The U.S. Department of Education announced Friday that borrowers with federal student loans will be able to pause their payments for at least two months without interest growing.
Education Secretary Betsy DeVos said in a press release that her department is delivering a promise made by President Donald Trump. During a March 13 White House news conference, Trump announced that he would waive interest payments on all federal student loans in an effort to ease the economic stress on Americans caused by the ongoing pandemic.
