Government Education loan Individuals Acquire some Rescue Due to COVID-19
On the , new Department of Education revealed conditions having student loan rescue getting tens of countless individuals responding to help you COVID-19. 1 Here are methods to certain questions about this new regulations.
Do the brand new relief apply to all of the education loan borrowers?
It recovery just applies to borrowers with a good government student education loans. Personal student loans aren’t eligible. Likewise, only federal college loans owned by the newest Service regarding Education are eligible. Eligible finance include Direct Loans (including Together with Money), including Government Perkins Funds and you will Federal Family Education loan (FFEL) Program finance kept by the Company out-of Degree. Read more →
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