In a move that has sent shockwaves through the country, the Trump administration has announced a temporary freeze on federal grants and loans. The White House memo, which was leaked to the media, cited the need to reassess the distribution of funds in order to ensure they are being spent wisely.

The freeze has caused panic among students who rely on federal loans to pay for their education, as well as small businesses that depend on grants to keep their operations running. Many are left wondering how they will be able to cover their expenses without this crucial financial support.

The decision has sparked backlash from both sides of the political spectrum, with critics arguing that it will only serve to exacerbate economic inequality and hinder the country's recovery from the ongoing pandemic. Democratic Senator Bernie Sanders has been particularly vocal in his condemnation of the move, calling it a "disgraceful attack on working families."

As the country grapples with the implications of this unexpected development, many are left wondering what the future holds for federal loans and grants under the Trump administration.