Student Debt Emergency Relief Act

[AI summary unavailable — showing source text] Student Debt Emergency Relief Act This bill establishes and provides funds for federal student loan repayment assistance programs during a national emergency, including the public health emergency caused by the coronavirus (i.e., the virus that causes COVID-19). Specifically, the bill requires the Department of Education (ED) to make monthly payments for borrowers of Federal Direct Loans, Federal Family Education Loans, and Perkins Loans during a national emergency. ED must also pay any interest on such loans during the emergency. Additionally, ED must deem each month for which ED made a payment on behalf of the borrower as a qualifying payment for the purpose of certain loan forgiveness programs or loan rehabilitation programs; ensure that any payment on such a loan is treated as a regularly scheduled payment made by a borrower for the purpose of reporting information about the loan to a consumer reporting agency; notify borrowers, within 15 days and monthly thereafter, of the benefits provided by ED during the national emergency; and suspend all involuntary collections related to such loans, including wage garnishments, reductions of tax refunds, and reductions of certain federal…