Trump Seeks to Extend Student Loan Relief Via Executive Order

Seeking to work around the currently stalled congressional negotiations for the next coronavirus relief package, President Donald Trump on Saturday issued an executive order to provide deferments to borrowers on student loan repayments and waive interest on student loans through December 31.

While operational and implementation questions remain, the directive would appear to provide relief to millions of borrowers who would otherwise find themselves back in repayment on October 1. Further action on student loans could be taken should congressional negotiations yield a new bout of relief. House Democrats' coronavirus relief package has called for pausing student loan payments and interest accrual through Sept. 30, 2021, while Senate Republicans’ proposal calls for modifying the current student loan repayment system.


Publication Date: 8/10/2020

You must be logged in to comment on this page.

Comments Disclaimer: NASFAA welcomes and encourages readers to comment and engage in respectful conversation about the content posted here. We value thoughtful, polite, and concise comments that reflect a variety of views. Comments are not moderated by NASFAA but are reviewed periodically by staff. Users should not expect real-time responses from NASFAA. To learn more, please view NASFAA’s complete Comments Policy.

Related Content

Today's News for September 17, 2021


Double Pell Would Halve Student Loan Debt, New Report Details


View Desktop Version