Student Loans and the Coronavirus Aid, Relief, and Economic Security Act (CARES Act)
Borrowers closely tracking the student loan news are likely to have heard many contradictory things as a result of the rapidly changing government response to the COVID 19 crisis. On March 13, 2020, the Executive Branch suspended interest on federally held student loans and announced that borrowers could suspend payments temporarily by requesting administrative forbearance. Shortly after, the Senate proposed additional student loan relief provisions. Ultimately, on Friday, March 27th, the Coronavirus Aid, Relief, and Economic…
By Heather | Category: Personal Finance, Student Loan Policy, Student Debt, Public Service Loan Forgiveness, Private student loans
