0% Interest for Student Loans
- The interest rate on all U.S. Department of Education (ED) held student loans serviced by FedLoan Servicing have been temporarily reduced to 0% through December 31, 2020.
- FedLoan Servicing has automatically adjusted accounts so that interest doesn't accrue (i.e., accumulate). The adjustments became effective March 13, 2020.
- This 0% interest rate change applies to all ED-owned loans in any status (in school, in grace, in repayment, in deferment/forbearance, etc.).