Trump administration halts interest payments on student loan debts during coronavirus pandemic

[mom2collegekids]

@thumper1

I’m in the every penny counts corner.

But I do agree with the poster who asked how this interest stoppage is going to help anyone. They will still be required to make their loan payments. For folks furloughed from their jobs…an interest stoppage isn’t going to help them pay their bills now.

If people are furloughed/laid off and then go into IBR, then wouldn’t stopping interest mean that they won’t later on see a huge jump in what they owe?