From March 13, 2020, through Sept. 30, 2020, the interest rate is 0% on the following federal student loans owned by the Department of Education:
- Direct Loans (defaulted and non-defaulted loans)
- Federal Family Education Loan or FFEL Program loans (defaulted and non-defaulted loans)
- Federal Perkins Loans
However, some Federal Family Education loans or FFEL Program loans are owned by lenders, and some Perkins loans are owned by the institution you attended. These loans are not eligible for this benefit at this time.