Betsy Devos orders halt of defaulted student loans collection for 60 days

Published March 25, 2020 6:15pm ET



Some with student loan debt will receive temporary relief as workers and businesses struggle to cope with “shelter-in-place” orders that have shuttered storefronts and stoked anxiety for millions who could lose their paychecks during the coronavirus pandemic.

Secretary of Education Betsy Devos on Tuesday shared details of a new directive, which will halt the federal collection of defaulted student loans and wage garnishments over at least the next 60 days and refund $1.8 billion to more than 800,000 borrowers.

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