Posted October 16, 2020
The pandemic is causing financial problems for people in several ways. Many have suffered from income loss due to furloughed or terminated jobs. Those with federal student loan debts can now receive temporary relief from monthly payments through the CARES Act. However, borrowers with private loans must continue to make their regular payments.
There can be jargon or confusing terminology associated with loans. If you find yourself confused by some of these keywords or phrases, you can reference this overview of important student loan debt terms to know.