Last Updated Sept. 1, 2020
On March 20, 2020, the Secretary of Education directed the office of Federal Student Aid to provide the following relief
on ED-held federal student loans:
On March 27, 2020, Congress passed, and the president signed into law, the Coronavirus Aid, Relief, and
Economic Security Act (CARES Act), which provides for the above relief measures through Sept. 30, 2020.
On Aug. 8, 2020, President Trump directed the Secretary to continue to suspend loan payments, stop collections,
and waive interest on ED-held student loans until Dec. 31, 2020. It is possible that Congress may take additional
action before these benefits end.
This page as well as StudentAid.gov/coronavirus will be updated with
information for students, borrowers, and parents on a regular basis, so please check back frequently.
Below are the actions being taken to provide continued relief:
0% Interest Rate
Temporarily Postponed Payments Through Dec.31, 2020
During the Administrative Forbearance
Income Driven Repayment (IDR)
Public Service Loan Forgiveness (PSLF)
Opting Out (Ending) the Administrative Forbearance
StudentAid.gov/coronavirus has information about topics such as the 0% interest period, forbearance (temporary suspension
of payments), and defaulted loans.