Federal student loan borrowers may receive loan relief, including suspended payments and zero interest
For residents of:
South Florida and beyond
Provided by:
U.S. Department of Education
Ideal for:
Federal Student Loan Borrowers
The CARES Act includes relief that applies to approximately 95% of all federal student loans.
Coming Soon
Need more help with Rent and Housing?
Find money for rent & utilities, and free legal advice if you're facing eviction.
Go to the Rent and Housing program finderShow more programs
No items found.
Benefits
- Loan payments are automatically suspended without penalty until December 31, 2020.
- Loan payments suspension started March 13th. If you made a payment after that date, you may be eligible to receive a refund. Contact their loan servicer for details.
- Interest will not accrue while loan payments are suspended.
- Collection of defaulted loans is suspended until December 31, 2020.
- For borrowers working towards loan forgiveness through the Public Service Loan Forgiveness program there is a special benefit: the 6 months of payments being suspended will count towards the fulfillment of the 10 year/120 payment plan.
Show more
Eligibility
- Relief applies mostly to Direct and Federal Family Education Loans (FFEL).
- Benefits do not apply to Perkins Loans, commercially-held FFEL loans or private student loans.
Show more
Go back
Heading
No items found.