ABSTRACT

Student Loans: A Timeline of Actions Taken in Light of the COVID-19 Pandemic [June 21, 2022]   [open pdf - 529KB]

From the Document: "Since the onset of the COVID-19 [coronavirus disease 2019] national emergency, lawmakers and the U.S. Department of Education (ED) have made available a number of waivers and flexibilities for federal student loan borrowers. For most borrowers, these flexibilities include the suspension of (1) interest accrual, (2) the requirement that borrowers make monthly payments on their loans, and (3) involuntary collections activities, as well as waivers of requirements to qualify for various student loan forgiveness or discharge benefits. While Congress authorized a subset of these flexibilities for a temporary period, ED has extended those flexibilities numerous times since their initial expiration and has effectuated other flexibilities. This In Focus provides an overview of the Higher Education Act (HEA; P.L. 89-329, as amended) Title IV federal student loan programs affected by the COVID-19 pandemic-related flexibilities and a timeline of actions taken by lawmakers or ED authorizing, effectuating, or extending such flexibilities."

Report Number:
CRS In Focus, IF12136
Author:
Publisher:
Date:
2022-06-21
Series:
Copyright:
Public Domain
Retrieved From:
Congressional Research Service: https://crsreports.congress.gov/
Format:
pdf
Media Type:
application/pdf
URL:
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