View in EDS

Federal Student Loan Debt Relief in the Context of COVID-19. CRS Report R46314, Version 6. Updated

Saved in:
Bibliographic Details
Title: Federal Student Loan Debt Relief in the Context of COVID-19. CRS Report R46314, Version 6. Updated
Language: English
Authors: Hegji, Alexandra, Library of Congress, Congressional Research Service (CRS)
Source: Congressional Research Service. 2021.
Availability: Congressional Research Service. Web site: https://crsreports.congress.gov/
Peer Reviewed: N
Page Count: 20
Publication Date: 2021
Intended Audience: Policymakers
Document Type: Reports - Descriptive
Education Level: Higher Education
Postsecondary Education
Descriptors: Student Loan Programs, Loan Repayment, Federal Aid, Federal Programs, COVID-19, Pandemics, Educational Legislation, Federal Legislation, Higher Education
Laws, Policies and Program Identifiers: Higher Education Act 1965, Coronavirus Aid Relief and Economic Security Act 2020, Federal Direct Student Loan Program, Family Education Loan Program, Perkins Loan Program
Abstract: The Higher Education Act of 1965 (HEA; P.L. 89-329, as amended) authorizes the operation of three federal student loan programs: (1) the William D. Ford Federal Direct Loan (Direct Loan) program; (2) the Federal Family Education Loan (FFEL) program; and (3) the Federal Perkins Loan program. While new loans are currently authorized to be made only through the Direct Loan program, previously made FFEL and Perkins Loan program loans remain outstanding and borrowers of such loans remain responsible for repaying them. In response to the current Coronavirus Disease 2019 (COVID-19) pandemic, numerous questions have arisen regarding student loan repayment flexibilities and debt relief that may be available to individuals to alleviate potential financial effects related to COVID-19. The HEA generally authorizes several options for qualifying individuals. Recent administrative and congressional action, including the enactment of the Coronavirus Aid, Relief, and Economic Security (CARES) Act (P.L. 116-136), provide additional student loan relief measures. This report provides an overview of student loan repayment flexibilities and debt relief provisions that may be available to borrowers facing financial difficulties resulting from the pandemic. It first lists some preexisting loan terms and conditions (authorized through statute and regulations) that may be available to individuals. It then discusses specific administrative and congressional actions taken to address student loan debt in the context of COVID-19. The report concludes with a brief description of additional existing authorities that could be utilized to address other aspects of student loan relief.
Abstractor: ERIC
Entry Date: 2021
Accession Number: ED610724
Database: ERIC
FullText Text:
  Availability: 0
CustomLinks:
  – Url: https://eric.ed.gov/contentdelivery/servlet/ERICServlet?accno=ED610724
    Name: ERIC Full Text
    Category: fullText
    Text: Full Text from ERIC
Header DbId: eric
DbLabel: ERIC
An: ED610724
AccessLevel: 3
PubType: Report
PubTypeId: report
PreciseRelevancyScore: 0
IllustrationInfo
Items – Name: Title
  Label: Title
  Group: Ti
  Data: Federal Student Loan Debt Relief in the Context of COVID-19. CRS Report R46314, Version 6. Updated
– Name: Language
  Label: Language
  Group: Lang
  Data: English
– Name: Author
  Label: Authors
  Group: Au
  Data: <searchLink fieldCode="AR" term="%22Hegji%2C+Alexandra%22">Hegji, Alexandra</searchLink><br /><searchLink fieldCode="AR" term="%22Library+of+Congress%2C+Congressional+Research+Service+%28CRS%29%22">Library of Congress, Congressional Research Service (CRS)</searchLink>
– Name: TitleSource
  Label: Source
  Group: Src
  Data: <searchLink fieldCode="SO" term="%22Congressional+Research+Service%22"><i>Congressional Research Service</i></searchLink>. 2021.
