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With closures and cancellations happening across the US this week in response to the spreading coronavirus, many Americans are likely to face financial burdens in the very near future as their incomes dwindle.
In an effort to help ease that burden, President Donald Trump announced in a press conference on Friday that the interest on federal student-loan payments would be suspended “until further notice” while the US deals with the ongoing coronavirus crisis.
Trump also declared a national emergency during the press conference, freeing up federal dollars to help clamp down on COVID-19. The break on interest is one of a number of efforts the Trump administration is making to avoid a total economic crisis for…