Student loan interest waiver and 60-day payment suspension: How it will affect your loans

Student loan interest waiver and 60-day payment suspension: How it will affect your loans

The past few weeks have felt like the longest year many of us have ever lived. And as the COVID-19 pandemic continues to develop, the U.S. government has been responding in a variety of ways. This includes two things that may help you manage your student loan payments:

  • Emergency student loan waiver
  • 60-day suspension of student loan payments

With businesses and workplaces shuttered indefinitely across the globe, COVID-19 has already caused serious upheaval in the daily and financial lives of millions of people. These two plans presented by President Trump are meant to address a specific pain point: what about your student loans?

Today, I’m going to lay out these plans, how they will affect your student loans, potential repercussions, and everything else you need to know.

Full article at American Psychological Association

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