Do I Need to Pay My Student Loans?
If you have a qualifying federal student loan, you do not have to pay it now! The CARES Act allows you to not pay your federal student loans until September, and they also won’t accrue interest during this time. Starting March 13th until September 30th, your balance will be frozen – it will not increase because of interest and you do not need to make payments.
Does My Loan Qualify?
How do you get a waiver?
You don’t need to do anything, the process is automatic. The waivers will be applied retroactively to March 13th, so if you have made a payment in the meantime you can request a refund.