Cares Act Student Loans Refund. Social security garnishments and tax refund offsets. You should contact your loan servicer if you want to request a refund for this period.
Department of education between march 13, 2020 and september 30, 2021. Cares act student refund update and faq. Among the relief provided by the cares act was the suspension of student loan obligations through september.
The crrsa act faq (see question 9) states that “f inancial aid grants for students may be used for any component of the student’s cost of attendance acquired after december 27, 2020, or for emergency costs that arise due to coronavirus, such as tuition, food, housing,.
If a borrower’s wages have been garnished since march 13, 2020 under the hea, he or she will receive a refund from the department in the amount of the wages garnished. First, the relief applies only to federal student loans, not to private student loans. You should contact your loan servicer if you want to request a refund for this period. What the cares act means for student loans.
