Josh Mitchell
speaker
438 appearances
7 recordings
1 series
first heard Jul 2017
last heard Feb 2022
Josh Mitchell’s voice in public audio — every appearance, attributed to the second.
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Appearances
This is through September 30.
It's about six months.
There will be no interest.
So basically what's going to happen, and this comes from the Education Department,
your loans will be put on hold.
They will freeze.
According to what they've told me, you don't even have to do anything.
They are telling the servicers to stop collecting payments.
They go into this category called forbearance.
And again, the loans just sit there.
Interest does not accrue.
And then after six months, your balance of whatever it is today will be the exact same as it is, will still be the same.
First of all, most loans do.
Most of the federal loans will be able to take advantage of this.
If you have strictly private loans where there's not a federal guarantee, those do not qualify under this program.
You know, when the stimulus talks were going on last week, the Democrats wanted to just outright cut everyone's loan balance by $10,000 or even more.
And they did not get their way.
The final stimulus bill does not include a quote-unquote forgiveness provision.
That being said, a lot of people are enrolled in what you could call forgiveness programs.
Let's just use the so-called public service loan forgiveness program as an example.
Showing 241–260 of 438 · page 13 of 22
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