5 Things To Know About Federal Student Loan Forbearance During The Coronavirus Crisis

Eric Raptosh Photography/Getty Images Federal student loan repayment is being suspended automatically for all borrowers until September 30, 2020. If you want to keep paying, you'll have to call. You can opt back into forbearance later, if you need to. Borrowers in default will also see temporary stops to wage garnishing, collections, and Social Security, disability, or federal tax rebate withholding. If you've made a payment to your federal student loans since March 13, you can get a refund. Read more personal finance coverage » The coronavirus outbreak is causing job losses by the thousands, raising the weekly US jobless count to a record 6.6 million. If you have a federal student loan, the Department of Education has been working with the government to ease the burden of student loan repayment in this difficult time.See the rest of the story at Business InsiderNOW WATCH: Here's how to escape a flooding vehicleSee Also:If you've been financially impacted by the coronavirus, you may be able to pause payments on these 8 bills22 lenders that may help you with auto loan and lease payments in response to COVID-19The federal tax-filing deadline has moved to July 15, and the IRS will waive penalties and interest on tax payments

BING NEWS:
  • Student Loan Repayments: What To Expect in 2025
    As 2025 approaches, and with it a new federal government, student loan borrowers who have benefitted from low or no repayments, enhanced pathways to forgiveness, and interest-free deferments will ...
    12/25/2024 - 7:06 am | View Link
  • More

 

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More Business News