The use of the term “student loans” to refer to education loans in general can cause uncertainty as to whether parent loans are included. In particular, you may wonder if parent PLUS loans are deferred under the payment pause and interest waiver enacted by the Coronavirus Help, Relief and Financial Protection Operate (CARES Act).
The brand new fee stop and you may interest waiver includes Federal Mother or father As well as funds plus Government Stafford Finance, Government Graduate And financing and you can Government Combination Money.
Another financing is actually federally-held government knowledge finance that are eligible for the latest fee pause and you may attention waiver. Most of the finance in the William D. Ford Government Lead Loan System (Head Loans) meet the requirements.
- Federal Head Stafford Loan
- Federal Direct Grad And Loan
- Government Lead Moms and dad And Financing
- Government Head Combination Loan
As well, particular finance generated in Federal Family relations Education loan Program (FFELP) qualify to the fee pause and interest waiver. Some are perhaps not.
FFELP loans produced in 2008-2009 and you can 2009-2010 which were transferred to the latest U.S. Company of Training underneath the Making certain Continued Entry to Student education loans Act out of 2008 (ECASLA) are eligible.