Currently, the ‘no interest’ is until Dec 31.
One daughter is very grateful for the interest free period and is not paying her direct loan. She is paying her Perkins loan as it is not an interest free period. I’ve been helping her pay that as well with the hope that she’ll have it paid off in Jan or Feb. She is impacted by covid and would have trouble paying the full direct loan payment.
My other daughter is not paying her direct loan even though she’s employed and could pay it. Why? Because there was talk about the second covid relief package forgiving up to $10k of federal student loans and that’s about what she has left to pay. Also the dems are talking about loan forgiveness too (Warren and Sanders are talking $50k, which is nuts, but Biden/Harris are talking $10k, which is possible). Even if that doesn’t happen until mid 2021, she’ll still benefit from not making payments now. (saving for a down payment on a house)
It’s just a possibility. If she ends up paying it, so be it, but worth a shot to see what happens.