Federal Student Loan Debt Relief in the Context of COVID-19. CRS Report R46314, Version 8. Updated / Alexandra Hegji.
In response to the current Coronavirus Disease 2019 (COVID-19) pandemic, numerous questions have arisen regarding student loan repayment flexibilities and debt relief that may be available to individuals to alleviate potential financial effects related to COVID-19. The Higher Education Act of 1965 (...
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Full Text (via ERIC) |
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| Format: | eBook |
| Language: | English |
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[Place of publication not identified] :
Distributed by ERIC Clearinghouse,
2021.
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| Summary: | In response to the current Coronavirus Disease 2019 (COVID-19) pandemic, numerous questions have arisen regarding student loan repayment flexibilities and debt relief that may be available to individuals to alleviate potential financial effects related to COVID-19. The Higher Education Act of 1965 (HEA) generally authorizes several options for qualifying individuals. Recent administrative and congressional action, including the enactment of the Coronavirus Aid, Relief, and Economic Security (CARES) Act (P.L. 116-136), provide additional student loan relief measures. This report provides an overview of student loan repayment flexibilities and debt relief provisions that may be available to borrowers facing financial difficulties resulting from the pandemic. It first lists some preexisting loan terms and conditions (authorized through statute and regulations) that may be available to individuals. It then discusses specific administrative and congressional actions taken to address student loan debt in the context of COVID-19. The report concludes with a brief description of additional existing authorities that could be utilized to address other aspects of student loan relief. |
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| Item Description: | Availability: Congressional Research Service. Web site: https://crsreports.congress.gov/. Abstractor: ERIC. Educational level discussed: Higher Education. Educational level discussed: Postsecondary Education. |
| Physical Description: | 1 online resource (23 pages) |
| Audience: | Policymakers. |
| Type of Computer File or Data Note: | Text (Reports, Descriptive) |
| Preferred Citation of Described Materials Note: | Congressional Research Service. |