Debt is like a crushing weight on anybody experiencing it. That's why debt consolidation loans are so appealing. But debt consolidation loans are always the best option. It is important to weigh the impact of getting a new debt consolidation loan.

President Biden announced that the Build Back Better Plan would push $45 billion of their $3.5 trillion budget toward funding HBCUs. The funding was expected to go toward a plethora of issues and plans to rebuild HBCUs.

A Presidential Memoranda was issued on January 20, 2021, which extended the pause on federal student loan payments and collections, keeping the interest rate at 0%. More than 42 million federal student loan borrowers will have student loan debt relief until September 30, 2021.

Payments on federal student loans held by the Department of Education have been deferred until December 31, 2020. The memorandum also includes federal borrowers not having to pay interest during the extended deferment period.

Over half of Americans live paycheck-to-paycheck, and additional financial stress has been added since the worldwide spread of the coronavirus. More than 40 million Americans are unemployed and having to file for unemployment benefits.