5 FAQs About Student Loans, Answered

How new government policies might benefit federal student loan holders.

A group of young people in cap and gown celebrating after graduation.
(Image credit: Getty Images)

Borrowers of federal student loans have had a lot to keep up with since 2020, when the COVID-19 pandemic triggered a three-year freeze on loan payments and interest. 

In 2022, President Biden announced a plan to deliver on campaign promises and relieve up to $400 billion in student debt for tens of millions of borrowers. Last summer, the Supreme Court blocked that plan. Since then, the Biden administration has unveiled a series of new debt relief programs; if all of them are implemented, they would provide relief to more than 30 million borrowers and forgive $153 billion in loan debt. But some of those plans face legal challenges, too.

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Sarah Brady

Sarah Brady has covered personal and business finance since 2017. Prior to that, Sarah worked as an NFCC-Certified Credit Counselor, a HUD-Certified Housing Counselor, and taught financial education workshops for the San Francisco Mayor's Office of Housing affordable homebuyer programs.  

In addition to Kiplinger, Sarah has also written for CNN Underscored, Forbes Advisor, USA Today Blueprint, Fortune, Investopedia, Experian and more.