set to 0% for at least the next 60 days.
Borrowers will also have the option to suspend payments entirely for at least two months without accruing interest, but they must request these terms — officially called forbearance — by reaching out to their loan servicers either online or on the phone. This may become a challenge,.
The fact that someone somewhere is making 8% off my 100k loan feels a bit like slavery.. Who decided it was a great idea to make money off students My mortgage has a much smaller interest rate. 2% would be fair.
Should be set to 0% permanently. Banks should be allowed to profit off of educating people
She can STILL kiss every part of my ass
So basically we should have just forgone higher education?
Now would be a perfect time to ERASE student debt. JoeBiden studentdebt
This woman is cold!
Wow that will safe me maybe $14.......Betsy your still a witch....wait that unfair to witch, you still suck
This is next to nothing. Defer payments for the next 6 months.
She is still evil!
Sure that's gonna help if you got no income coming in at all...
Cancel all student debt!!
Do like Senator Burr and just dump those loans.
You know BetsyDeVosED didn’t want to do it. She was forced most likely. We’re not her billionaire friends of hers so...
That’s simply NOT remotely enough. Let’s go BIG—institute a new national service requirement of 2 years universally, to be satisfied across multiple options from conservation to military to public projects AND aggregate and centralize all student loans eliminating ALL interest.
Interest on student loans should always be zero.
This isn’t enough - if we can bail out corporations, we can CancelStudentDebt
Once had a student loan statement...amount borrowed $9500...Amount paid $10,045...Balance Remaining $4,775...FML
Great. Time to have 95% of my payment not go to interest.
Why should you go to university for free? Socialism cracks me up.
First humane move out of that department since inauguration and all it took was a global pandemic.
Shouldn’t they always be no interest loans?
Amazing. That’ll save people at least $10 a month. Bless your heart BetsyDeVos
How about forever?
THIS DOESN’T HELP!!!! How can you pay a loan, even a no interest loan, if you can’t work? Defer all payments!!
When will credit cards do the same?
Needs to be for one year.
A majority of Americans aren’t paying their student loans as it is. What’s 0% of 0? The biggest losers are the ones actually paying their student loans. Those paying their loans are lucky to save $100.00 over two months. Spare me. It’s all grandstanding.
WTF?! I hate to be an ungrateful jerk but this is almost an insult!!
Why are they still trying to get praise for this Many have minimum payments of hundreds per month. You think they’re breathing a sigh of relief because they aren’t accruing interest right now?
Thank goodness. It was announced that the US Dept of Ed will waive standardized testing req for states that are affected by the Coronavirus and who request an exemption.
Great job Trump!
This helps no one .
Really!
So basically, if your monthly payments are $500, it'll still be about $500.
GOP DNC please suspend student loans!
Betsy, Betsy, Betsy. You know who has huge student loan debt? Nurses. Why don’t you start by erasing theirs while they are, ya know, saving lives. Better yet erase it all, call Warren I’m sure she still has a plan for that. BetsyDeVosED
Whose going to pay student loans during virus outbreak ?
But not forgiven... let’s give more money to BANKS!
Whoopdee shit
🙄
please but in the headline next time that ppl who have their loans through a federal loan service provider can call and have them automatically put into forbearance (no need to qualify) on top of the 0% interest rate. The forbearance thing is much more relevant.
But if you’re on a 10 year forgiveness plan will forbearances reset the clock on that? You cannot trust these people. It was a tactic to forestall ewarren ‘s legislation. I’d rather have $10,000 knocked of my now $60k loan (ALL OF WHICH IS INTEREST.) Cc: SenWarren
Let’s make it 60 years.
It should be for the entirety of the loan
She is a disgrace!
People with guns are mad at the wrong people. It’s this bitch who should have her brains splattered on the concrete
'Here's the tiniest possible crumb for all of you'
Oh boy yay
That’s nothing, wipe it away muthafucka.
Just forgive the damn loans already. They're a stone around the necks of the country anyway.
Lol. Thanks for the pat on the back.
Cool, it'll save me a few bucks that will be spread over the lifetime of my loan, aka, my entire life. Thanks.
Chrome needs an extension that blots out that face
Does this eliminate the accrued interest on deferred loans for these months? Asking for a friend.
Wow! :: opens calculator That saves me $7.72! Thanks Betsy Ross!
This literally does nothing. Literally nothing
‘Tis fair🙏
Should be FOREVER! It took me 10 years post-grad to pay mine off.
How about setting the payments to zero. And this pandemic will take more than 60 days...
I’d be paying my principle down as much as I could afford
Let’s keep the interest rates this way for those who are actively trying to pay their debt down. Gives us a chance to pay back what we borrowed BetsyDeVosED.
teachplus Thank you!
This is absolutely useless... Capitalism wrecking havoc during National emergency on Americans. So in 60 days everything will be restored and normalized? .... we have a Student Debt Crisis.... all student debt needs to be canceled period.
Is this for new borrowers?
I'll take 'Literally the least the Dept of Education can do' for $500 Alex.
The problem is private lenders who have kept their rates the same, despite the fed lowering theirs.
Those in the PSLF program be careful here. Do your research to find out the best steps to take.
So says Betsy from the evil boss
Stress reliever big time BetsyDeVosED
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