CARES Act Includes Several Student Aid Provisions

The Coronavirus Aid, Relief, and Economic Security Act (CARES Act) contains several provisions relating to paying for college. These provisions are identified in the law as the COVID-19 Pandemic Education Relief Act of 2020.

In addition to a payment pause and interest waiver on certain federal student loans, and tax-free employer-paid student loan repayment assistance, the CARES Act includes the following student aid provisions for the duration of the national public health emergency.

Campus-Based Aid

Financial Aid Time Limits

Treatment of Withdrawals

Satisfactory Academic Progress

Online Education at Foreign Institutions

AmeriCorps Service Requirements

TRIO and GEAR-UP Programs

TEACH Grant Program Service Requirements

Higher Education Emergency Relief Fund

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