UPDATE (April 2, 2020): The Department of Education has provided more information about implementation of the CARES Act.  Updates are provided in the text below. **************************** On Friday, March 27th, the U.S. House of Representatives passed and the President signed into law the ‘‘Coronavirus Aid, Relief, and Economic Security Act’’ or the ‘‘CARES Act,’’ emergency […]

This past week has been a dizzying array of announcement after announcement related to COVID-19. The world of federal student loans has not been spared from this frantic information overload. Understandably, borrowers are confused about what they should be doing and unfortunately, there are few answers right now. We’ve tried to distill the information for […]

The COVID-19 pandemic is wreaking financial havoc on millions of student loan borrowers.  Debt cancellation is the best way to protect them now and ensure that they recover along with the economy.  Our work has taught us that low-income borrowers and borrowers of color were already struggling with unaffordable student debt and default before getting […]