|
The CARES Act - Impact on Federal Student Loans
The Cares Act suspends payments without the accrual of interest through 9/30/2020. Additionally, these suspended payments count as qualified payments for the purpose of loan forgiveness programs. The bill does not affect private loans. If you’re interested in learning more, here’s a comprehensive article that recently appeared in Forbes – What The Coronavirus Stimulus Means for your Student Loans.
|