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Students May Be Eligible for Emergency Relief Grants
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Options for Loans Ineligible for CARES Act Forbearance
The recent CARES Act has placed federal student loans into interest-free forbearance until September 30, 2020. However, FFEL loans, private loans, and college-owned Perkins loans are ineligible for CARES Act relief. View this video to learn more: Contact a concierge...
Tips for Financial Stability
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Answers to your CARES Act Questions
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Largest Aid Package in History Includes Student Loan Relief and Employer Contribution Benefits
Today, President Trump signed a historic $2 trillion stimulus bill into law that was passed by unanimous consent in the House hours earlier. The Coronavirus Aid, Relief, and Economic Security (CARES) Act suspends federal student loan payments for six months until...
Should I Refinance During the Student Loan Interest Waiver?
The U.S. Department of Education’s suspension of student loan interest doesn’t necessarily translate into an opportunity to refinance your federal student loans, but it may be an opportunity to secure a lower interest rate for your private loans. Keep in mind that...
More Student Loan Relief in the $2T Stimulus Bill
On Wednesday, the Senate unanimously passed a $2 trillion stimulus bill to assist Americans affected by the COVID-19 outbreak. Interest Waiver Extended to Six Months The government extended the interest waiver from two months to six months. While this waiver will...
How does the coronavirus affect my delinquent/defaulted student loans?
Any borrower who is more than 31 days delinquent as of March 13, 2020, will have an automatic suspension of payments for the duration of the declared emergency. Betsy DeVos, U.S. Education Secretary, announced today that the Education Department has stopped all...
Guidance on Federal Work-Study (FWS) During School Closures
If you’re a college student at an institution that has closed due to COVID-19 disruptions and you’re unable to work your scheduled Federal Work Study (FWS) hours, your institution may continue paying you wages during a closure. Federal law includes a provision...
What to do with Zero Percent Interest Rates
The Department of Education announced that all federally held student loans will have a 0% interest rate for a minimum of 60 days starting from March 13th, 2020. The good news is that it should automatically apply to your loans by the end of the week! However, to be...