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The more than 40 million Americans who have federal student loan debt have been granted another reprieve, as the Biden administration extended the moratorium on payments until May, 2022.
Now, borrowers have an extra three months to prepare for the financial burden of once again making these payments. But is this reprieve really enough? For many, the answer is no, says Greg Poulin, CEO of student loan benefits provider, Goodly.
Amanda Schiavo is an associate editor of Employee Benefit News. Follow her on Twitter at @SchiavoAmanda.
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