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Added on the 30/07/2019 09:27:31 - Copyright : Wochit
President Biden issued an executive order extending a pause on federal student loan payments. The order will cover the vast majority of all federal student loans. Under President Biden's direction, the pause will allow borrowers to defer payments without penalty and reset interest rates to zero. According to HuffPost, the pause will be in effect through at least the end of September 2021. A pause on payments initially went into effect in March 2020 due to the coronavirus pandemic. It was extended in December and was scheduled to expire on Jan.31
If you're struggling to pay off debt, consider what one waitress did to clear up $6K of student loans in just eight weeks. Business Insider reports Chelsea Clarke started waitressing upon graduating from college, and immediately adopted four key financial strategies. Business Insider reports she hustled for side gigs first. She picked up extra shifts and networked with her customers to land website design jobs. Next, she kept her money in cash. Paying for things in cash immediately caused her to reduce her spending. Then, she used a spreadsheet to track every bit of income and expenditure. That kept her on track so she could adopt her fourth strategy. The fourth tactic was to use her spreadsheet to set weekly goals and, if she met them, to celebrate in an affordable but meaningful way!