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Millions could lose vital relief programs under new GOP proposals. Here’s what’s changing, and how borrowers can prepare.
Federal student loan borrowers have long relied on deferment programs to pause payments during tough times, such as unemployment or financial hardship. But new proposals in Congress could strip those options away. According to CNBC, House and Senate Republicans are pushing to end unemployment and economic hardship deferments. These programs allow eligible borrowers to pause payments for up to…
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