Ask Terry Questions Student Loan Pause

Student Loan Pause

By Terry Savage on December 14, 2021 | College Savings / Student Loans

Even though the Student Loan interest was paused in 2020 & 2021, We continued to receive Billing from Sallie Mae for Accrued Interest, which we paid. If it was paused, why did we continue to receive Accrued Interest Bills? I am confused !

Terry Says

Sallie Mae is a PRIVATE student loan. They weren’t bound by the Federal moratorium rules. But they might have allowed deferment of principal payments. Ask them how they treated your loan.

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