How student loan relief may help, or may notPresident Trump said he was waiving interest on tens of millions of student loans held by the federal government until further notice. But here’s the catch: Monthly payments are not actually going to decrease. That means they could pay their loans down faster, but they won’t have more money in their pockets now. The biggest benefit may be to borrowers who have paused their monthly payments because of hardship, or may in the future. The waiver will not apply to student loans issued through state agencies and private lenders, including Sallie Mae.

Source: New York Times March 18, 2020 00:31 UTC