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CNBC

CNBC

As natural disasters intensify, affected student loan borrowers have options

CNBC
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88% Informative

There was a record number of billion-dollar disasters in the U.S. during 2023 , including wildfires, droughts and tornados.

Borrowers impacted by natural disasters may qualify for temporary relief from student loan payments.

The Heroes Act of 2003 provides "several forms of relief" to certain student loan borrowers in an area affected by a natural disaster.