Department of Education halts loans payments to the end of September!

The U. S. Department of Education is automatically halting all payments for student loan borrowers until the end of September.

“To provide relief to student loan borrowers during the COVID-19 national emergency, federal student loan borrowers are automatically being placed in an administrative forbearance, which allows you to temporarily stop making your monthly loan payment,” the agency’s Federal Student Aid office said in an announcement.

Suspension of payments will last until Sept. 30, but student loan borrowers can still choose to make payments. Borrowers should receive a notification once the forbearance benefit has been applied to their accounts no later than April 10, ... (Read more)

Latest News