– Name: Avail
  Label: Availability
  Group: Avail
  Data: Congressional Research Service. Web site: https://crsreports.congress.gov/
– Name: PeerReviewed
  Label: Peer Reviewed
  Group: SrcInfo
  Data: N
– Name: Pages
  Label: Page Count
  Group: Src
  Data: 20
– Name: DatePubCY
  Label: Publication Date
  Group: Date
  Data: 2021
– Name: Audience
  Label: Intended Audience
  Group: Audnce
  Data: Policymakers
– Name: TypeDocument
  Label: Document Type
  Group: TypDoc
  Data: Reports - Descriptive
– Name: Audience
  Label: Education Level
  Group: Audnce
  Data: <searchLink fieldCode="EL" term="%22Higher+Education%22">Higher Education</searchLink><br /><searchLink fieldCode="EL" term="%22Postsecondary+Education%22">Postsecondary Education</searchLink>
– Name: Subject
  Label: Descriptors
  Group: Su
  Data: <searchLink fieldCode="DE" term="%22Student+Loan+Programs%22">Student Loan Programs</searchLink><br /><searchLink fieldCode="DE" term="%22Loan+Repayment%22">Loan Repayment</searchLink><br /><searchLink fieldCode="DE" term="%22Federal+Aid%22">Federal Aid</searchLink><br /><searchLink fieldCode="DE" term="%22Federal+Programs%22">Federal Programs</searchLink><br /><searchLink fieldCode="DE" term="%22COVID-19%22">COVID-19</searchLink><br /><searchLink fieldCode="DE" term="%22Pandemics%22">Pandemics</searchLink><br /><searchLink fieldCode="DE" term="%22Educational+Legislation%22">Educational Legislation</searchLink><br /><searchLink fieldCode="DE" term="%22Federal+Legislation%22">Federal Legislation</searchLink><br /><searchLink fieldCode="DE" term="%22Higher+Education%22">Higher Education</searchLink>
– Name: SubjectThesaurus
  Label: Laws, Policies and Program Identifiers
  Group: Su
  Data: <searchLink fieldCode="SU" term="%22Higher+Education+Act+1965%22">Higher Education Act 1965</searchLink><br /><searchLink fieldCode="SU" term="%22Coronavirus+Aid+Relief+and+Economic+Security+Act+2020%22">Coronavirus Aid Relief and Economic Security Act 2020</searchLink><br /><searchLink fieldCode="SU" term="%22Federal+Direct+Student+Loan+Program%22">Federal Direct Student Loan Program</searchLink><br /><searchLink fieldCode="SU" term="%22Family+Education+Loan+Program%22">Family Education Loan Program</searchLink><br /><searchLink fieldCode="SU" term="%22Perkins+Loan+Program%22">Perkins Loan Program</searchLink>
– Name: Abstract
  Label: Abstract
  Group: Ab
  Data: The Higher Education Act of 1965 (HEA; P.L. 89-329, as amended) authorizes the operation of three federal student loan programs: (1) the William D. Ford Federal Direct Loan (Direct Loan) program; (2) the Federal Family Education Loan (FFEL) program; and (3) the Federal Perkins Loan program. While new loans are currently authorized to be made only through the Direct Loan program, previously made FFEL and Perkins Loan program loans remain outstanding and borrowers of such loans remain responsible for repaying them. In response to the current Coronavirus Disease 2019 (COVID-19) pandemic, numerous questions have arisen regarding student loan repayment flexibilities and debt relief that may be available to individuals to alleviate potential financial effects related to COVID-19. The HEA generally authorizes several options for qualifying individuals. Recent administrative and congressional action, including the enactment of the Coronavirus Aid, Relief, and Economic Security (CARES) Act (P.L. 116-136), provide additional student loan relief measures. This report provides an overview of student loan repayment flexibilities and debt relief provisions that may be available to borrowers facing financial difficulties resulting from the pandemic. It first lists some preexisting loan terms and conditions (authorized through statute and regulations) that may be available to individuals. It then discusses specific administrative and congressional actions taken to address student loan debt in the context of COVID-19. The report concludes with a brief description of additional existing authorities that could be utilized to address other aspects of student loan relief.
– Name: AbstractInfo
  Label: Abstractor
  Group: Ab
  Data: ERIC
– Name: DateEntry
  Label: Entry Date
  Group: Date
  Data: 2021
– Name: AN
  Label: Accession Number
  Group: ID
  Data: ED610724
PLink https://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=eric&AN=ED610724
RecordInfo BibRecord:
  BibEntity:
    Languages:
      – Text: English
    PhysicalDescription:
      Pagination:
        PageCount: 20
    Subjects:
      – SubjectFull: Student Loan Programs
        Type: general
      – SubjectFull: Loan Repayment
        Type: general
      – SubjectFull: Federal Aid
        Type: general
      – SubjectFull: Federal Programs
        Type: general
      – SubjectFull: COVID-19
        Type: general
      – SubjectFull: Pandemics
        Type: general
      – SubjectFull: Educational Legislation
        Type: general
      – SubjectFull: Federal Legislation
        Type: general
      – SubjectFull: Higher Education
        Type: general
      – SubjectFull: Higher Education Act 1965
        Type: general
      – SubjectFull: Coronavirus Aid Relief and Economic Security Act 2020
        Type: general
      – SubjectFull: Federal Direct Student Loan Program
        Type: general
      – SubjectFull: Family Education Loan Program
        Type: general
      – SubjectFull: Perkins Loan Program
        Type: general
    Titles:
      – TitleFull: Federal Student Loan Debt Relief in the Context of COVID-19. CRS Report R46314, Version 6. Updated
        Type: main
  BibRelationships:
    HasContributorRelationships:
      – PersonEntity:
          Name:
            NameFull: Library of Congress, Congressional Research Service (CRS)
      – PersonEntity:
          Name:
            NameFull: Hegji, Alexandra
    IsPartOfRelationships:
      – BibEntity:
          Dates:
            – D: 08
              M: 02
              Type: published
              Y: 2021
          Titles:
            – TitleFull: Congressional Research Service
              Type: main
ResultId 1