Are there many differences between federal and private student loans, and where would I get all the relevant information about these borrowings?
The government makes federal loans available, the terms and conditions of which are set out by the law. You can avail of a lot of benefits with a federal loan, such as fixed interest rates and income-driven repayments, which you won't find with private student loans. Private loans are offered by financial institutions whose terms and conditions are governed by the financial institution themselves
How can you provide temporary relief to student loan borrowers during the COVID-19 national emergency?
To achieve this, federal student loan borrowers are automatically being placed in an administrative forbearance, which allows you to temporarily stop making your monthly loan payments. This suspension of payments will last from March 13, 2020 , through Sept. 30, 2020, but you can still make payments if you choose.