House Extends Cares Act Protections To Private Student Loans
Measures under the CARES Act moved to pause student loan repayments and suspend interest through to September 30, however this only applied to government-held federal student loans. This left those with private loans without such protections, leading Rep. Alma Adams (D-NC) to propose an extension to them. The amendment to extend CARES student loan protections was adopted by voice on Monday. “The language pauses borrower payment obligations, accrual of interest, negative credit reporting, and debt collection,” Rep....