![Person in orange sweater looking at book at home](https://www.bankrate.com/2022/11/22175301/Student-loan-payment-pause-extended-through-June.jpeg?auto=webp&fit=crop&width=230&height=150)
Student loan payment pause extended through June
With the current pause, payments would resume no later than 60 days after June 30.
Heidi Rivera is a personal finance writer and reporter for Bankrate. Her areas of expertise include personal loans, student loans and debt consolidation, in addition to data collection and analysis. Heidi started covering personal finance topics in late 2018 and her work has been featured in several publications, including Money, MSN Money, Yahoo Finance and Money Under 30.
Before working in finance, Heidi spent several years in post production, working as a subtitle editor for different TV and film studios.
When she isn’t giving her best financial advice, Heidi enjoys spending time with her cats, crafting and pinning home decor ideas on Pinterest.
Before applying for any loan product, make sure you understand how the APR (annual percentage rate) works and how it accrues. I certainly didn’t know this when I took out private student loans in college and was surprised to see how much my balances had grown once I graduated. If possible, make interest payments even when you’re in your grace period — this can make a world of difference in the long run.
With the current pause, payments would resume no later than 60 days after June 30.
Biden’s student loan forgiveness plan could help narrow existing wealth gaps.
Biden’s student loan forgiveness plan is expected to impact 43 million borrowers.
Outsized debt loads and wage gaps can put some borrowers at higher risk of default.
Outsized debt loads and wage gaps can put some borrowers at higher risk of default.
Your values, your goals and how you handle pressure will help you decide.
Your values, your goals and how you handle pressure will help you decide.
Along with all the cheer, holiday events can cause damage that necessitate home renovations.