Angel Orth, 33, pays $500 a month towards her student loans for the undergraduate and graduate degrees she received from a public university in the United States nearly eight years ago. But the Florida realtor has barely seen her $70,000 balance go down due to ever-accruing interest.
Ive paid about $48,000 back, but the balance just seems stuck, Orth, who holds a Masters degree in visual rehabilitation therapy, told Al Jazeera. Id love to have my $48,000 credited toward my principal. Eliminating interest would be huge.
For now, Orths student loans payments are on hold. The passage of the $2.2 trillion Coronavirus Aid, Relief, and Economic Security Act in April temporarily froze federal student loan payments and interest accrual, a measu…
Read the full article at: https://www.aljazeera.com/economy/2020/12/18/will-biden-cancel-americas-1-7-trillion-in-student-loan-debt