"
data-check-event-based-preview=""
data-is-vertical-video-embed="false"
data-network-id=""
data-publish-date="2022-10-20T11:32:56Z"
data-video-section="world"
data-canonical-url="https://www.cnn.com/videos/world/2022/10/20/china-covid-protest-new-york-selina-wang-pkg-ovn-intl-contd-ldn-vpx.cnn"
data-branding-key=""
data-video-slug="china covid protest new york selina wang pkg ovn intl contd ldn vpx"
data-first-publish-slug="china covid protest new york selina wang pkg ovn intl contd ldn vpx"
data-video-tags="arts and entertainment,asia,business and industry sectors,business, economy and trade,chemical industry and chemicals,chemicals and environment,china,communicable disease control,continents and regions,diseases and disorders,east asia,environment and natural resources,epidemics and outbreaks,graffiti art,health and medical,infectious diseases,isolation and quarantine,public health,toxic and hazardous substances,visual arts,coronavirus,life forms,microscopic life,respiratory diseases,viruses,international relations,international relations and national security"
data-details="">
Video Ad Feedback
Artist wears 27 hazmat suits to protest China's policies
"
data-check-event-based-preview=""
data-is-vertical-video-embed="false"
data-network-id=""
data-publish-date="2022-10-03T04:07:55Z"
data-video-section="travel"
data-canonical-url="https://www.cnn.com/videos/travel/2022/10/01/hong-kong-attempts-to-revitalize-tourism-reopening-lu-stout-pkg-vpx.cnn"
data-branding-key=""
data-video-slug="hong kong attempts to revitalize tourism reopening lu stout pkg vpx"
data-first-publish-slug="hong kong attempts to revitalize tourism reopening lu stout pkg vpx"
data-video-tags="asia,china,continents and regions,coronavirus,coronavirus pandemic,diseases and disorders,east asia,epidemics and outbreaks,health and medical,hong kong,infectious diseases,kristie lu stout,life forms,microscopic life,misc people,public health,respiratory diseases,taiwan,tourism,travel and tourism,viruses"
data-details="">
Video Ad Feedback
See how Hong Kong is trying to revitalize itself after Covid-19
"
data-check-event-based-preview=""
data-is-vertical-video-embed="false"
data-network-id=""
data-publish-date="2022-09-20T19:06:18Z"
data-video-section="business"
data-canonical-url="https://www.cnn.com/videos/media/2022/09/20/late-night-reaction-joe-biden-pandemic-is-over-orig-ht.cnn-business"
data-branding-key=""
data-video-slug="late night reaction Joe Biden pandemic is over orig ht"
data-first-publish-slug="late night reaction Joe Biden pandemic is over orig ht"
data-video-tags=""
data-details="">
Video Ad Feedback
See late night reactions to President Biden claiming pandemic over
"
data-check-event-based-preview=""
data-is-vertical-video-embed="false"
data-network-id=""
data-publish-date="2022-09-05T13:32:45Z"
data-video-section="health"
data-canonical-url="https://www.cnn.com/videos/health/2022/09/05/long-covid-brain-fog-video-game-treatment-gupta-pkg-newday-vpx.cnn"
data-branding-key=""
data-video-slug="long covid brain fog video game treatment gupta pkg newday vpx"
data-first-publish-slug="long covid brain fog video game treatment gupta pkg newday vpx"
data-video-tags="business and industry sectors,business, economy and trade,computer science and information technology,experimentation and research,human subjects,misc people,sanjay gupta,science,software and applications,technology,video games"
data-details="">
Video Ad Feedback
Dr. Gupta: This treatment for 'brain fog' from long-Covid just might surprise you
"
data-check-event-based-preview=""
data-is-vertical-video-embed="false"
data-network-id=""
data-publish-date="2022-07-27T14:01:41Z"
data-video-section="world"
data-canonical-url="https://www.cnn.com/videos/world/2022/07/27/covid-origins-wuhan-market-live-jiang-newday-intl-ldn-vpx.cnn"
data-branding-key=""
data-video-slug="covid origins wuhan market live jiang newday intl ldn vpx"
data-first-publish-slug="covid origins wuhan market live jiang newday intl ldn vpx"
data-video-tags="asia,beijing,business and industry sectors,business, economy and trade,central china,china,computer chips,computer equipment,computer science and information technology,consumer products,continents and regions,coronavirus,diseases and disorders,east asia,experimentation and research,farmers markets,food and drink,food products,health and medical,hubei province,infectious diseases,kinds of foods and beverages,life forms,memory technology,microscopic life,respiratory diseases,retail and wholesale trade,science,seafood,street markets and traders,technology,viruses,wuhan"
data-details="">
Video Ad Feedback
New studies suggest Covid-19 likely originated from Wuhan wet market
"
data-check-event-based-preview=""
data-is-vertical-video-embed="false"
data-network-id=""
data-publish-date="2022-07-21T15:19:38Z"
data-video-section="politics"
data-canonical-url="https://www.cnn.com/videos/politics/2022/07/21/jill-biden-sot-joe-biden-positive-coronavirus-nr-vpx.cnn"
data-branding-key=""
data-video-slug="jill biden sot joe biden positive coronavirus nr vpx"
data-first-publish-slug="jill biden sot joe biden positive coronavirus nr vpx"
data-video-tags=""
data-details="">
Video Ad Feedback
Jill Biden speaks out after President Biden contracts Covid-19
"
data-check-event-based-preview=""
data-is-vertical-video-embed="false"
data-network-id=""
data-publish-date="2022-07-15T12:31:33Z"
data-video-section="business"
data-canonical-url="https://www.cnn.com/videos/business/2022/07/15/china-economy-covid-wang-henan-bank-pkg-intl-hnk-vpx.cnn"
