Trump Administration Offers Temporary Student Loan Relief
The Trump administration announced an initiative Friday that will provide relief for federal student aid borrowers. For the next 60 days, at least, those with federal student debt will have 0% interest rates on their loans. Also, borrowers have the option to suspend their student loan payments by up to two months during the national coronavirus (COVID-19) outbreak.
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"These are anxious times, particularly for students and families whose educations, careers, and lives have been disrupted," U.S. Education Secretary Betsy DeVos said. "Right now, everyone should be focused on staying safe and healthy, not worrying about their student loan balance growing."
Source Fool.com
