“To help our students and their families, I even have waived interest on all student loans held by federal agencies which are going to be until further notice,” Trump said. “That’s an enormous thing for most of scholars who stay in the middle at the moment .”

Read more: Online Loans in case of Emergency

Online Loans to Consolidate and Refinance Debt

Trump also announced at the ceremony that he would declare a national emergency over the virus, which can release federal resources to assist state and native governments answer the pandemic.
Several colleges and universities across the country have closed and shifted to remote classes amid the outbreak. Trump’s decision will help Americans who may struggle to stay up with student loan payments during the outbreak, which has rattled the stock exchange and sowed concerns about the adverse impact on the U.S. economy.
Trump sought to project confidence about his administration’s response to the virus on Friday and said the country would “eventually turn a corner” on the virus.

Besides taking advantage of the Federal Financial Assistance programs on debt relief you can apply for Student Loan Refinancing from specialized lenders:

PenFed provides Loans to consolidate your private and federal student loans as well as Refinance Parent Plus loans, Spouse Loans, and Individual Student Loans. They offer competitive rates allowing individuals and couples to consolidate and refinance their federal and private student loans into a single loan.

  • Refinance Parent Plus loans
  • Spouse Loans
  • Individual Student Loans
  • Cosigners must be a U.S. citizen.

  • Cosigners must be age of majority in your state of residence

  • Cosigners must co-sign on both the loan application and on the promissory note.

  • Cosigners must provide proof of income.

  • Cosigners must be able to meet the cosigner credit requirements.

  • Physical branches available
  • ATM card offered
  • Access to multiple surcharge-free ATM network
  • Mobile apps available
  • 0.05% APY on its basic savings account.
  • $1,000 minimum on share certificates is high.
  • Doesn't participate in shared branching.



LendYou will help you get the cash you need when you need it. You can apply for Payday Loans, Installment Loans or Personal Loans, etc. Compare the lenders and get matched with the best one.

  • MIN Loan Amount: $100
  • MAX Loan Amount: $35000
  • Terms: Varied
  • Rates and fees: Starting at 4.99% APR
  • Turnaround Time: 1 business day
  • $100 - $1000 Payday Loans
  • $1000 - $5000 Installment Loans
  • $5000 - $35000 Personal Loans
  • 18 years of age or older
  • U.S. citizenship
  • Valid checking or savings account with direct deposit
  • Minimum regular income of $1,000 per month
  • Not be a regular or reserve member of the Air Force, Army, Coast Guard, Marine Corps or Navy (or be a dependent of someone who is,) serving on active duty under a call or order that does not specify a period of 30 days or fewer.
  • High up to $15,000 loan amounts. 
  • Minimal restrictions on how you can use your loan.
  • No collateral or guarantor.
  • Bad credit is OK. 
  • It's not a direct lender, so you'll need to clarify rates and terms with the company you are matched with. 




PaydayloansUSA.online offers Payday Loans, Installment Loans, Personal Loans and other money products at affordable rates with convenient repayment. 

  • MIN Loan Amount: $100
  • MAX Loan Amount: $35000
  • Terms: Vary by state.
  • Rates and fees: 4.99% to 1386% APR
  • Turnaround Time: 1 business day
  • Payday Loans
  • Installment Loans
  • Personal Loans
  • Active checking account open for 90+ days
  • US citizen or permanent resident
  • Personal and work phone number
  • Valid email address
  • Quick - no driving, waiting, faxing, paperwork.
  • More than 300 direct lenders.
  • High approval rate even for bad credit Payday Loans.
  • Online Payday cash advance with no collateral.
  • 24 / 7 online service.
  • No hard credit check Payday Loans.
  • High interest rates.
  • Available not in all the states.
  • Not many financial products offered.