President Donald Trump announced Friday that the Department of Education will temporarily waive all interest on student loans held by the federal government for 60 days, and borrowers will have the option to suspend payments for at least two months.
In a statement, the Department of Education said that sec. Betsy DeVos, also authorized an automatic suspension of payments for any borrower who is more than 31 days past due as of March 13, 2020, or becomes more than 31 days past due, essentially providing borrowers with a safety net during the national emergency. .
The ministry advised borrowers to contact their loan department online or by phone to request this forbearance. Visit the student assistance site of the Ministère de l’Éducation here for more information.
Trump also said the federal government will not enforce standardized testing requirements for elementary to high school students in the wake of the coronavirus outbreak. Several states had asked DeVos to cancel standardized tests for this school year as they face school closures that could last for weeks or months. Testing was due to start in early April in many states.
“It’s going to make a lot of students very happy,” Trump said during the daily White House briefing.