Trump: Some Student Loan Interest Waived For Now

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People wear masks and gloves as they travel on a tube in London, Friday, March 13, 2020. For most people, the new coronavirus causes only mild or moderate symptoms, such as fever and cough. For some, especially older adults and people with existing health problems, it can cause more severe illness, including pneumonia. (AP Photo/Kirsty Wigglesworth)

WASHINGTON (AP) – President Donald Trump says he will waive interest on student loans being held by the federal government “until further notice” as part of an emergency action to help Americans deal with the new coronavirus.

Trump says he has also instructed his secretary of Energy to purchase large quantities of crude oil for the Strategic Petroleum Reserve, which stores fuel for emergency use.

Trump says “we’re going to fill it right up to the top” and the move would save American taxpayers and help the oil industry. Trump made the announcements during a White House press conference on Friday.

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