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
<p>The CARES Act passed on March 27, 2020, includes relief that applies to approximately 95% of all federal student loans. Borrowers should receive relief information associated with their loans via mail but check with the provider servicing your loan for details on specific options.</p>
Coming Soon
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.