Trump Admin to Waive Interest on Federal Student Loans for Now

Trump Admin to Waive Interest on Federal Student Loans for Now
President Donald Trump holds a news conference about the ongoing global coronavirus pandemic in the Rose garden at the White House in Washington, March 13, 2020. Drew Angerer/Getty Images
Bill Pan
Bill Pan
Reporter
|Updated:

President Donald Trump on Friday afternoon announced that he is waiving interest payments on all federal student loans, in an effort to ease the economic stress on Americans caused by the coronavirus outbreak.

“To help our students and our families, I’ve waived interest on all student loans held by federal government agencies,” President Trump said during a news conference in the Rose Garden, adding that the decision will be “until further notice.”