Federal student loan payments have been deferred through December

, passed on March 27, paused federal student loan payments and temporarily set the federal student loan interest rate to 0%.

"All borrowers with federally held student loans will have their payments automatically suspended until 2021 without penalty," reads . "In addition, the interest rate on all federally held student loans will be set to 0% through the end of the calendar year.", roughly 42.6 million federal student loan borrowers collectively owe over $1.5 trillion in federal student debt.

DeVos' announcement also extended protections for borrowers with defaulted federal student loans from having their wages garnished during this time. However, the Trump Administration has faced serious critiques as well as class action lawsuits for

MakeIt 🎉

MakeIt Ic, deplorable buckets wanna buy some votes in Nov

MakeIt Because everything is gonna be fine in January?

MakeIt Thank god I went to WidenerUniv

MakeIt Thank You Trump!

MakeIt It's only on paper. Check your student loans online because NONE have actual been deferred past 9/30/20. Don't get caught by false promises.

MakeIt Yea, but what about blood sucking mafia private lenders?

MakeIt It’s Betsy DeVos, don’t believe it until there are receipts.

MakeIt Imagine how the coming would take off if all student loans were forgiven. We could actually move on with life without this oppressive burden.

MakeIt

MakeIt It doesn’t matter. No one is paying the mafia anymore anyway lol

Cat_in_Florida MakeIt So they aren’t going to take legal action if people don’t pay - but the interest keeps growing so everyone still falls further and further behind. In my opinion that’s no help.

MakeIt Why now? It seems to me the GQP is desperate to appeal to thousands. It’s good for those who have to pay and have needed relief in these uncertain times. I remain skeptical.

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