Our Finance Guide
  • Home
  • Loans
  • Tax
  • Credit Cards
  • Investing
No Result
View All Result
  • Home
  • Loans
  • Tax
  • Credit Cards
  • Investing
No Result
View All Result
Our Finance Guide
No Result
View All Result
Home Loans

Student loans, child tax credit unknowns could shock budgets in 2022

admin by admin
December 23, 2021
in Loans
0
Move over Fannie, the non-QM loan is in the fast lane

The New Year could prove to be painful on the wallet for many consumers, particularly some college graduates and young families.

Budget shocks could add up to shortfalls of several hundred dollars a month in 2022 for some, as monthly student loan bills are set to resume now in May, the prices for food and other items remain high and the future of the child tax credit looks extremely dim.

Related articles

IRIS Software acquires AccountantsWorld

What borrowers need to know about Biden administration’s reforms to the public service loan forgiveness program

Many people could be making tough choices on what bills to pay, and possibly looking for ways to work extra hours or find higher paying jobs to deal with essential bills, such as rent, the mortgage, car payments, and, yes, student loans.

Millions of borrowers had faced a looming Feb. 1 date for when they’d have to restart making payments on federal student loan debt.

On Wednesday, though, the U.S. Department of Education announced a 90-day extension of the pause on student loan repayment, interest and collections.

Those payments will need to resume May 1 now, based on the new extension.

The pause on student loan payments will help 41 million borrowers save $5 billion per month, according to the Department of Education.

“As we prepare for the return to repayment in May, we will continue to provide tools and supports to borrowers so they can enter into the repayment plan that is responsive to their financial situation, such as an income-driven repayment plan,” according to a statement by U.S. Secretary of Education Miguel Cardona.

Read more…

admin

admin

Related Posts

IRIS Software acquires AccountantsWorld

IRIS Software acquires AccountantsWorld

IRIS Software, a U.K.-based provider of accounting software, has acquired AccountantsWorld, a longtime provider of accounting and payroll software and cloud-based services to accountants, based in...

Move over Fannie, the non-QM loan is in the fast lane

What borrowers need to know about Biden administration’s reforms to the public service loan forgiveness program

After making payments on her student loans since 2005, Karen Tongson is finally free of her debt. In November, Tongson, an English and gender studies professor,...

Customers keep up with rising vehicle loans

Helping members in tornadoes’ aftermath

Soon after a devastating line of tornadoes hit Kentucky and other states Dec. 10, credit union leaders and the Kentucky Credit Union League came together to determine how...

“I’m Just Stuck In A Horror Movie”: Americans Saddled With Student Loan Debt Want Biden To Do More

Kraken is considering secured loans in exchange for NFTs

"I would like to get a loan of $5000, in exchange I offer you my token of BoredAPE, bought at $3500, but whose value is continuing...

Biden May Have Paused Student Loans, But Advocates Really Want Student Loan Cancellation

Biden May Have Paused Student Loans, But Advocates Really Want Student Loan Cancellation

was both a surprise and a game-changer for student loan borrowers. The Biden administration, including the U.S. Department of Education, made it clear for months: the...

Next Post
It’s unlikely the monthly child tax credit will be extended next year, which may ‘substantially’ increase child poverty

Child Tax Credit 2022: How can you still get $1800 in 2022 despite checks being over?

New rules for credit/debit card use online kick in from Jan 1 – Here’s how it’ll work

New rules for credit/debit card use online kick in from Jan 1 - Here's how it'll work

Risk-On Rally Resumes as Omicron Fears Recede

Risk-On Rally Resumes as Omicron Fears Recede

No Result
View All Result

Subscribe Us

By clicking submit, I authorize Our Finance Guide and its affiliated companies to: (1) use, sell, and share my information for marketing purposes, including cross-context behavioral advertising, as described in ourTerms of Service and Privacy Policy, (2) supplement the information that I provide with additional information lawfully obtained from other sources, like demographic data from public sources, interests inferred from web page views, or other data relevant to what might interest me, like past purchase or location data, (3) contact me or enable others to contact me by email with offers for goods and services from any category at the email address provided, and (4) retain my information while I am engaging with marketing messages that I receive and for a reasonable amount of time thereafter. I understand I can opt out at any time through an email that I receive, or by clicking here.

RECOMMENDED

Will student loan forgiveness ever happen? What we know so far
Loans

Will student loan forgiveness ever happen? What we know so far

Biden team insists taxes won’t go up for most people
Tax

Biden team insists taxes won’t go up for most people

CATEGORIES

  • Credit Cards
  • Investing
  • Loans
  • Tax
  • Uncategorized

Subscribe Us

By clicking submit, I authorize Our Finance Guide and its affiliated companies to: (1) use, sell, and share my information for marketing purposes, including cross-context behavioral advertising, as described in ourTerms of Service and Privacy Policy, (2) supplement the information that I provide with additional information lawfully obtained from other sources, like demographic data from public sources, interests inferred from web page views, or other data relevant to what might interest me, like past purchase or location data, (3) contact me or enable others to contact me by email with offers for goods and services from any category at the email address provided, and (4) retain my information while I am engaging with marketing messages that I receive and for a reasonable amount of time thereafter. I understand I can opt out at any time through an email that I receive, or by clicking here.

© 2026 Our Finance Guide, All Rights Reserved.

  • Contact Us
  • Privacy Policy
  • Terms Of Service
  • Unsubscribe
  • Privacy Choices
No Result
View All Result
  • Home
  • Loans
  • Tax
  • Credit Cards
  • Investing

© 2026 Our Finance Guide, All Rights Reserved.

Skip to content
Open toolbar Accessibility Tools

Accessibility Tools

  • Increase TextIncrease Text
  • Decrease TextDecrease Text
  • GrayscaleGrayscale
  • High ContrastHigh Contrast
  • Negative ContrastNegative Contrast
  • Light BackgroundLight Background
  • Links UnderlineLinks Underline
  • Readable FontReadable Font
  • Reset Reset