The relief bills passed by Congress offer help with student loans -- but only some of them. Here's how to tell if yours qualify.
Q: How do I know if I qualify for relief under the CARES Act?
Mayotte says that those borrowers who qualify will receive a waiver of their payments through Sept. 30, 2020, and 0% interest and that"they don't have to do a darn thing to get those benefits."But how do you know if you qualify? That's where it gets complicated, says Mayotte. You need to confirm that you have federally held federal loans. Federal loans that don't qualify for CARES Act relief are under the Federal Family Education Loan Program.
Q: Does the CARES Act really let me skip my payments if I'm enlisted in Public Service Loan Forgiveness?
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