![Student Loan Interest is Waved Because of Coronavirus](https://townsquare.media/site/942/files/2020/03/RS2176_149051047.jpg?w=980&q=75)
Student Loan Interest is Waved Because of Coronavirus
The coronavirus has not only had a huge effect on our health, but because of the rapid spread of it, many businesses have closed. If those businesses don't pay their employees a salary and they get paid hourly or solely survive on tips, those workers are really struggling right now to pay their bills.
Many people in this country struggle with debt of all kinds. The only debt I have is my student loans, and I hope I can pay that off soon. I will throw a party the day that they are paid off. It's a big monthly expense and if you don't pay them, it can really lower your credit score. So I was really excited to hear President Trump's announcement a few days ago that he is issuing an executive order for all federal student loan interest to be put on hold at this time. We are awaiting the details, the President has been a little busy holding daily press conferences to keep the public informed about the spread of COVID-19.
Read more about this here.
More From 94.5 PST
![“STAY HOME” – The Most Terrifying & Life-Altering NJ & Pa. Stories From This Week in March 2020](http://townsquare.media/site/942/files/2024/03/attachment-Copy-of-Philadelphia-Mask-3000-x-3000-px-1600-x-1067-px.jpg?w=980&q=75)
![Three Years Later, The Most Common Symptoms For COVID-19 Have Changed!](http://townsquare.media/site/385/files/2021/12/attachment-RS42213_GettyImages-1215735672.jpg?w=980&q=75)
![US clears updated COVID boosters targeting newest variants](http://townsquare.media/site/942/files/2021/10/attachment-GettyImages-1232281804.jpg?w=980&q=75)
![Sister-in-Law Who Lives Rent Free With Brother Demands His Wife Pay for Wedding](http://townsquare.media/site/252/files/2022/07/attachment-httpsfiles.slack_.comfiles-priT033GCPL1-F03Q80F04DSgettyimages-1142626695.jpg.jpg?w=980&q=75)
![Philadelphia’s Mask Mandate Returns April 18](http://townsquare.media/site/942/files/2022/04/attachment-Face-Mask-in-Philly-Back.jpg?w=980&q=75)
![Oh No! It Looks Like Masks Are About to Be Required Indoors in Philly Again](http://townsquare.media/site/942/files/2022/04/attachment-Face-Mask-in-Philly-Back.jpg?w=980&q=75)
![Australian News Show Airs Vile COVID-19 Joke About BTS During Grammys Coverage](http://townsquare.media/site/252/files/2022/04/attachment-insensitive-bts-joke-after-grammys.jpg?w=980&q=75)
![Keep Covered! Masks Required on Public Transportation At Least Another Month](http://townsquare.media/site/39/files/2022/03/attachment-Light-Purple-and-White-Fashion-Back-to-Business-Landscape-Banner2.jpg?w=980&q=75)
![Judd Apatow Makes a Movie About Making Movies During Covid in ’The Bubble’ Trailer](http://townsquare.media/site/442/files/2022/03/attachment-the-bubble-1jpg.jpg?w=980&q=75)