 TITLE: Should You Continue to Make Student Loan Payments During COVID-19? CONTENT: How Has Federal Student Loan Repayment Changed During COVID-19?\n---------------------------------------------------------------\nIn addition to the other economic aid provided by the CARES Act—including for unemployed workers and small businesses—the law outlined several ways that student loan repayment would temporarily be altered. Policy changes include:\n*   All payments for federal student loans will be suspended through September 30, 2021. This only includes direct loans and FFELs (Federal Family Education Loans) serviced by the federal government and does not apply to privately held loans.\n*   No interest will accrue on your federal student loans through September 30, 2021.\n*   All involuntary collection of student loan debt—through wage garnishment, Social Security garnishment and tax refund offsets—will be suspended.\n*   The federal government will report suspended payments as current to the national credit bureaus—which means skipped payments on eligible loans during this period won't appear as late on your credit report.\nThere's no need to apply for this assistance. If your student loans are eligible, the assistance will automatically be applied to your account and any scheduled payments should be paused by your loan servicer. If you are unsure whether your loans are eligible, contact your loan servicer for more information. END