- The latest COVID-19 pandemic keeps restored concentrate on the education loan personal debt crisis. In reaction on the pandemic, lower than a supply throughout the Coronavirus Assistance, Relief, and Economic Defense (CARES) Work, P.L. 116-136, and you may a good presidential buy, government-held federal student loans are located in management forbearance through the stop of 2020, meaning that no money should be made with the financing and you can attention does not accrue into the frozen costs during that date.
- The newest CARES Work including generated money for the an employee’s education loan dominating and you may attract of the an employer around an education guidance program excludable regarding the employee’s money.
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