Under stimulus package, student loan borrowers wouldn't need to make payments until October
Under the stimulus package, those with federal student loans wouldn't need to make a payment on their debt until October 2020.The U.S. Department of Education would stop its collection practices amid the pandemic, too.
An ambulance sits outside the US Capitol in Washington, DC, March 23, 2020, as the Senate continues negotiations on a relief package in response to the outbreak of COVID-19, known as the coronavirus.Congress is expected to pass to inject relief into an economy reeling from the coronavirus pandemic would grant the millions of Americans with federal student loans a break from their payments for at least six months.
The U.S. Department of Education would also put a halt to its collection practices during the health crisis, including seizing defaulted borrowers' tax refunds and Social Security checks. That should bring relief to the roughly
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