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Coronavirus Student Loan Updates

March 18, 2020 | Adam S. Minsky, Esq. Articles Current Events

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Student loan borrowers — in particular, federal student loan borrowers — do have some options for managing student loans during this time of hardship. Start assessing your situation and making a plan of action.

As Congress and the President work towards providing economic relief, we will do our best to stay on top of the latest developments. You can check back here periodically, as well as Attorney Minsky’s Forbes page, where he frequently posts articles on breaking developments. You can also follow Attorney Minsky on Twitter, LinkedIn, and Facebook.

Here is the most up-to-date information we have on various student loan protections enacted in response to the COVID-19 Pandemic:

Update, 3/20/2020: The U.S. Department of Education announced new relief for student loan borrowers: a special administrative forbearance of up to 60 days, and relief from automatic payments during times of delinquency. Learn more here.

Update 3/25/2020: The U.S. Department of Education has announced that it will be suspending forced collections on defaulted federal student loans, including wage garnishments and tax refund seizures. Learn more here.

Update 3/27/2020: The President and Congress passed a stimulus bill that includes a six-month suspension of payments for many federal student loan borrowers. Learn more here. Additional details were released on 4/2/2020.

Update 4/24/2020: New efforts to provide relief to student loan borrowers may be in the works. A bipartisan bill could expand the relief provided by the CARES Act. And we are seeing new efforts to provide relief to private student loan borrowers, as well.

Update 4/28/2020: Massachusetts has enacted sweeping student loan legal protections for borrowers in collections, but those protections are now being challenged in court. Read more here.

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We are committed to the health and safety of our clients as the Coronavirus crisis continues to unfold. Here are some updates to our policies and procedures:

  • All client meetings will be held by phone or video conference.
  • Attorney Minsky and staff will be primarily working remotely.
  • For new and prospective clients, the best way to reach the office during this time would be via email or the contact form on our website.

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Articles Current Events

About Adam S. Minsky, Esq.

Adam S. Minsky founded the first law office in Massachusetts devoted entirely to assisting student loan borrowers, and he is one of the only attorneys in the country practicing in this area of law. He provides counsel, legal assistance, and direct advocacy for borrowers on a variety of student loan-related matters. He regularly speaks to students, graduates, and advocates about the latest developments in higher education financing.

Books by Adam S. Minsky

The Student Loan Handbook for Law Students and Attorneys

The Student Loan Handbook for Law Students and Attorneys

Student Loan Debt 101

Student Loan Debt 101: The Definitive Guide to Understanding and Managing Your Student Loans

Student Loans for Parents and Cosigners

The Student Loan Guide for Parents and Cosigners

617-936-2788
asminsky@minsky-law.com
By Appointment Only 265 Franklin Street, Suite 1702
Boston, MA 02110

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