WARWICK, R.I. (WPRI) — Some federal workers in Rhode Island will have one fewer bill to worry about during the government shutdown.
The Rhode Island Student Loan Authority (RISLA) announced Wednesday it’s suspending repayment of college loans for federal employees who aren’t being paid.
According to Charles Kelley, Executive Director of RISLA, the non-profit student loan organization is applying a forbearance on a month-by-month basis for as long as employees are furloughed and not receiving compensation.
“We certainly understand the hardship experienced by federal employees impacted by the government shutdown and since we can in some small way ease their financial burdens at this time, we will,” Kelly said. “All Federal employees who are not being paid because of the shutdown are eligible and only need to supply the name and telephone number of the federal organization they work for.”
He said borrowers can formally request this suspension by calling 800-758-7562 or 888-897-4752.