Student loan stimulus: Suspended payments, plus coronavirus relief from collections
WASHINGTON – Many student loan borrowers far behind on their payments will see the federal government easing collection efforts as part of its response to the financial uncertainty as coronavirus spreads. The federal government will no longer withhold portions of borrowers’ tax returns and Social Security payments, the Education Department said Wednesday. And borrowers whose paychecks were garnished will be entitled to their full wage – although their employers must make the change to their paycheck. mostly for people who have been missing ...
Click
To Read Full Article