PAdude27 Posted July 9, 2020 Share Posted July 9, 2020 (edited) Does anybody know if the current suspension of federal student loan payments and the 0% interest rate applies to new loans being taken out? (The 0% interest rate part) I will be starting PA school next month and plan on taking out a good amount of student loans. I know the cares act only goes until September 30th, but I’m wondering if this will affect new loans if it is extended past the current date. if anyone has taken out new loans since thing began in March, has it affected your loans at all? Edited July 10, 2020 by PAdude27 Quote Link to comment Share on other sites More sharing options...
MT2PA Posted July 10, 2020 Share Posted July 10, 2020 (edited) https://studentaid.gov/announcements-events/coronavirus Literally everything you could think to ask and resources of who to ask if your answer isn't there. Bottom line, contact your loan servicer for the most accurate answer. Edited July 10, 2020 by MT2PA 1 Quote Link to comment Share on other sites More sharing options...
PA-Candidate Posted January 25, 2021 Share Posted January 25, 2021 PADude....MT has the Q&A covered and I can attest that MY first loan is proceeding without interest as we speak. I took that out in Aug 2020 for fall semester. My second loan for this semester, according to the loan agent - will not accure any interest until the Cares act coverage expires. Quote Link to comment Share on other sites More sharing options...
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