Some student-loan companies are offering borrowers cheaper payments before the October restart. Making the switch could strip away a range of debt relief programs.

Sat, 08/05/2023 - 06:15

Tech Insider

Economy

Politics

• Some student-loan companies are encouraging federal borrowers to refinance before the payment restart.
• Refinancing could strip a borrower of all their federal benefits, including broad debt relief.
• The CFPB said it is monitoring how companies are advertising refinancing to borrowers.

It's a precarious time for millions of student-loan borrowers.

Tags

economy, politics, Policy, Student Debt, Student Loans, student loan forgiveness, refinancing, Biden, CFPB, Education Department, Joe Biden

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Some student-loan companies are offering borrowers cheaper payments before the …