PPP loans are 100% federally guaranteed loans for small businesses intended for companies to maintain their payroll levels and allow partial loan forgiveness
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PPP loans are 100% federally guaranteed loans for small businesses intended for companies to maintain their payroll levels and allow partial loan forgiveness

The $350 billion lending program allowed by the latest stimulus package aims to expand the access and availability of loans to struggling small businesses. And the terms are now very different. President Trump on March 27 signed a $2 trillion coronavirus stimulus package and with it unleashed a $350 billion paycheck protection program (PPP) aimed at helping U.S. small...

Posted by March 31, 2020May 27, 2020
SBA Loans Under the CARES ACT
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SBA Loans Under the CARES ACT

The Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”), signed into law on Friday March 27, 2020, introduces the Paycheck Protection Program (the “PPP”) with $349 billion in funding and the goal of preventing job loss and small businesses failure due to losses caused by the COVID-19 pandemic.  The new PPP loan program is available for...

Posted by March 31, 2020March 31, 2020
Consumer Financial Protection Bureau
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Consumer Financial Protection Bureau

Beware of scams related to the coronavirus   Scammers are taking advantage of the coronavirus (COVID-19) pandemic to con people into giving up their money. Though the reason behind their fraud is new, their tactics are familiar. It can be even harder to prevent scams right now because people 65 and older aren’t interacting with as many...

Posted by March 30, 2020May 27, 2020
U.S. Department of Education Holds Penn State Accountable for its Failure to Protect Students from Sexual Misconduct, Requires Major Overhaul of Title IX Procedures Following Compliance Review
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U.S. Department of Education Holds Penn State Accountable for its Failure to Protect Students from Sexual Misconduct, Requires Major Overhaul of Title IX Procedures Following Compliance Review

MARCH 26, 2020 Contact:   Press Office, (202) 401-1576, press@ed.gov WASHINGTON — U.S. Secretary of Education Betsy DeVos announced today that the Office for Civil Rights (OCR) is requiring major changes at Pennsylvania State University after finding that the school failed to protect students and address their complaints of sexual abuse in the wake of the Jerry Sandusky...

Posted by March 27, 2020May 27, 2020
Secretary DeVos Directs FSA to Stop Wage Garnishment, Collections Actions for Student Loan Borrowers, Will Refund More Than $1.8 Billion to Students, Families
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Secretary DeVos Directs FSA to Stop Wage Garnishment, Collections Actions for Student Loan Borrowers, Will Refund More Than $1.8 Billion to Students, Families

MARCH 25, 2020 Contact:   Press Office, (202) 401-1576, press@ed.gov WASHINGTON — U.S. Secretary of Education Betsy DeVos announced today that, due to the COVID-19 national emergency, the Department will halt collection actions and wage garnishments to provide additional assistance to borrowers. This flexibility will last for a period of at least 60 days from March 13, 2020....

Posted by March 25, 2020March 25, 2020
Joe Biden Cancel $10 000 Of Student Loans Due To Coronavirus
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Joe Biden Cancel $10 000 Of Student Loans Due To Coronavirus

Joe Biden says it’s time to cancel $10,000 of student loan debt for every American. Here’s what you need to know. Student Loans In the wake of the Coronavirus outbreak, the former vice president and 2020 presidential candidate wants to help Americans manage their money, especially their student loans. Biden tweeted Sunday, “Additionally, we should forgive...

Posted by March 25, 2020May 27, 2020
Everything You Need To Know About Student Loans During Coronavirus
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Everything You Need To Know About Student Loans During Coronavirus

Everything You Need To Know About Student Loans During Coronavirus: There’s so much misinformation floating around right now about what to do with your student loans during the Coronavirus emergency. Let’s set the record straight. Here’s what you need to know. Student Loans: Coronavirus It’s time to end the confusion. Here’s a quick true and...

Posted by March 25, 2020May 10, 2020
How Can I Remove Student Loans from My Credit Report?
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How Can I Remove Student Loans from My Credit Report?

If the account information is accurate, you probably can’t remove student loans from your credit report. Student loans that you have defaulted on or are delinquent on will stay on your credit report for seven years from the original delinquency date of the debt. Student loans are an installment loan, like an auto loan or...

Posted by March 24, 2020March 24, 2020
WV waives minimum GPA requirement for free community college tuition, Promise Scholarships, Higher Ed Grants
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WV waives minimum GPA requirement for free community college tuition, Promise Scholarships, Higher Ed Grants

West Virginia college students won’t have to maintain minimum grade point averages to continue receiving free community college tuition or money from Promise Scholarships, Higher Education Grants and a couple other state scholarship programs for next academic year. Before Friday, students would have had to keep at least a 2.0 GPA to continue receiving free...

Posted by March 22, 2020May 27, 2020
Graduate Student Letter to the Administrators of Stanford University
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Graduate Student Letter to the Administrators of Stanford University

Dear President Tessier-Lavigne: We are currently in uncharted territory. Our political leaders and the American public have finally begun to grasp the severity of the COVID-19 pandemic, which will fundamentally disrupt the daily routines and livelihoods of individuals in this country and across the globe. Hundreds of thousands of people may die; countless others will...

Posted by March 22, 2020March 22, 2020