25 Organizations Desire Congress to increase CARES Work Advantages to all of the Government Student loan Individuals

25 Organizations Desire Congress to increase CARES Work Advantages to all of the Government Student loan Individuals

We keep in mind that the text need to be diverse from the newest CARES Act to the office into the construction out of both the FFELP and you may Perkins mortgage apps discover focus subsidies and you will disaster advantageous assets to most of the government education loan individuals

I, the latest undersigned teams, develop saying thanks to you to suit your jobs to simply help individuals which have federally stored student loans when you look at the COVID-19 federal disaster from the Coronavirus Help, Rescue, and you may Monetary Defense Operate (CARES Act).

Once we applaud you to short action having education loan borrowers, our company is alarmed this particular unprecedented crisis has effects on of a lot individuals that Perkins fund or Government Friends Student loan Program (FFELP) financing which are not federally possessed and you can who aren’t secure in CARES Act. I pleasantly consult you get it done to help you enact, as part of your second emergency laws, specifications to give the latest CARES Act appeal waivers, percentage and you can range affairs suspensions, or any other positive points to all FFELP and Perkins borrowers.

Read more

×