said he believes the president doesn't have the legal authority to implement a payment pause and interest waiver for borrowers.
Still, he said, "it's unlikely that anybody is going to object to the executive order with regard to the student loan provisions." The payment pause, like the one in the CARES Act, is expected to be automatic. That means you shouldn't have to call your servicer and ask that your loans be put on hold.Will SealyIt's not yet clear if the missed months will still count as payments for those enrolled in income-driven repayment plans or the public service loan forgiveness program.
"Send your request via multiple channels, like phone, email or social media," he added. "Always be sure to get resolutions in writing in case you need to have them for the future."
acorns
acorns I hope Joe Biden don’t fuck this up.
acorns This is what you get when you elect a fake TV president realDonaldTrump. First question to ask is 'will this help my reelection?' Not if the actions are constitutional or even legal. A weak leader who cannot lead will act alone to retain his power. BlueWave2020. VoteAllBlue
acorns Not fixing the issue of massive student loan debt tho 🤷♀️
acorns jimcramer POTUS stevenmnuchin1 Trump is chipping away at democrats' traditional causes. Perhaps this is why they insisted on that state aid in the deal. The only way they could actually differentiate themselves and claim a victory unique to them.
acorns He has zero authority to do this. Just another gimmick to get re-elected and ruin us further
acorns Why? Make them pay. If they have the money to buy paint for vandalism, they could pay.
acorns You won’t see this on the news
acorns What if we just gave them a break until forever 👀
acorns Empty gestures from a man desperately trying to avoid prison. He could’ve suggested this long ago. Instead of a tax cut for himself.
acorns Never borrow what you cant pay back. Glad they get a short term break to allow for planning on repayment..
acorns So he won't screw them until AFTER the vote.
acorns And next year Pres. Biden can just eliminate ALL student debt with an EO!