Did you know..?

As a result of the CARES Act, due to COVID-19, if you have a federal loan by U.S. Department of Education your interest rate of 0% has been extended to December 31, 2020.

Tip: If your able to make payments during this time, if will reduced the total amount owed. [1]

 

 To find out what type of loans you have, follow these steps: [2]

1. Visit StudentAid.gov/login
2. After you log in with your username and password (FSA ID), you will be able to see your loan(s) listed on the StudentAid.gov Dashboard.
3. Click “view details.”
4. Scroll down to the “Loan Breakdown” section. If your loan(s) is owned by ED, you will see “DEPT OF ED” before the loan servicer’s name. These are the loans eligible for the 0% interest rate.

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 [1] & [2] HOMEROOM. The Official Blog of the US Department of Education, September 9, 2020

     https://blog.ed.gov/2020/09/6-things-students-need-know-coronavirus-covid-19/