What To Know About Trump’s New Student Loan Forbearance Orders
- By
Julia Austin
Source: Catherine McQueen / Getty
Federal is better for the future
Many of the low-interest private loans being offered to potential refinancers are also variable, so they could change, whereas interest rates on Federal loans are far more stable. And, Lewis reminds borrowers that, there may be other times in the future when they may need economic forbearance programs but, once again, having a private loan would likely make them ineligible for those.
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