Borrowers could defer payments and interest on federal student loans for up to six months without penalty under coronavirus stimulus legislation that Senate Republicans unveiled Thursday.
The proposal also would allow students who leave their college as a result of the new coronavirus to keep money from Pell Grants or student loans and waive requirements that colleges return Title IV funds for students who drop out.
Students who withdraw from classes because of the virus could exclude the semester from lifetime eligibility limits for Pell Grants or subsidized federal student loans.
Colleges would also be allowed to use Federal ...
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