Subsequent stimulus package deal might lengthen scholar mortgage cost pause till Might
It appears that lawmakers on both sides of the aisle are in favor of extending the student loan forbearance.
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Student loan borrowers may not have to worry about their monthly bills until at least May of next year.
In a summary of bipartisan legislation circulated on Wednesday that could become the next stimulus package, lawmakers included a provision to continue student loan forbearance through April 30, 2021.
The payment pause has been repeatedly extended amid the pandemic.
The U.S. Department of Education first said in March that the 42 million Americans with federal student loans would be off the hook from their monthly bills until September. Then President Donald Trump signed an executive order in August that continued the interest-free reprieve until the end of December.