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Student Loan Relief Related to the COVID-19 Pandemic

April 6, 2020

The attorneys at Golden & Cardona-Loya, LLP have been assisting student loan borrowers for over a decade.  In response to the COVID-19 pandemic the federal government passed one of the most borrower-friendly pieces of legislation in recent memory.


As part of the CARES Act the US Government is automatically suspending payments and waiving federal student loans for six months.  The relief does not extend to private loans so it is imperative for borrowers to check and see if their loans are federal or private.  The most efficient way to check the status of your student loan is at the National Student Loan Database website:


If you have federal student loans your interest rate will be 0% from March 13, 2020 through September 30, 2020 on the following types of loans: defaulted and nondefaulted Direct Loans; defaulted and nondefaulted FFEL Program loans and

Federal Perkins Loans. 


The loan servicers are required to apply the changes by April 10, 2020.  However, loan servicers are often slow to implement change.  If your loan servicer has not followed the requirements of the CARES Act you should contact them and request the forbearance and interest rate reduction. If they still have not complied with the CARES Act requirements please contact us for assistance. 


A number of other benefits apply to the federal loans.  For example, if you are in an income-driven repayment (IDR) plan the suspended payments will count. If you had your taxes offset for being in default it should be refunded if it occurred after March 13, 2020.  If you choose, you are also free to continue to make your student loan payments. 


Private student loan servicers are also offering borrowers debt relief and repayment options.  If you need these benefits you should contact your student loan servicer. 

We have assisted borrowers in obtaining disability discharges, school closure discharges and putting an end to student loan servicer harassment. The attorneys at our firm are willing to discuss what options may be available to you with regards to your student loans. 

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