What To Know About Trump’s New Student Loan Forbearance Orders

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donald trump and student loans

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Pay now to pay less later

The second reason Lewis encourages those who can pay now to pay is that, right now, for students who took out loans this year, interest is not accruing, so it’s a great time to pay down that principal so that when interest rates do resume, that interest is on a smaller principal amount. This can make the overall loan amount more manageable, once interest begins to accrue again.

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