Federal Student Loans Under the CARES Act

By: Robert J. Nahoum WHAT IS THE CARES ACT? On Friday, March 27, 2020 the Coronavirus Aid, Relief, and Economic Security (“CARESâ€) Act became law.  The Act is a grab-bag of federal spending aimed at putting money in the pockets of businesses and people to stem the tide of the Corona Economy.  Among the beneficiaries of the act are student […]

What is the Federal Government Doing for Federal Student Loan Borrowers in Response to the Corona Economy?

An estimated 92% of all student loans are, in one form or another, owed to the federal government. As part of its response to the Corona Economy, the federal government has acted to protect, for the time being, student loan borrowers.  Here is what the Government is Doing: SUSPENSION OF INTEREST Interest has been waived for a 60-day period. The […]