New loan forbearance rules in place for 2021

  • New rules have been released regarding loan forbearance, including who qualifies and application deadlines
    New rules have been released regarding loan forbearance, including who qualifies and application deadlines
The COVID-19 pandemic has had a crippling effect on the economy for individuals and businesses. With businesses closed and jobs lost, many faced the challenge of making loan payments. Although the federal government’s loan forbearance program in 2020 helped, that ended in January this year. However, a new set of guidelines has been put in place, said Cindy Clampet, Oklahoma State University…

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