The brand new CARES Act provides relief to consumers paying certain kinds of federal student loans

11th Circuit Guidelines For Student Defense Readers From inside the Landmark Choice

Update: Brand new Service out-of Degree possess blogged the fresh ideas on a Presidential Memorandum extending the newest CARES Act’s student loan save up until . Increased detail to the relief is available below.

Notably, these types of arrangements simply apply to Direct money and Federal Friends Studies (FFEL) Financing already belonging to the newest You.S. Agencies away from Education. The fresh CARES Work does not affect FFEL loans kept by banks and other commercial loan providers or to Perkins financing. Read More