-In the best of times student loans can be an annoyance. But, you signed the dotted line and have to pay them back. In the time of the coronavirus, the federal government has made provision for your loans not to hurt you, says INvestEd, an Indy non-profit that helps people answer questions about money for college.
According to INvestEd’s Bill Wozniak, three things Hoosiers need to know about the Federal Student Loan Suspension include:
Students do not have to take an action to receive a federal student loan interest waiver.
The 60-day waiver includes a majority of federal student loans, including federal direct loans, federal PLUS loans, consolidation loans, and some federal Perkins loans and FFELP loans.
The waiver does apply to delinquent federal student loans.
You can get questions about financial aid, student loans and more answered for free by phone at (317) 715-9007 or at www.investedindiana.org. INvestEd is a non-profit.