Federal student-loan borrowers pause payments, no interest for 60 days - Business Insider

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The federal government is extending further financial relief to millions of student-loan borrowers

Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification.On Friday, President Trump announced that all federal student-loan borrowers now have the option to suspend their monthly payments for "at least the next 60 days."Read more personal finance coverage.

"These are anxious times, particularly for students and families whose educations, careers, and lives have been disrupted," US Secretary of Education Betsy DeVos. "Right now, everyone should be focused on staying safe and healthy, not worrying about their student loan balance growing. I commend President Trump for his quick action on this issue, and I hope it provides meaningful help and peace of mind to those in need.

 

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