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The CARES Act, or the Coronavirus Aid, Relief, and Economic Security Act, was the U.S. government’s response to this unprecedented economic crisis spurred by the COVID-19 pandemic.
The CARES Act was signed into law on Friday, March 27, 2020. While that is great news, in and of itself, here’s a look at some of the key provisions included in the bill and what that may mean ...
The CARES Act’s student loan provisions were automatic (meaning student loan borrowers did not have to request relief). And borrowers were not supposed to be harmed or left worse-off as a result ...
The CARES Act authorized the U.S. Department of Education to provide funding for universities and colleges to award in the form of emergency financial aid grants to eligible students. “Our Division of ...
The CARES Act suspends payments on federally backed student loans until September 30. Who's in: That covers about 80% of all student loans, and borrowers won't be charged any interest until ...
The Cares Act allows for delay of federal payroll tax payments, but you will still have to make them at some point. Be sure you keep that cash on hand.