Since the beginning of the pandemic, many problems the United States is struggling with have taken the spotlight and shown how problematic they can really be.
These issues have really got people talking, including our political figures.
One of the most controversial topics has been one that affects millions of Americans despite gender or race, and that would be student loans. Student loans have become a hindrance to many millennials and their families.
Even President Joe Biden promised to help bring down student loans during his presidential campaign and promised to give student loan payers at least $10,000 to pay towards their loans.
Still, many student loans are on hold through at least the end of August 2023, but not all of them.
So many are still in need of getting answers to help them get some financial relief.
If you have to keep paying your loans, we’ll discuss ways you can manage your payments if you need help.
First, let’s take a look at which student loans are on hold.
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Which student loans are on hold?
As mentioned before, not all student loans are on hold. Not even all federal student loans are on hold.
Here’s a list of which loan types are eligible and ineligible for the ongoing federal loan repayment suspension, according to USA Today.
If you were late on your loan payments, the pause also stipulates: