“To help our students and their families, I even have waived interest on all student loans held by federal agencies which are going to be until further notice,” Trump said. “That’s an enormous thing for most of scholars who stay in the middle at the moment .”
Read more: Online Loans in case of Emergency
Trump also announced at the ceremony that he would declare a national emergency over the virus, which can release federal resources to assist state and native governments answer the pandemic.
Several colleges and universities across the country have closed and shifted to remote classes amid the outbreak. Trump’s decision will help Americans who may struggle to stay up with student loan payments during the outbreak, which has rattled the stock exchange and sowed concerns about the adverse impact on the U.S. economy.
Trump sought to project confidence about his administration’s response to the virus on Friday and said the country would “eventually turn a corner” on the virus.
Besides taking advantage of the Federal Financial Assistance programs on debt relief you can apply for Student Loan Refinancing from specialized lenders:
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