HomeStudent LoanCoronavirus Pupil Mortgage Updates - Boston Pupil Mortgage Lawyer

Coronavirus Pupil Mortgage Updates – Boston Pupil Mortgage Lawyer

Pupil mortgage debtors — specifically, federal pupil mortgage debtors — do have some choices for managing pupil loans throughout this time of hardship. Begin assessing your scenario and making a plan of motion.

As Congress and the President work in direction of offering financial aid, we’ll do our greatest to remain on high of the newest developments. You may verify again right here periodically, in addition to Lawyer Minsky’s Forbes web page, the place he continuously posts articles on breaking developments. You may as well comply with Lawyer Minsky on Twitter, LinkedIn, and Fb.

Right here is probably the most up-to-date info we’ve got on varied pupil mortgage protections enacted in response to the COVID-19 Pandemic:

Replace, 3/20/2020: The U.S. Division of Training introduced new aid for pupil mortgage debtors: a particular administrative forbearance of as much as 60 days, and aid from computerized funds throughout instances of delinquency. Be taught extra right here.

Replace 3/25/2020: The U.S. Division of Training has introduced that it will likely be suspending compelled collections on defaulted federal pupil loans, together with wage garnishments and tax refund seizures. Be taught extra right here.

Replace 3/27/2020: The President and Congress handed a stimulus invoice that features a six-month suspension of funds for a lot of federal pupil mortgage debtors. Be taught extra right here. Extra particulars have been launched on 4/2/2020.

Replace 4/24/2020: New efforts to supply aid to pupil mortgage debtors could also be within the works. A bipartisan invoice may broaden the aid offered by the CARES Act. And we’re seeing new efforts to present aid to personal pupil mortgage debtors, as effectively.

Replace 4/28/2020: Massachusetts has enacted sweeping pupil mortgage authorized protections for debtors in collections, however these protections are actually being challenged in court docket. Learn extra right here.

We’re dedicated to the well being and security of our purchasers because the Coronavirus disaster continues to unfold. Listed below are some updates to our insurance policies and procedures:

  • All consumer conferences can be held by telephone or video convention.
  • Lawyer Minsky and workers can be primarily working remotely.
  • For brand new and potential purchasers, one of the best ways to succeed in the workplace throughout this time can be by way of e mail or the contact kind on our web site.



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