No Interest On Student Loans Until 2025 No Interest. Student loan forgiveness has been in the forefront, but the potential elimination of the student loan interest deduction warrants close attention too. This assistance includes funds like federal direct student loans and pell grants that the department provides to “individual students,” her statement said.
This is because any accrued interest not covered by your monthly payment won’t be added to your principal balance. Eliminating excessive interest accrual on student loans has been a major biden administration focus.