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Federal government waiving student loan payments, suspending entry at borders due to coronavirus

WASHINGTON, DC - MARCH 14: The White House on March 14, 2020 in Washington, DC. President Donald Trump declared a national emergency on Friday over the coronavirus outbreak to allow for more federal aid for states and municipalities. (Photo by Tasos Katopodis/Getty Images)

WASHINGTON – During a press briefing on Friday, President Trump announced that the federal government would be waiving interest on all federally-held student loans and will allowing the suspension of payments without penalty for at least 60 days. Borrowers should contact their student loan provider for more details.

President Trump also stated that the U.S. and Mexico would soon cut back on cross-border travel to reduce the spread of the coronavirus.

Travel limits will only apply to recreational and tourist travel . Trade will not be affected.

The restrictions are identical to the limits the  U.S. and Canada put in place earlier this week.

There will also be no ban on people traveling for work or other essential activities.

In the briefing, they also announced that the federal government would not be enforcing standardized testing requirements for students K-12 for the current year.

 

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