April 1 by Maps Credit Union
On Friday, March 13, President Donald Trump announced he would be freezing student loan interest as part of a package of emergency executive actions designed to mitigate the economic fallout from the coronavirus outbreak. The unprecedented move will provide relief to the 42 million-plus Americans who owe more than $1.5 trillion in outstanding federal student loans.
Since this announcement, there has been much confusion about what this freeze actually means for student loan borrowers. To help clear up some confusion, Maps Credit Union has answered some of the most common questions about the freeze.
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