Federal Student Loan Payments to Restart After Jan. 31, 2022
The Department of Education (ED) announced on Aug. 6, 2021, that the relief flexibilities period for ED-owned federal student loans has been extended for the final time. The current relief measures for eligible loans include:
- A suspension of loan payments
- A 0% interest rate
- Stopped collections on defaulted loans
Remember, there are no fees for these relief flexibilities. If someone asks for money to assist you in getting these benefits, it’s a scam. Also, ED has several loan forgiveness programs, but there is not a coronavirus-related loan forgiveness program. Contact your loan servicer for help with questions or concerns about these relief flexibilities, your loan payments, or applying for eligible loan forgiveness options.
DFI Office Closed to the Public
DFI’s office is closed until further notice due to the COVID-19 pandemic. Our agency, however, is continuing operations that can be accomplished through staff teleworking.