The Paycheck Protection Program was a federal program designed to support small businesses through the COVID-19 pandemic. If you received a PPP loan, you may be able to apply for forgiveness. If this is granted, you won’t have to repay the loan. You should apply for PPP forgiveness as ...
In 2023, the PPP Loan Forgiveness Program will be available to eligible borrowers. This program will forgive all or part of the loan balance for those who meet the criteria. The forgiveness will be based on a borrower's use of the funds for eligible expenses such as payroll, rent, and ut...
So we're really trying to facilitate that debt forgiveness piece as opposed to some of the applications that have already been submitted. According to Jeff Drew at the Journal of Accountancy, here is how the latest clarifications are impacting small businesses who have applied to the Program: Th...
Brown does not qualify for debt relief, as her loans are held by commercial entities, and Taylor is eligible for $10,000 in loan forgiveness. The borrowers claim the education secretary improperly promulgated the plan without the notice-and-comment process, depriving them of the opportunity to c...
The biggest benefit of student loan forbearance or deferment is that you get a break when you need it most. In the case of COVID student loan relief, you're given a grace period where you won't have to pay interest. If you have some type of loan forgiveness, such aspublic service lo...
During the 2020 presidential campaign, then-candidate Joe Biden pledged a student loan forgiveness plan. Biden's proposal came as Congress approved and Donald Trump signed the CARES Act, which paused payments and interest for borrowers in the midst of the CO...
As the White House’s student loan forgiveness program faces ongoing legal battles, refund checks are being sent to borrowers who made student loan payments during the COVID-19 pandemic. The checks come after the CARES Act paused payments for federal student loan borrowers during the COVID-19 ...
PPP Loan Forgiveness Tools for Ensuring Compliance with Lender Obligations During ForgivenessOriginally presented: June 25, 2020Summary: In response to the COVID-19 global health crisis, U.S. Congress passed the Coronavirus Aid, Relief, and Economic Security (CARES) Act, which includ...
Inc. may seek forgiveness for its May and June electricity bills because they were paid during the covered period and also for the portion of its July electricity bill (through July 26, the end of the covered period) because it was incurred during the covered period and paid on the next ...
The Supreme Court struck down a plan that would've given $20,000 in federal student loan forgiveness to many borrowers.