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re: Rejoice debtors, Biden says student loans won't be considered delinquent until 9/30/2024
Posted on 7/5/23 at 1:18 pm to LEASTBAY
Posted on 7/5/23 at 1:18 pm to LEASTBAY
quote:
When that date come will it be 12 months of payments past due? Gonna be a sad day.
That's the question. I understand no late fees and no credit reporting, but will you need to pay the 12 months + interest to be caught up. And if you can't pay it all, will you start incurring late fees?
1
Posted on 7/5/23 at 1:50 pm to SlimTigerSlap
Just read the plan and interest accumulation is a much lesser worry than I originally thought.
quote:
Borrowers won’t have to pay interest that accrues in a month beyond what’s covered by their monthly payment.
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