President Biden’s Student Loan Relief Extension & What It Means For Your Loans

January 22, 2021

Updated 11/28/22: Since this blog post was published, payments and interest on federally-held student loans are now set to resume 60 days after a court decision on President Biden’s forgiveness program. If no decision has been issued by June 30th, 2023, payments will resume 60 days later.

How do I know if my loans are “federally held”? What should I do if they don’t qualify for the payment suspension?

One of the most frequent questions we’ve received is around what loans are eligible for the payment freeze and interest waiver. Similar to loans covered under the CARES Act, this executive order applies to loans that are “federally held.” Federal Direct loans and some FFEL, Perkins, and Parent PLUS loans are issued by the U.S. Department of Education and thus considered to be “federally held.”

To see if your loans qualify, you can login to your Summer account and click ‘My Federal Loans’ in the left hand menu and sync your loan information. You can also find this information by logging in to Federal Student Aid.

Based on your type of loan, you can then see if your loans are eligible for the payment freeze and interest waiver as well as your options based on your ability to pay these loans.

How will I know if my loan servicer has implemented these changes?

This forbearance should be automatically implemented by your servicer, and you will not need to take any action if you’re not planning to resume making payments. However, it’s important to contact your servicer as soon as possible if something looks off. Dealing with student loan servicers is often a case of the squeaky wheel getting the grease. If something looks wrong, say something. If you talk to someone unhelpful, call again the next day. Send your request via multiple channels, like phone, email, or social media. Always be sure to get resolutions in writing in case you need to have them for the future.

Will these suspended payments still count as qualifying payments towards Public Service Loan Forgiveness or income-driven repayment?

The answer is yes! The Department of Education has confirmed that suspended payments during this extension will count toward programs like income-driven repayment (IDR) and Public Service Loan Forgiveness. (This is only if you have already met the other requirements for the program.)

Will the other CARES Act provisions be extended?

The Department of Education has confirmed that other provisions in the CARES Act, such as a halt on involuntary collections for borrowers in default, will be extended through September 30th.

We will continue to update this as more we get more clarity on how these orders will be implemented. If you have additional questions on how the recent relief extension impacts your student loans, send us a note at

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