In the latest effort to help American college students in financial distress during the ongoing pandemic, Senate Republicans and Democrats on Thursday released two different student loan relief plans.
The Republican plan, as part of a $1 trillion economic stimulus package, would give U.S. Secretary of Education Betsy DeVos the authority to pause student loan payments, principal and interest, for up to three months. It would also allow her to grant another three months of deferment if necessary, depending on whether President Donald Trump’s national emergency declaration would remain in effect.
