Eligibility: Individuals with federal student loans
Important Dates: Student loan payments restart after Dec. 31, 2022.
Description: The CARES Act provides relief to federal student loan borrowers during the COVID-19 national emergency. Federal student loan borrowers are automatically being placed in an administrative forbearance, which allows borrowers to temporarily stop making monthly loan payments. Interest will not accrue during this time. Borrowers may continue making payments if they choose. Additional information about automatic deferral, interest, and eligibility can be found online.