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Support for Borrower Assistance for Federally Held Student Loans in the Coronavirus Aid, Relief, and Economic Security Act (CARES Act)

April 13, 2020
Student Loans
Letters to Congress

While we applaud that quick action for student loan borrowers, we are concerned that this unprecedented crisis is affecting many borrowers who have Perkins loans or Federal Family Education Loan Program (FFELP) loans that are not federally owned and who are not covered under the CARES Act. We respectfully request that you take action to enact, as part of your next emergency legislation, provisions to extend the CARES Act interest waivers, payment and collection activities suspensions, and other benefits to all FFELP and Perkins borrowers.

Download the full letter. (PDF)