Who got the most student loan cancellation?
Student loan cancellation: disproportionate benefit for doctors and lawyers
According to the study, doctors and lawyers who are recent graduates and who have not started repayment will benefit most from the student loan payment pause. Why? Doctors typically borrow higher student loan debt — $265,000 on average, according to the study — and therefore pay relatively higher interest on their principal student loan balance. . In contrast, the average college graduate has $30,000 of student loan debt.
The student loan payment pause is scheduled to end on August 31, 2022. Democrats are calling to extend student loan relief, while most Republicans oppose any further extensions. Are you prepared for student loan repayment to restart? Make sure you know all your options. Here are some helpful options to save money:
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