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Do I need to pay my student loan?

October 16 2020 7:12 pm

Payments are currently suspended, without interest, for federal student loan borrowers until September 30. The six-month suspension was announced in mid-March as part of a measure included in the coronavirus relief package. This policy applies only to federal loans, not to private student loans.

Borrowers can still make payments toward the principal during this period of suspended payments, called a forbearance. Contact your servicer if you have further questions.