In the midst of unchartered waters for many Americans and their families, the U.S government has now said that federal student loans payments are suspended through 30 September (this includes the fact they must now stop accruing interest.)
The change will happen as soon as Trump signs the now-passed Coronavirus relief bill this afternoon and takes charge immediately. This means that defaults will not be counted for at least 6 months; dings on credit reports, and the usual stuff.
You can still pay down your principal without the added burden of interest at least for the next six or so months. House Dems have signaled that in the near future they intend to work on even more relief as the economic fallout from the Coronavirus ravages through America.
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