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Tim Hong

Chief Product Officer
MoneyLion
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Tim Hong

What the End of Student Loan Forbearance Means for Consumer Debt in 2023 and Beyond

The three-plus year forbearance period on federal student loan payments brought on by the CARES Act ― passed by Congress in March 2020 in response to the COVID-19 pandemic ― has come to an end on October 1st. In addition to suspending payments on all federal student loans, the CARES Act also dropped interest rates to zero during the freeze and sus...

17 October 2023 Personal Finance

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