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Bad surprise: Many student loan borrowers don’t qualify for coronavirus relief

Some 7.2 million Americans left out of plan aimed at easing finance crunch as economy craters.   By  Orange County Register PUBLISHED: April 30, 2020 at 12:43 p.m. | UPDATED: April 30, 2020 at 1:45 p.m. Emily Talcott breathed a sigh of relief last month when she heard that federal student loan borrowers would get some relief under the...

Posted by May 1, 2020May 27, 2020
Federal Student Loans For 6 Million People Aren’t Covered By The CARES Act
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Federal Student Loans For 6 Million People Aren’t Covered By The CARES Act

If your student loans aren’t covered by the CARES Act, you may be losing out on important student loan benefits. Here’s what you need to know – and what to do about it. Student Loans The CARES Act, which is the $2 trillion stimulus package meant to help Americans impacted by COVID-19, offers multiple benefits...

Posted by April 29, 2020May 27, 2020
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How marriage affects student loans

Getting married means learning to manage money as a team. For many couples, that involves figuring out a plan for tackling student loans. While marriage doesn’t automatically make your spouse’s student debt yours, or vice versa, you may have questions about how those loans could affect your financial plans. Student loan debt that was taken...

Posted by April 15, 2020May 27, 2020
Coronavirus tax extension: Why you still might want to file by April 15
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Coronavirus tax extension: Why you still might want to file by April 15

The IRS has pushed back tax day to July 15, 2020. Here’s everything you need to know, including the benefits of filing early. If dealing with the effects of coronavirus has put you behind schedule for preparing and paying your taxes this year, the US Treasury will give you three more months to pay your federal taxes without a...

Posted by April 6, 2020May 27, 2020
Here’s how banks and credit card companies are helping during the coronavirus outbreak
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Here’s how banks and credit card companies are helping during the coronavirus outbreak

Ally Ally customers won’t get charged overdraft fees, excessive transaction fees or fees for expedited checks and debit cards. Fee waivers are in place until at least July 16. If you have questions, comments or concerns, Ally is encouraging customers to use its website, since call wait times will likely be longer than normal. American Express...

Posted by April 6, 2020May 4, 2020
What college students should know about financial help during the coronavirus pandemic
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What college students should know about financial help during the coronavirus pandemic

What college students should know about financial help during the corona virus pandemic:   Colleges nationwide are closing their doors and moving to online-only learning amid the coronavirus pandemic. If you’re left in the lurch, the federal stimulus provides some student loan relief, but you’ll want to turn to your college for answers, too. All...

Posted by April 6, 2020May 27, 2020
Cancel Student Loans to Save the Economy Petition
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Cancel Student Loans to Save the Economy Petition

Trillions could be added  into the economy with no new taxes, and nothing added to the national debt.    Retweet This Petition The President is currently enacting economic stimulus measures in the face of impending recession.  He has no great options. The Fed Funds Rate is essentially zero. Taxes on corporations and the wealthy have already...

Posted by April 5, 2020May 10, 2020
Student Loan Covid 19 Care Act Guidelines
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Student Loan Covid 19 Care Act Guidelines

Your payments will automatically stop from March 13, 2020, through Sept. 30, 2020. To provide relief to student loan borrowers during the COVID-19 national emergency, federal student loan borrowers are automatically being placed in an administrative forbearance, which allows you to temporarily stop making your monthly loan payment. This suspension of payments will last until...

Posted by April 5, 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