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
Similar Stories to 5 Things To Know About Federal Student Loan Forbearance During The Coronavirus Crisis on Bing News
feedback@businessinsider.com (Liz Knueven), Business Insider
Sat, 04/04/2020 - 10:36am
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
MoviesWithButter : Our Sister Site
- "Expendables 4" Starts Shooting This Fall, Says Randy Couture at the Arnold Sports Festival more
- “Expendables 4” Gets Funding Interest from “Ip Man 3” Financier more
- "Ip Man 3" Distributor Suspected of Box Office Fraud, Parent Company Loses $200M in Market Cap more
- Yen Targets "Ip Man 4" for 2018 Release; Discusses Film with Director, Producer more
- "Ip Man 3" Shatters Expectations with $72M Opening [China Box Office] more