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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)

 

  • 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.

  • 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.

  • On Aug. 8, 2020, the COVID-19 emergency relief measures were extended on ED-owned federal student loans through Dec. 31, 2020.

  • On Dec. 4, 2020, the COVID-19 emergency relief measures were extended on ED-owned federal student loans through Jan. 31, 2021.

  • On Jan. 20, 2021, the COVID-19 emergency relief measures were extended on ED-owned federal student loans through Sept. 30, 2021.

 

 

Completing a FAFSA - Free Application for Federal Student Aid

Q: I haven’t filled out a FAFSA® form for the 2020–21 year because I didn’t think I needed financial aid. Now I’m unemployed because my company closed due to the coronavirus outbreak. Is it too late to fill out a FAFSA form?

A: No. The 2020–21 FAFSA form is available at fafsa.gov. It’s possible that you’ve missed deadlines for aid from your state or school, but the federal FAFSA deadline for 2020–21 is June 30, 2021.

 

Financial Aid Links

 

6 Things Students Need to Know During the Coronavirus (COVID 19)

Financial Aid Availability

 

 

5 Things to Know About Current Repayment Flexibilities and Your Federal Student Loans

 

 

 

 

 

 

 

Source: Federal Student Aid -studentaid.gov