The Cares Act automatically suspended interest, payments and involuntary collection until Sept. 30 for most people with federal student loans. The proposed legislation would also forgive up to $10,000 in debt for federal and private student loan borrowers. ADTo get full details of what employers and student loans qualify for under PSLF, go to studentaid.ed.gov. Instead of 20 or 30 years of monthly student loan payments, borrowers can be debt-free in 10 years (120 payments). Q: What should I do if my employer is garnishing my paycheck for past-due student loans despite a moratorium on collections?

Source: Washington Post May 15, 2020 10:01 UTC