Channel 1 Los Angeles
Washington D.C. 3/21/2020
Remarks by USA President Donald J. Trump
With many schools closed due to the virus, the Department of Education will not enforce standardized testing requirements, very importantly, for students in elementary through high school for the current year. They’ve been through a lot. They’ve been going back and forth; schools open, schools not open. It’s been all standardized testing. And, you know, it’s — we’re not going to be enforcing that, so I think you can let people know. I think probably a lot of the students will be extremely happy; some probably not. The ones that work hard, maybe not. But it’s one of those things. Unfortunate — very unfortunate circumstance.
We’ve also temporarily waived all interest on federally held student loans. They’ll be very happy to hear that. And I’ve instructed them to take that action immediately. And today, Secretary DeVos has directed federal lenders to allow borrowers to suspend their student loans and loan payments without penalty for at least the next 60 days. And if we need more, we’ll extend that period of time. Borrowers should contact their lenders, but we’ve given them very strong instructions.
So we’ve temporarily waived all interest on federally held student loans. That’s a big thing. That’s going to make a lot of students very happy. And we have more to come on student loans — more good news for the students — but we’ll do that at a different time.
This morning, the Treasury Department also announced that we’re moving Tax Day from April 15 to July 15. So we’re moving it out to July 15th so that people will have time and people will be able to — hopefully, by that time, we’ll have people getting back to their lives. Families and businesses will have this extra time to file with no interest or penalties. We’re getting rid of interest and penalties.
However, if you have refunds or credits you would like to claim, you may still file. In other words, you can file early if you are owed money by the IRS. Other than that, we’re moving it all the way out to July 15th — no interest, no penalties. Your new date will be July 15.
Today, our team will also provide an update on our continuing effort to prevent the transmission of virus across America’s borders. And I watched what’s been happening in California with Governor Newsom and, this morning, with Governor Cuomo, and I applaud them. They’re taking very strong, bold steps, and I applaud them. And we’re all working together. We’re working very closely together, including those two governors.
But I would say, based on the call — the media was there — I think we can say that, with respect to virtually every governor on that call, I think every governor — we had almost all of them, if not all of them — and I would say that you could see for yourselves that the level of respect and esprit de corps working together was extraordinary. There was nobody angry, nobody upset. We’re able to help them, and that’s what we’re all about. We want to help.