25 Teams Desire Congress to increase CARES Act Advantageous assets to all of the Federal Student loan Borrowers
We realize that what need to be distinct from the newest CARES Operate to function inside build from both the FFELP and you can Perkins loan programs to acquire desire subsidies and you can crisis positive points to all federal student loan individuals
I, the fresh undersigned teams, make to thank you to suit your operate to help individuals that have federally kept student loans inside the COVID-19 national emergency regarding Coronavirus Help, Recovery, and you can Financial Security Work (CARES Work).
While we applaud one to quick step to own education loan consumers, we have been concerned that unmatched crisis has effects on of several borrowers who possess Perkins finance otherwise Federal Family members Student loan Program (FFELP) money that are not federally owned and you may who aren’t protected in CARES Operate. We respectfully consult which you get it done to help you enact, as part of your 2nd disaster laws, terms to increase the CARES Operate desire waivers, commission and you will range items suspensions, or any other benefits to all the FFELP and Perkins consumers. (more…)