On March 13, 2020, President Donald Trump declared a national state of emergency in response to the ongoing spread of the Coronavirus (COVID-19) which is now classified as a global pandemic. As part of this declaration, he announced that there would be a waiver of interest payments on all federal student loans. “I’ve waived interest on all student loans held by federal government agencies, and that will be until further notice,” President Trump said during his statement. At Southwest Recovery Services in Dallas, TX, our team of professional debt collection agents understands how important it is to act with unity during this unprecedented time of crisis, and we feel it is important to spend time clarifying some of the confusion that may be circulating regarding this decision among our clients, and our readers.