Covid 19 Virus Impact on
Federal Student Aid
If you’re concerned about your studies or loan repayment, we can help you understand what to do in certain circumstances. We’ll be adding information from financial aid sources for students, borrowers, and parents to this page on a regular basis, so please check back frequently. (as of February 19, 2021)
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On March 20, 2020, the office of Federal Student Aid began providing the following temporary relief on ED-owned federal student loans: suspension of loan payments stopped collections on defaulted loans and a 0% interest rate.
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On March 27, 2020, the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) became law, providing for the above relief measures on ED-owned federal student loans through Sept. 30, 2020.
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On Aug. 8, 2020, the COVID-19 emergency relief measures were extended on ED-owned federal student loans through Dec. 31, 2020.
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On Dec. 4, 2020, the COVID-19 emergency relief measures were extended on ED-owned federal student loans through Jan. 31, 2021.
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On Jan. 20, 2021, the COVID-19 emergency relief measures were extended on ED-owned federal student loans through Sept. 30, 2021.