29 April 2020 – Suspension of student loan payments to companies under the U.S. Government

Type of Intervention: Specific Action
Sectors Involved: Education
Intervention Categories: Finance policy and financial aid; Stimulus packages and financial support
Level of Jurisdiction: Virginia
Lead People/Agency: Governor Ralph Northam

Overview: Governor Northam Announces Expansion of Payment Relief for Student Loan Borrowers
Full details here: https://www.governor.virginia.gov/newsroom/all-releases/2020/april/headline-856375-en.html

Type of Justification: Learning from other jurisdictions, Perception of an increased threat
Evidence/Justification: The payment relief is the result of a new initiative by Virginia and several other states to work with the major private student loan servicers to expand on protections for federal student loan borrowers through the Coronavirus Aid, Relief, and Economic Security (CARES) Act.