Student debt has always been challenging to pay down. In fact, one in five adult borrowers who funded their own education were behind on their payments in 2018. Pair this with one of the most ...

These borrowers’ student loans are in good standing, and no payments are due. So what is going on here? Why are their credit scores dropping? The CARES Act — a federal stimulus bill passed in ...

Additionally, unlike under the CARES Act, those non-payments would not count for a borrower seeking student loan forgiveness. For that reason, many borrowers might not have opted to go into ...

At the request of President Biden, the Department of Education is extending the pause on federal student loan payments and collections, and keeping the interest rate on loans at 0%, through the ...

The Coronavirus Assistance, Relief, and Economic Security (CARES) Act was approved by Congress and includes support for higher education, including emergency grants for students facing expenses due to ...

Totaling over $2 trillion, the CARES Act was the largest economic stimulus ... Under CARES, federal student loan repayments (and interest accumulation) were suspended through September 1, 2023 ...

The CARES Act includes these new programs for small businesses: A $349 billion worker-retention loan program A debt relief program An expanded economic injury disaster loan program Qualifying ...

As part of the Coronavirus Aid, Relief, and Economic Security (CARES) Act, some student loan borrowers were granted forbearance - a pause on monthly payments. The relief, however, is coming to an ...