data-branding-key=""
data-video-slug="China economy covid wang henan bank pkg intl hnk vpx"
data-first-publish-slug="China economy covid wang henan bank pkg intl hnk vpx"
data-video-tags="asia,banking, finance and investments,beijing,business, economy and trade,china,continents and regions,coronavirus,diseases and disorders,east asia,economic migration,economic policy,economy and economic indicators,employment and income status,epidemics and outbreaks,globalization,government and public administration,government bodies and offices,health and medical,immigration,immigration, citizenship and displacement,infectious diseases,international relations and national security,labor and employment,labor sector performance,life forms,local governments,microscopic life,migrant workers,personal finance,politics,public debt,public finance,public health,respiratory diseases,social and economic status,society,trade and development,viruses,unemployment,workers and professionals,demographic groups,families and children,males (demographic group),parents and parenting,population and demographics,economic conditions,economic crisis,economic decline"
data-details="">
Video Ad Feedback
'I'm losing my mind': Chinese depositor loses life savings in bank
"
data-check-event-based-preview=""
data-is-vertical-video-embed="false"
data-network-id=""
data-publish-date="2022-07-13T12:50:23Z"
data-video-section="health"
data-canonical-url="https://www.cnn.com/videos/health/2022/07/13/dr-anthony-fauci-coronavirus-new-variant-immunity-sot-newday-vpx.cnn"
data-branding-key=""
data-video-slug="dr anthony fauci coronavirus new variant immunity sot newday vpx"
data-first-publish-slug="dr anthony fauci coronavirus new variant immunity sot newday vpx"
data-video-tags="anthony fauci,diseases and disorders,health and medical,infectious diseases,life forms,microscopic life,misc people,viruses"
data-details="">
Video Ad Feedback
Dr. Fauci explains why new BA.5 subvariant is concerning
Student loan borrowers will be able to suspend their federal student loan payments without penalty and without accruing interest for at least 60 days, the Department of Education said Friday.
President Donald Trumpannounced a week ago that he would waive student loan interest amid the coronavirus crisis – but borrowers were awaiting details on how it would work and how long it would last. The Department of Education’s announcement Friday clarifies the policy change.
For now, borrowers will be able to put off two monthly loan payments. Additionally, interest will be waived for 60 days, starting retroactively on March 13.
But Trump suggested during a news conference Friday that he could decide to keep the policy in effect for longer.
“If we need more, we’ll extend that period of time,” Trump said.
The suspension of payments does not wipe away debt, and it won’t be automatic. A borrower must contact their loan servicer and request that their loans be put in forbearance.
This option, requesting forbearance, already exists for borrowers struggling to afford their monthly student loan bills. But the process usually requires a borrower to submit documentation showing they meet the eligibility requirements. Now, it could be a little easier. The Department of Education said it has directed loan servicers to grant forbearance to anyone with a federal loan who requests one.
“Borrowers should contact their lenders, but we’ve given them very strong instructions,” Trump said.
Usually, loans in forbearance accrue interest. But that won’t happen at least over the next 60 days under the new temporary policy. That means a borrowers’ balance won’t continue to grow.
For someone with $30,000 of debt with an interest rate of 5%, for example, that means a savings of about $126 for each month the waiver is in place.
Interest waiver won’t lower your payments
The temporary waiver will stop interest from adding up on federal loans, even if the borrower doesn’t request it.
But that won’t lower the amount a borrower owes each month. Monthly payments are typically divided between paying down the principal and the interest. If a borrower has already paid off all the interest accrued prior to March 13 – when the policy went retroactively into effect – the full monthly payment will be applied to the principal, the Department of Education said Friday.
That doesn’t offer borrowers relief now, but could result in savings over the lifetime of their loans.
Call your loan servicer if you’re struggling
Forbearance might not be the best option for you.
Enrolling in a different repayment plan, such as an income-driven plan, could lower your monthly payment if your pay has been cut.
But borrowers must contact their loan servicer to switch plans.
Those seeking Public Service Loan Forgiveness may want to keep making payments if they can afford them. If they go into forbearance for the next two months, it will take them two months longer to qualify for loan forgiveness.
Some Democrats propose debt cancellation
As lawmakers are considering what to include in a $1 trillion-plus stimulus plan, some Senate Democrats have proposed canceling student loan payments for the duration of the coronavirus emergency.
This is different than suspending payments. Under the Democratic plan, the government would be paying the student loan bills on behalf of the borrowers – wiping away some of their debt.
The plan is backed by Sen. Elizabeth Warren of Massachusetts, Senate Minority Leader Chuck Schumer of New York, Washington state’s Sen. Patty Murray and Sen. Sherrod Brown of Ohio, all fellow Democrats.
