As the coronavirus continues to impact jobs and financial stability across the nation, President Trump announced Friday that he will allow federal student loan borrowers to take a break from making their monthly payments without penalty for at least the next two months. The Education Department also announced that it would set the interest rates on all federally held student loans to zero until at least May 12.
To read the full text of this post by Duane Morris attorney Tanvi Shah, please visit the Duane Morris UpdatED Blog.