Student Loan Forbearance

Louder for the students!

On March 13, 2020, the president announced that interest would be waived on all federally held student loans. Which loans are covered by the announcement?

All loans owned by the U.S. Department of Education (ED) will have interest waived. That includes Direct Loans, as well as Federal Perkins Loans and Federal Family Education Loan (FFEL) Program loans held by ED.

Please note that some FFEL Program loans are owned by commercial lenders, and some Perkins Loans are held by the institution you attended. These loans are not eligible for this benefit at this time.

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