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Vermont Business Magazine Scott Giles, president and CEO, Vermont Student Assistance Corp commented today on the US Department of Education’s expanded ‘pause’ on federal student loan interest and collections for defaulted FFEL loans.
“COVID-19 has created significant challenges for many Vermont students and their families. Over the past year, we have worked with thousands of Vermonters to help them obtain the help they needed to manage their student loan debt.
“We have also been actively advocating with the Vermont delegation and with the Department of Education to provide additional relief to borrowers in the legacy FFEL program. This past week the US Department of Education made the decision to provide additional support to FFEL borrowers who have defaulted on their student loans.   ....

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