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.