ANSWERS TO YOUR QUESTIONS ON STUDENT LOANS.

This article from Kiplinger Personal Finance provides information on recent government policies and programs related to student loans. It explains that the COVID-19 pandemic triggered a freeze on loan payments and interest, which ended in the fall of 2023. The U.S. Department of Education is providing an "on ramp" period to help borrowers transition out of the payment pause. The article also discusses various debt relief programs proposed by the Biden administration, including automatic forgiveness for borrowers who owe more than they borrowed and expanded eligibility for loan forgiveness programs. It mentions the SAVE plan, an income-driven repayment plan that can lower monthly payments and potentially offer loan forgiveness. The article also provides information on loan consolidation, options for borrowers struggling to make payments, and assistance for Parent PLUS loans. It advises caution when considering refinancing federal loans with private lenders, as it may result in the loss of federal relief options. [Extracted from the article]