Submitted by kxb144 on Mon, 03/16/2020 - 14:21

Economic Relief

https://www.cnbc.com/2020/03/13/mnuchin-may-suspend-student-loan-repayments-amid-coronavirus-outbreak.html

Summary

“After declaring a national state of emergency to combat the coronavirus pandemic, President Trump announced he is waiving accrued interest on all federal student loans “until further notice.” The President’s announcement will provide relief to more than 42 million borrowers with $1.5 trillion in outstanding federal student loans…”

Questions

We do not yet have specific information about how the suspension of the loan repayment/loan interest process will work. We encourage you to contact your Federal Loan Servicer for specific questions about your loans, repayment, and deferment options.

You can also watch for federal loan updates here:

https://studentaid.gov/announcements-events/coronavirus

Don't know who your federal servicer is? No problem.

You can find your federal loan servicer on studentaid.gov or by calling the Federal Student Aid Information Center at 800-4-FED-AID.

To view on studentaid.gov:

  1. Log into your account with your FSAID and select "My Aid" from the drop down options.
  2. View your loan summary.
  3. View loan servicer information.

Find your federal loan servicer at studentaid.gov