Students and Educators
STUDENTS AND EDUCATORS
• If you have student loan debt, Congress secured several options outlined below for borrowers that help provide relief through September 30, 2020. During this period, a borrower will be able to:
• Pause payments for federal student loan borrowers who have Direct Loans and Federal Family Education Loan (FFEL), which means these borrowers will not be required to make any payments toward outstanding interest or principal balance.
• Suspend interest accrual for such loans so that these balances don’t accrue. • Avoid forced collections such as garnishment of wages, tax refunds, & Social Security benefits.
• Halt negative credit reporting. • Ensure a borrower continues to receive credit toward Public Service Loan Forgiveness, Income-Driven Repayment forgiveness, and loan rehabilitation.
• For additional guidance on how to apply and learn about next steps as this critical relief becomes available, please refer to the U.S. Department of Education website.
Coronavirus and Forbearance Info for Students, Borrowers, and Parents is HERE
- How much emergency funding each college and university will receive under the CARES Act? A link to that spreadsheet is HERE. (Note: This does not include the separate $1 bn in funding for HBCUs, Tribal Colleges and Universities, and other Minority-Serving Institutions.)
• As more schools close due to coronavirus, Congress has provided emergency funding for Child Nutrition Programs to ensure students can still receive their free or reduced-price school meals during this time. To learn more, click here to learn more about your state is doing during this time.
Chicago Public Schools Meals/Learning click HERE for latest information.
• Congress secured $30.75 billion in funding for school districts, states and higher education institutions to ensure state resources and investments are not diverted from life-long learning. For additional guidance on how to apply and learn about next steps as this critical relief becomes available, please refer to the U.S. Department of Education website.
Resources for Students and Teachers
Online Educational Resources (K-12) are HERE