During this incredibly difficult time for federal workers the Federal Employee Education & Assistance Fund (FEEA) has launched its Layoff Loan Program.
Even with careful planning, federal employees facing recent layoffs can find themselves in a vulnerable financial position. Unplanned, out-of-pocket expenses can lead to significant hardship, potentially forcing them to rely on high-interest loans, default on debts, or even consider personal bankruptcy.
While FEEA can’t replace lost income on a long-term basis, it can offer eligible federal employees confidential, no-fee, no-interest loans to help temporarily with basic needs. Since 1986, FEEA has provided over 13,000 no-fee, no-interest loans to help feds make ends meet during hardships, and we’re here to support those recently affected by layoffs.
Click here to download and read the Layoff Loan Application Instructions. Applicants should be sure to read the instructions before starting the online application. There are a number of documents you will need to collect and attach to your application. You will not be able to submit your application without attaching the required documents.
We will continue to share resources that may be able to assist federal workers navigate these challenging times.
In Solidarity,
AFGE