Recent graduates have been on a bit of a roller-coaster ride. First, they waited to hear when the deferral program would end, then it was extended 3 more times under President Trump and 4 more times under President Biden. Then back in August, President Biden announced a plan to forgive up to $20,000 of student loan debt per person. The forgiveness program has now been paused pending a hearing before the US Supreme Court. Students will not be able to apply for the forgiveness program as of now. In response, the Administration has extended the student loan payment pause until June 31, 2023. This will allow time for the government to work through the lawsuits and hopefully come to a resolution. If there is no resolution by June 2023, student loan repayments will begin again on August 31, 2023. As of now, we advise that you sit tight, stay put, and we recommend that you DO NOT refinance your student loans with any private loan companies.