The federal government has extended its pause for education loans to those held by private companies. This is a big step in helping individuals with debts who have been adversely affected by the Covid pandemic, but advocacy groups want more and are calling for participants in the Federal Family Education Loan Program to be included as well. Qualifying education loans that went into default as of March 13, 2020 have been returned to good standing.
Relief extended to more than 1 million borrowers with privately-held student loans