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You Can Ignore Those Student Loans. Leniency Is Guaranteed for Now
A one-year program put in place recently means people won’t be penalized for missed payments beyond accrued interest.
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Ignoring federal student loan bills could be a good option for some when payments come due this fall.
A one-year leniency program from the Biden administration will remove the harshest penalties for missed payments after billing resumes in October. That means prioritizing other higher-interest debt might make sense, experts say.