COVID-19 Information for Direct Loans
On March 13, 2020, President Trump
that interest would be waived for all federal student loans owned
by the U.S. Department of Education. On March 27, 2020, the president
signed the CARES Act into law. This provides relief for your Direct Loans due to the COVID-19 emergency. We will
continue to provide updates here regarding the action we are taking to help you:
0% Interest Rate
Payments Stopped Through September 30, 2020
During the Administrative Forbearance
For more information, please visit Federal Student Aid’s coronavirus disease 2019 (COVID-19) information page
located at StudentAid.gov/coronavirus. The page includes
information about relief to student loan borrowers, including those who have defaulted on their federal student
loans. Please visit the page regularly for updates.
National Emergency Information for FFELP
We are here to assist with your student loan needs during the emerging COVID-19 situation.