Education Secretary announces federal student loan relief extended through January 2021.
Secretary Betsy DeVos of the Department of Education recently announced the extension of the administrative forbearance for federal student loans that had been set to expire at the end of December of this year. This relief now allows for deferred payments without interest or penalty through January 31, 2021.
“The coronavirus pandemic has presented challenges for many students and borrowers, and this temporary pause in payments will help those who have been impacted,” said Secretary DeVos. “The added time also allows Congress to do its job and determine what measures it believes are necessary and appropriate. The Congress, not the Executive Branch, is in charge of student loan policy.”
As the Lord Leads, Pray with Us…
- That Secretary DeVos would lead her department with discernment.
- For those who have needed the deferment in student loan payments and interest.
- For federal government officials as they continue to look for ways to benefit Americans impacted by the pandemic.
Sources: Department of Education
