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March 29, 2020
Question

Is it true that offsets are being suspended? I’m in the process of having my student loan rehabilitated and will be making my 5th payment last week which will stop offsets. But I have read that t

  • March 29, 2020
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1 reply

KathrynG3
March 29, 2020

Regarding offsets, if there were any changes, they would likely be temporary.

I recommend contacting The Treasury Offset Program and Debt Management Services, which handle student loan offsets. For Federal Student Loan matters, Debt Management Services can be reached at 1-800-621-3115 Monday-Friday 8 am - 10 pm EST, Saturday 8 am - 7 pm EST.

 

Student loans are not forgiven, but have temporary student debt relief.

Secretary DeVos has directed FSA to stop wage garnishment for at least 60 days from March 13, 2020. See this article from the U.S. Department of Education's press release March 25, 2020.

 

For Coronavirus related details, please see the following resources:

[Edited 3/30/2020 | 3:05 PM PST]

@akennedy4401