Student loan borrowers would be allowed to put off paying their federal student loan payments without penalty until September 30 under the Senate coronavirus stimulus bill passed late Wednesday.
Washington
The bill provision extends the plan already put in place by the Education Department amid the coronavirus crisis, which allows borrowers to defer their payments without interest for at least 60 days. But the deferred-payment benefit currently isn't automatic and requires borrowers to contact their loan servicers to ask for help. The Senate bill automatically suspends those payments without interest for the next six months.
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