Congress passed the CARES Act, the largest economic stimulus bill in the history of the United States, in response to the coronavirus pandemic. Included in the legislation are new rules for student loan relief that supersede the rules that were announced only a week earlier by the Department of Education.

The Coronavirus Aid, Relief, and Economic Security (CARES) Act was signed into law. This $2 trillion emergency relief package is intended to assist individuals and businesses during the ongoing coronavirus pandemic and accompanying economic crisis. Major relief provisions are summarized here.