Tucked into the $2 trillion coronavirus relief package signed into law last week are several provisions meant to help student loan borrowers weather the pandemic.Derek Brainard.
The Coronavirus Aid, Relief and Economic Security Act (CARES) suspends payments and interest on federal students loans for six months, alongside other relief measures. The legislation has implications for all federal loan borrows, particularly those seeking loan forgiveness through income-based repayment plans or the Public Service Loan Forgiveness Program.
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