accepted yet. Loans made directly to students with no parent contribution typically accrue interest while students pursue higher education degrees. The pause also benefits students who are enrolled in a college programme because they get 0% loan interest rates during the pause. Students may call their loan servicer to inquire about their loan qualification.<\/p>\n<blockquote class=\"wp-embedded-content\" data-secret=\"ioIkE4CUQp\"><p><a href=\"https:\/\/www.seminarsonly.com\/news\/funny-new-year-messages-for-customers\/\">Funny New Year Messages for Customers: Happy New Year 2024 Wishes, Quotes, Pics, SMS<\/a><\/p><\/blockquote>\n<p><iframe class=\"wp-embedded-content\" sandbox=\"allow-scripts\" security=\"restricted\" style=\"position: absolute; clip: rect(1px, 1px, 1px, 1px);\" title=\"&#8220;Funny New Year Messages for Customers: Happy New Year 2024 Wishes, Quotes, Pics, SMS&#8221; &#8212; Seminarsonly.com\" src=\"https:\/\/www.seminarsonly.com\/news\/funny-new-year-messages-for-customers\/embed\/#?secret=wJVASSTJWV#?secret=ioIkE4CUQp\" data-secret=\"ioIkE4CUQp\" width=\"500\" height=\"282\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\"><\/iframe><\/p>\n<p>Freezing the student loan balances of graduates within six months of receiving their degrees also applies to students within the six-month grace period post-graduation. If a student&#8217;s grace period expires before March 13, 2020, their payments and interest rates stop when the coronavirus relief period is over.<\/p>\n<p>Payment collections and interest accrual will resume on January 20, 2020, unless the President does something further.<\/p>\n<p>Students should begin developing a repayment plan now to help ease their return to monthly payments once the fall semester arrives.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Biden Student Loan Pause : Student loan debt reached approximately $1.6 trillion by the end of 2016, according to the Federal Reserve Bank of New York. Biden&#8217;s new order extends&hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-7198","post","type-post","status-publish","format-standard","hentry","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.2 (Yoast SEO v27.2) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Biden Student Loan Pause : Biden wants to keep the student loan moratorium in place - Seminarsonly.com<\/title>\n<meta name=\"description\" content=\"Biden&#039;s new order extends the student loan freeze through September 30 to help alleviate the financial burdens caused by COVID-19.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/seminarsonly.com\/news\/biden-student-loan-pause-biden-wants-to-keep-the-student-loan-moratorium-in-place\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Biden Student Loan Pause : Biden wants to keep the student loan moratorium in place\" \/>\n<meta property=\"og:description\" content=\"Biden&#039;s new order extends the student loan freeze through September 30 to help alleviate the financial burdens caused by COVID-19.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/seminarsonly.com\/news\/biden-student-loan-pause-biden-wants-to-keep-the-student-loan-moratorium-in-place\/\" \/>\n<meta property=\"og:site_name\" content=\"Seminarsonly.com\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/facebook.com\/seminarsonly\" \/>\n<meta property=\"article:published_time\" content=\"2021-07-25T17:41:06+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-12-31T12:31:27+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.seminarsonly.com\/news\/wp-content\/uploads\/2021\/07\/biden-300x225.jpg\" \/>\n<meta name=\"author\" content=\"Freddy John\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@seminarsonly\" \/>\n<meta name=\"twitter:site\" content=\"@seminarsonly\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Freddy John\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/seminarsonly.com\/news\/biden-student-loan-pause-biden-wants-to-keep-the-student-loan-moratorium-in-place\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/seminarsonly.com\/news\/biden-student-loan-pause-biden-wants-to-keep-the-student-loan-moratorium-in-place\/\"},\"author\":{\"name\":\"Freddy John\",\"@id\":\"https:\/\/seminarsonly.com\/news\/#\/schema\/person\/75cf706896b7210fb0a84651adc258bd\"},\"headline\":\"Biden Student Loan Pause : Biden wants to keep the student loan moratorium in place\",\"datePublished\":\"2021-07-25T17:41:06+00:00\",\"dateModified\":\"2021-12-31T12:31:27+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/seminarsonly.com\/news\/biden-student-loan-pause-biden-wants-to-keep-the-student-loan-moratorium-in-place\/\"},\"wordCount\":297,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/seminarsonly.com\/news\/biden-student-loan-pause-biden-wants-to-keep-the-student-loan-moratorium-in-place\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.seminarsonly.com\/news\/wp-content\/uploads\/2021\/07\/biden-300x225.jpg\",\"articleSection\":[\"news\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/seminarsonly.com\/news\/biden-student-loan-pause-biden-wants-to-keep-the-student-loan-moratorium-in-place\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/seminarsonly.com\/news\/biden-student-loan-pause-biden-wants-to-keep-the-student-loan-moratorium-in-place\/\",\"url\":\"https:\/\/seminarsonly.com\/news\/biden-student-loan-pause-biden-wants-to-keep-the-student-loan-moratorium-in-place\/\",\"name\":\"Biden Student Loan Pause : Biden wants to keep the student loan moratorium in place - 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