For the 200,000 Michiganders who take out federal student loans each year, help is on the way. Thanks to new federal legislation, most student borrowers with federal loans will automatically have their loan repayments suspended through September 30, 2020. No interest will accrue during this time. That means borrowers do not need to make any payments on their loans until October 1, 2020, and will not suffer any financial harm as a result. Their loan balances will not go up. And best of all, they do not need to take any action to receive this help.

Join MICU and Catherine Brown, Senior Advisor at The Institute for College Access and Success, on a webinar to discuss Student Loan Treatment During COVID 19.