Announcement

Collapse
No announcement yet.

Feds Suspend Interest Accrual on Federal Student Loans

Collapse
X
Collapse
First Prev Next Last
 
  • Filter
  • Time
  • Show
Clear All
new posts

  • Feds Suspend Interest Accrual on Federal Student Loans

    The federal government has announced the temporary suspension of student loan interest accrual on federal loans in response to the COVID 19 pandemic. Unfortunately, this does not apply to private loans.

    This Politico article contains more details:
    https://www.politico.com/news/2020/0...pension-128181

  • #2
    Not to be critical.
    For those in repayment, how does this impact the various repayment plans in amount and qualification for number of payments for loan forgiveness and PSLF? A lot of potential for misunderstanding here.
    Who would have thought that was possible?

    Comment


    • #3
      Originally posted by Sergio Estavillo View Post
      The federal government has announced the temporary suspension of student loan interest accrual on federal loans in response to the COVID 19 pandemic. Unfortunately, this does not apply to private loans.

      This Politico article contains more details:
      https://www.politico.com/news/2020/0...pension-128181
      I assume additional payments at this time (once in effect) would therefore be solely targeted at principal balance? Or will it go to uncapitalized interest???

      Comment

      Working...
      X