Below you'll find a list of all posts that have been tagged as “coronavirus”
Today Congress will be passing a new Covid-19 related stimulus bill. Unfortunately, the relief doesn’t include an extension of the 0% interest and payment freeze on federal student loans. Earlier versions of the bi-partisan legislation included an extension on the federal student loan payment and interest suspension currently set to …
The Department of Education is currently issuing payment refunds to borrowers who made federal student loan payments during the Covid-19 Pandemic. This relief includes payments that were made by an automatic direct deposit and by manual withdrawal. Borrowers who have had wages garnished are also eligible for a refund. All …
As part of the financial relief during the Coronavirus epidemic, interest rates on most federal student loans have been temporarily lowered to 0%. Payments have been suspended through January 31st, 2021. The Biden transistion team has indicated that Biden will be extending the interest freeze and payment suspension. Full details …
Editor’s Note: This article was originally published on October 8, 2020, it has been updated to include President Trump’s support of student loan forgiveness as part of the Covid-19 relief bill. The idea of $10,000 worth of federal student loan forgiveness to combat the economic fallout from Covid-19 has been …
Editor’s Note: This article was originally published on August 10, 2020. It has been updated to include new guidance on student loan forgiveness and the interest freeze provided by the Department of Education. The Coronavirus pandemic has caused the federal government to take unprecedented steps to help borrowers manage their …
Editor’s Note: The initial lender reviews for this article took place on August 3rd, 2020. If a refinance company takes steps to provide better guidance to borrowers, its grade will be updated accordingly. Businesses love to brag about how they do the right thing and put consumers first. Sadly, this …
Guiding student loan borrowers through the financial crisis presents financial planners with several challenges. Borrowers may have the chance to take advantage of lower interest rates, but some of these strategies come with additional risks. Most planners should be able to direct their clients to options that take advantage of …
Refinancing a refinance student loan might sound redundant, but it is an excellent way for borrowers to eliminate debt more efficiently. Not all borrowers should try to refinance their student loans a second time, but in many circumstances, the permitted extra refi can save a bundle and provide some financial …
Most federal student loans have a 0% interest through at least January 31st, 2021. Depending upon what transpires over the next few months, the 0% interest will likely be extended. During this time, borrowers are not required to make payments. However, many borrowers have chosen to make extra payments during …
Funding a college education has always been a source of stress inside college families. Navigating the FAFSA and tracking down the right mix of scholarships, grants, and loans can be a time-consuming endeavor. For many, the growing cost of higher education has represented a significant hardship. Adding COVID-19 and the …
