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Monday, June 17, 2024

Student Loan Relief Announced 

ICYMI: District residents who are struggling to pay private education loans due to the coronavirus (COVID-19) public health emergency can take advantage of expanded financial relief options.

Qualifying residents can obtain loan forbearance and other protections. Options include providing a minimum of 90 days of forbearance; waiving late payment fees; no negative credit reporting; ceasing debt collection lawsuits for 90 days and other borrower assistance programs, such as income-based repayment.

To get details, visit the US Department of Education’s National Student Loan Data System at nslds.ed.gov, or call Federal Student Aid Information Center at 1-800-433-3243 or 1-800-730-8913 (TDD). Borrowers with private student loans should check the contact information on their monthly billing statements.

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