Managing Your Student Loans During the Coronavirus Pandemic

The federal government recently announced that federal student loan borrowers have the option to request suspension of payments for at least the next 60 days, and interest will not accrue on federally held student loans for at least 60 days, beginning on March 13, 2020. Borrowers can find more information at https://studentaid.gov/announcements-events/coronavirusKeep in mind that this ruling does not apply to private student loans.

Not sure what types of student loans you have? Now is an excellent time to review your loan servicers and loan terms, whether you are in school or have graduated and entered repayment. You can access your federal student loan information by logging in with your FSA ID at https://studentaid.gov.

Private student loan information is available through your servicer’s website; if you have a Credit Union Student Choice education line of credit, University Accounting Service (UAS) is the loan servicer for your account. UAS provides 24/7 access to view your loan information and make payments at www.uasecho.com.

If you aren’t sure who your servicer is, you can also find the information on your credit report. (For a free copy of your credit report, visit www.annualcreditreport.com.)

Need personalized guidance? Our College Access and Repayment Counselor is available to answer any questions you may have - send an email or schedule an appointment for a time that's convenient for you.

 

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