More Student Loan Relief in the $2T Stimulus Bill
On Wednesday, the Senate unanimously passed a $2 trillion stimulus bill to assist Americans affected by the COVID-19 outbreak. Interest Waiver Extended to Six Months The government extended the interest waiver from two months to six months. While this waiver will...
How does the coronavirus affect my delinquent/defaulted student loans?
Any borrower who is more than 31 days delinquent as of March 13, 2020, will have an automatic suspension of payments for the duration of the declared emergency. Betsy DeVos, U.S. Education Secretary, announced today that the Education Department has stopped all...
Guidance on Federal Work-Study (FWS) During School Closures
If you’re a college student at an institution that has closed due to COVID-19 disruptions and you’re unable to work your scheduled Federal Work Study (FWS) hours, your institution may continue paying you wages during a closure. Federal law includes a provision...