C.A.R.E.S. Act Relief Is Extended Through December 31, 2020

Do you have federal Student loans? Has COVID-19 impacted your ability to pay those loans? Repayment of loans covered by the federal CARES Act was originally set to restart on October 1, 2020, but the CARES Act relief has been extended through December 31, 2020. You should take steps NOW to prepare for repayment. You also may be eligible for loan forgiveness or rehabilitation credit during this non-payment period. You have options. Learn more about your options then call your loan servicer to discuss the best option for YOU. Here are some next steps and actions you should take now

Student Loan Resources

borrower bill of rights

Student Loan Borrower Bill of Rights

Student Loan Borrowers in New York State have rights to ensure they receive the best loan servicing possible.

financial aid forms

Financing Your Education

There are a number of sources of financial aid available to you, including: grants, scholarships, federal student loans, and private student loans.

piggy bank and money

Repaying Your Student Loans

Federal Student loan repayment will start approximately 6 months after the last day of your last semester. Private student loans have their own terms regarding in school deferment and repayment plans.

Student Workshops

Step Up For Students Workshops

DFS hosts free workshops throughout New York geared toward educating students about finances and managing loans. To learn more, send an email to [email protected]


If you are having difficulty with a student-related financial product or service, you may file a complaint with DFS or contact our Consumer Hotline at (800) 342-3736.