Stay tuned, stay safe, remain healthy – federal student loan rescue will be here! Last night, , the fresh Company out of Studies given tips about new student loan recovery getting government student loan consumers revealed regarding the CARES Work. The major development – you don’t need to do just about anything! Your rates of interest towards federally had student loans might possibly be automatically set to 0% by and money suspended through about . Federally possessed money is: All Direct Finance try owned by new Dept of ED Particular Federal Family unit members Training Money (FFEL) Some Perkins Financing Should your rate of interest has never come set-to zero otherwise your instalments have not yet , started suspended, provide the loan servicers for you personally to improve the expertise. Even although you has actually autopay options along with your financing servicer(s), your payments was suspended. (more…)