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Student Loan Pandemic Relief is Extended To End of The Year

September 8, 2020 | Adam S. Minsky, Esq. Articles

Earlier in August, President Trump signed an executive memorandum to extend pandemic-related student loan relief, which was previously scheduled to expire on September 30, 2020. The President’s executive action extends this student loan relief to December 31, 2020.

Here’s what you need to know:

  • All payments, interest, and collections on government-held federal student loans will continue to be suspended through December 31, 2020.
  • The relief only applies to government-held student loans — not commercially-held FFEL loans, Perkins loans, or private loans.
  • The Department of Education recently confirmed that the months of suspended student loan payments will continue to count towards rehabilitation and loan forgiveness programs, including Public Service Loan Forgiveness, for those who are otherwise meeting all eligibility criteria.
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Articles student loan payments student loan relief student loans

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

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