Restructuring Your Student Loan During the Loan Moratorium
During the loan moratorium period, many Americans have experienced a decline in their student loan payments. While this isn’t necessarily a bad thing, it does make it important to know how to restructure your loans to save yourself money. Interest accrued during the moratorium period During the loan moratorium period, interest accrues on the loan amount. The interest will increase the principal amount and must be paid after the moratorium period is over. When the moratorium period ends, borrowers will have to begin paying EMIs. Borrowers may choose to pay…
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