In addition to the fear of COVID-19 itself, virtually all of us are living with tremendous economic uncertainty. This is particularly true for the millions of Americans already burdened by student loan debt.
In the weeks since this extraordinary crisis began, we have heard from thousands of borrowers who are confused and anxious about their student loan payments. We hear you, and we want to help
On March 27, President Trump signed into law the CARES Act. The $2 trillion stimulus package includes at least some relief for people with federally-held student loans. We want to help you understand these recent changes.
One of the provisions of the CARES Act requires student loan servicers to update borrowers about their accounts no later than Friday, April 10. We will be ready to address your resulting questions at our Tele-Town Hall the very next day.
Experienced and trusted experts and consumer advocates will explain the relief that is available to those struggling to afford their student loans. Save your seat here.
Important topics that will be covered:
- Automatic suspension of payments on some federally-held student loans for 6 months
- Automatic waiving of interest on federally-held student loans for 6 months
- Stoppage of wage garnishments and tax and social security withholding
- How this affects borrowers applying for Public Service Loan Forgiveness
Program Director, Student Debt Crisis
Student Debt Crisis is a people-powered advocacy organization with over 1 million supporters. We are committed to making education free and saving families from the crushing burden of student debt.
We are borrowers helping borrowers. Student Debt Crisis not affiliated in any way with the Department of Education or any other state or federal government agency. We are not attorneys or financial counselors and are not offering legal or financial advice.
*Contributions to Student Debt Crisis are not deductible for federal income tax purposes.