President-elect Joe Biden has gone on record saying he will forgive student loans and extend coronavirus relief in 2021. But if your federal student loans are currently in forbearance under the Trump executive order, you should still prepare for repayment to resume in January. Nothing is guaranteed until Congress passes new legislation.
“From a financial planning perspective, a good way to stay ahead in general is to plan for the worst case scenario,” says debt-relief lawyer and mother of five college students, Leslie Tayne ofTayne Law Group.
While it may sound pessimistic, being over prepared will help you no matter what 2021 brings.
Ahead, Tayne gives her advice on what to do if you have to start repaying your federal student loans …
Read the full article at: https://www.cnbc.com/select/how-to-prepare-for-student-loan-payments-restart/