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.
Political leaders such as Elizabeth Warren, are asking the president to forgive up to $50,000 which could eliminate the debt for many.
Still, any final decisions won’t be known until after September 30, 2021, when the Covid grace period will come to an end.
So many are still in need of getting answers to help them get some financial relief. While there may or may not be payments toward loans, here are five things you can do to help get your student loans back under control.
Use this grace period
If you have federal loans, you do not need to make a payment towards your student loans until September 30, 2021. There is 0% interest during this time. Now is the perfect time to pay as much as you can toward your loans.