so make sure youfill out your FAFSAand apply for those first. And keep in mind that the CARES Act hassuspended federal loan paymentsuntil October, so you won’t need to make a payment for some
Current relief measures in response to the COVID-19 pandemic suspended most federal student loan payments and halted interest accrual until Dec. 31. Short of these measures being extended again under the Trump administration, higher education experts say borrowers can count on ...
Even so, students can still expect to see some relief through an increase in Pell Grants and a temporary pause on student loan payments. They can also appeal financial aid decisions that don't meet their needs. READ 10 Financial Aid Tips for College Students. COVID-19's Effect on Financi...
- Delaware State University announced it will cancel up to $730,655 in student loan debt for recent graduates who have struggled financially during the COVID-19 pandemic.On May 12, the university pledged to use funds it received from the $1.9 trillion COVID-19 relief plan to waive a...
For years, the cost of attending college has been rising gradually. People of all ages and socioeconomic situations have been financially impacted by the world catastrophe that everyone is experiencing due to the COVID-19 outbreak. Students at colleges are not an exception. But even though your...
Credible has a free and easy-to-usestudent loan repayment calculatorfor college students. Leverage more financial aid “It’s a good idea for families to talk to their student’s financial aid office, particularly if they’ve experienced financial hardship during COVID-19,” Brock advised. “As...
College graduates can certainly use the cash. It's been less than a year since the COVID-erastudent loan payment pause ended. The Education Department said that roughly 40% of student loan borrowers who owed a payment when the pause ended in October 2023failed to make that paymentby mid-No...
While the White House has turned its focus toextending the student loan payment pause, states have been moving forward with plans to pass legislation of their own to make some college tuition-free. Recently, New Mexico Gov. Michelle Lujan Grisham, a Democrat, signed the New Mexico Opportunity...
COVID-19 and Financial Aid November 9, 2020 Suzanne Shaffer In the wake of the coronavirus crisis, many American families are under severe financial strain and parents of college-bound students are in need of financial aid. Many are facing a $40,000 college tuition bill. Nearly 40% of pa...
There’s a few key things to know about how the ending of the student loan payment freeze can affect your taxes; plus, learn about some education tax credits many people aren’t aware of.