Governor Announces Private Student Loan Relief For New Yorkers

Governor Cuomo announced that he reached a deal with private major student loan services, like Navient, Nelnet, and others to also defer collections, waive late fees, and not report negative numbers to credit agencies.

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"The governor’s office made clear, however, that the agreement would apply to borrowers who contact their private student loan servicer about their financial hardship due to COVID-19," reports LocalSYR.com.

The Federal CARES act, what we know as the coronavirus stimulus package already offers student loan deferment due to the pandemic.