UPDATE ! The Virus stimulus package allows most who owe student loans to stop making payments through September 30th. The balance of the loan will be frozen with no penalties or interest accruing. This will include all loans directly made by federal government some made by private lenders and guaranteed by federal government under a program ended in 2010. This is very significant as the average family is making a payment of $ 180.00 each month. Loans made by commercial institution are not included.
This hiatus is an excellent time for one to explore options to get control of these obligations in the future.
My best to all as we navigate through this difficult time. This will pass and we will be stronger. Remember we are all in this together. A kind word and a smile can make a big difference.
Jeff