April 4, 2020
The recently ratified Coronavirus Relief Bill, now known as the CARES Act, requires interest to be suspended on federal loans from March 13, 2020 to September 30, 2020. For borrowers in repayment, payments are not required during this period. Automatic payments for borrowers with ACH payments will be suspended by the loan servicers automatically. Suspended payments will continue to count toward forgiveness programs.
Get more information from the Department of Education.
Independent students not claimed by parents should file a 2019 tax return regardless of their minimum income to do so in order to be eligible for a stimulus check. File your taxes for free through the IRS website