New York will halt collections of student and medical loan debts for the next month, hoping to provide relief for families impacted by the financial fallout from the coronavirus pandemic.
Gov. Andrew Cuomo and New York Attorney General Letitia James made the announcement on Wednesday. New York has the highest infection rate of any state in the country, with nearly 2,400 logged by Wednesday afternoon.
Interest on student loans, as well as collection fees, will also be halted. The policy will last until at least April 15.