Now is not the time to panic. Rather, it is the time to assess your situation, and figure out a plan of action for managing your student loans. Here are some options for student loan borrowers as the Coronavirus crisis deepens.
Some Democratic lawmakers are calling for student debt cancellation to be included in the next coronavirus relief package as Washington debates how to provide economic assistance to businesses impacted by the pandemic.
The Argentine economy has been under acute stress since at least the first half of 2018, when self-inflicted wounds and an unfavorable set of exogenous shocks caused the first of many violent devaluations of the peso.
As the coronavirus continues to spread, the economic fallout from the illness is already being felt. Iran, which already has a fragile economy, is seeking a $5 billion loan from the International Monetary Fund to fight the virus.
Senate Republicans joined Democrats Wednesday to overturn a rule backed by Education Secretary Betsy DeVos that would have limited the student debt relief granted to people defrauded by for-profit colleges — an unusual bipartisan move to undo a Trump administration initiative to weaken an Obama-era policy.
Rep. Alexandria Ocasio-Cortez, D-N.Y., suggested Thursday that the Federal Reserve, through its response to the coronavirus, proved the U.S. government could shoulder the burden of student loan debt relief.