That also seemed like a comically paltry move. I still have to make my payments, after all!

In addition my wife and I have spent the last couple of years with two incomes wiping away our student debt on high incomes in Seattle - so the only loans I have left are pretty low interest.

The only way I can see this working for everyone is to simply halt the economy altogether. No mortgages, no bills, free food, free medical care. Once we get a hold on the disease itself we can deal with the economic impacts.

I suspect the interest will help some quite a bit. Not everyone, of course.

I do think that the money would be better if targeted toward certain people versus peanut-buttered over everyone.

But the payment doesnt go down, it just applies more to principal.

It will benefit people more in the long run, but it's not short term relief.

Of course, suspend the payments through this crisis, but why should you not owe it?

Student loan interest on government loans is suspended? Am I reading this right?

EDIT: Found some info, although it's unclear what exactly qualifies the loan: https://www.nytimes.com/2020/03/14/business/student-loans-co...