Join Student Debt Crisis for their free Tele-Town Hall: COVID-19 Student Loan Relief and Policy Updates on Saturday, April 11, 2020 at 11AM PT.
In addition to the fear of COVID-19 itself, virtually all of us are living with tremendous economic uncertainty. This is particularly true for the millions of Americans already burdened by student loan debt.
In the weeks since this extraordinary crisis began, we have heard from thousands of borrowers who are confused and anxious about their student loan payments. We hear you, and we want to help
On March 27, President Trump signed into law the CARES Act. The $2 trillion stimulus package includes at least some relief for people with federally-held student loans. We want to help you understand these recent changes.
One of the provisions of the CARES Act requires student loan servicers to update borrowers about their accounts no later than Friday, April 10. We will be ready to address your resulting questions at our Tele-Town Hall the very next day.
Experienced and trusted experts and consumer advocates will explain the relief that is available to those struggling to afford their student loans. Save your seat here.
Automatic suspension of payments on some federally-held student loans for 6 months
Automatic waiving of interest on federally-held student loans for 6 months
Stoppage of wage garnishments and tax and social security withholding
How this affects borrowers applying for Public Service Loan Forgiveness
At Student Debt Crisis, we understand the overwhelming burden of student loans and we promise to remain vigilant in this fight. We are dedicated to helping families who are burdened every day with the weight of student loan debt – we won’t stop until this crisis ends.
We sincerely look forward to your attendance.
Program Director, Student Debt Crisis