Federal Government Waives Student Loan Payments amid Coronavirus Pandemic
President Trump, in a press briefing Friday, announced that the US government would waive interest on all the federally-held student loans and allow for the suspension of payments without penalty for at least 60 days.
The president also stated in the announcement that the US and Mexico would sharply curtail the cross-border travel to prevent the spread of the coronavirus. The travel limits will apply only to recreational travel. This will not affect trade.
The restrictions were similar to limits the US and Canada had put in place earlier this week along their shared border. People traveling for work or other vital activities were also not affected.
It was also announced in the briefing that the US government would not be enforcing standardized educational testing requirements for the students in elementary through high school for the current year.
The federal government was also using all the tools possible to bring back home the Americans stranded internationally due to the new travel restrictions.
The new measures came as the Trump administration was being scrutinized for its inability to provide the required masks and ventilators to hospitals on the verge of being overwhelmed by the coronavirus patients.