Biden Administration announced that federal student loan payments had been paused, again, until August 31, 2022. Although this is the sixth extension, it is essential to look at different ways to begin paying off student loans.

Previously, nearly 56% of high school graduates had filled out their FAFSA applications prior to the pandemic. However, once the pandemic hit and all education was forced to be done remotely, the percentage saw a fall to 53%.

On December 22, 2021, the White House announced the extension of the student loan relief plan until May 1, 2022. President Joe Biden stated that he would extend the relief period for an additional 90 days.

Understanding the financial aid process can be confusing. Therefore, we are debunking 5 common FAFSA myths. ​

A mistake on the FAFSA can lead to a lot of frustration and can result in you missing out on much needed financial aid. Save yourself the headache and get your FAFSA questions answered before you apply.