Trump pauses student loan collection, closes U.S.-Mexico border amid coronavirus crisis

Donald Trump.
(Image credit: Alex Wong/Getty Images)

President Trump enacted a series of strong measures on Friday meant to combat the spread of the new coronavirus and curb the economic downfall it has brought about.

In a Friday press conference, Trump announced that the U.S. Department of Education would waive interest on student loans and that borrowers could suspend loan payments for at least 60 days "without penalty." Borrowers would have to reach out to their lenders on their own to initiate that pause, Trump added.

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Kathryn Krawczyk

Kathryn is a graduate of Syracuse University, with degrees in magazine journalism and information technology, along with hours to earn another degree after working at SU's independent paper The Daily Orange. She's currently recovering from a horse addiction while living in New York City, and likes to share her extremely dry sense of humor on Twitter.