Also, there may be uncertainty about job offers you accepted to begin your careers in the Fall. If you are returning to your campuses, it likely will remain difficult with social distancing a requirement.
Every student in college has been impacted. Feeling a sense of loss akin to grief would be totally normal. One day you are at school with an essential structure, mixing your social and academic lives in a healthy blend.
Hearing economic forecasts of 30%+ unemployment rates in the near term with GDP contractions of 34% in the second quarter 2020 definitely sounds ominous. However, many economists are looking for improvements as early as 3Q2020.
– Suspension of involuntary collections of student loan debt, including wage and social security garnishments and tax refund offsets.– Federal loans will suspend payments automatically on Direct loans and Federal Family Education Loans (FFEL) which account for 88% of federal loans.