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As the coronavirus affects Americans' finances, the federal government has put federal student loans in forbearance.
Forbearance can be a great source of relief for people with federal student loans.
David Klein, CEO of CommonBond (Update: Beginning with the 2022-23 academic year, CommonBond is no longer originating student loans nor offering refinancing), suggests three possible approaches to federal student loans during the pandemic.
Come October, your federal student loan balance won't be lower, but you'll owe less on your most expensive debts.
Persons:
Insider's, forbearance, David Klein, CommonBond, Klein, autopay, servicer, you've
Organizations:
Service, Loan Relief
Locations:
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