Trump: Some student loan interest waived for now

National News

WASHINGTON, DC – MARCH 12: U.S. President Donald Trump talks to journalists while hosting Prime Minister of Ireland Leo Varadkar in the Oval Office at the White House March 12, 2020 in Washington, DC. Taoiseach Varadkar is in Washington for the annual celebration of St. Patrick’s Day and to participate in the traditional Shamrock Bowl presentation. (Photo by Chip Somodevilla/Getty Images)

WASHINGTON, D.C. (WTWO/WAWV) — 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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