Extension of student loan deferment offers grads opportunity

BREATHING EASIER: John Foley of Providence says he was worried he might have to default on $100,000 in student loans when he was laid off from his job as a supply chain analyst at the height of the pandemic last year, but a deferment on federal loans has allowed him to get his finances under control.  / PBN PHOTO/RUPERT WHITELEY
BREATHING EASIER: John Foley of Providence says he was worried he might have to default on $100,000 in student loans when he was laid off from his job as a supply chain analyst at the height of the pandemic last year, but a deferment on federal loans has allowed him to get his finances under control. / PBN PHOTO/RUPERT WHITELEY
When the pandemic hit last year, Providence resident John Foley lost his job as a supply chain analyst and was staring at more than $100,000 in student debt, half of which was federally backed student loans. “It was a huge household stress,” said the 34-year-old Johnson & Wales University alum, who lives with his girlfriend.…

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