What To Know About Trump’s New Student Loan Forbearance Orders
- By
Julia Austin
Source: SEAN GLADWELL / Getty
Private loans are exempt
At this time, only federally held student loans are eligible for coronavirus forbearance. Private student loans, as well as private parent loans, are not eligible for deferment due to coronavirus. That being said, many lenders offer income hardship forbearance that offers deferment plans in times of economic hardship, whether that’s due to the pandemic or something else, that could be helpful to those with private loans.
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