Recently, the government has announced a major financial relief plan for college students who are struggling to repay their student loans. This plan will enable borrowers to pause their payments for one year with no interest or penalties. In addition, the government will provide additional support to borrowers who are already in default.

For many college students, this news comes as a huge relief. For the past several years, student loan debt has been a major source of financial burden for many young adults. With this plan, all borrowers will be able to take a break from their repayments and save money on interest and penalties.

If you are a college student who has been struggling to repay your student loans, this is the perfect time to take advantage of this new relief plan. For one year, you won’t have to worry about missing payments or paying interest and penalties. Take the time to get your finances back on track and start saving money.

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source: Phys.org