What you need to know about the payment pause for student loan borrowers

However, Federal Family Education Loans, or FFELs, and Perkins loans will only be eligible if they're "federally held," said Will Sealy, co-founder and CEO ofwebsite to learn their loan type and lender. If a loan is "federally held," Sealy said, the lender will be listed as the U.S. Department of Education.What if I'm in an income-driven repayment plan?

These plans could be a lifeline for borrowers struggling amid Covid-19, Sealy said. If your income has dried up, you should let your lender know so it canAnd if you take advantage of the payment pause on one of these plans, the time will still count toward your eventual debt forgiveness.You'll definitely want to take advantage of the student loan reprieve if you're a teacher, government official or other public servant with student loans.

thanks to President Trump's executive order FYI

Don’t worry DelawareCCC I’ll keep paying my loans

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