Trump: I’m Waiving Interest On Student Loans

In an effort to mitigate the economic impact of coronavirus for every day Americans, Trump said he will waive interest on all federal student loans held by the federal government agencies. This emergency executive action comes hours after Treasury Secretary Steve Mnuchin told CNBC that temporary suspension of interest on student loans was “one of 50 different items we’re bringing to the president for a decision.” The details, including the mechanics, timing and duration, should be forthcoming.

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