Under the Coronavirus Aid, Relief, and Economic Security (CARES) Act, federal student loan payments are automatically suspended, without interest or penalties, until January 31, 2022—an end date which has been extended four times and will be the final extension. Read Important Information for Student Loan Holders: Automatic Payment Suspension and Other Relief During COVID-19 in English | Español (Spanish) | العربية (Arabic) | বাংলা (Bengali) | 简体中文 (Chinese - Simplified) | 繁體中文 (Chinese - Traditional)| Français (French) | Kreyòl Ayisyen (Haitian Creole) | 한국어 (Korean) | Język Polski (Polish) | Русский (Russian) | ردو (Urdu).
If you are experiencing a loss of income - including due to COVID - or your family size has changed, learn about Income-Driven Repayment (IDR) plans that can lower your monthly student loan payments. Get free, one-on-one financial counseling to find an IDR that works for you. Book an appointment at nyc.gov/TalkMoney