Tag: CARES Act
The pause in federal student loan payments during COVID has been a golden opportunity to chop down the debt. In March 2020, Congress stopped charging interest on the loans when it suspended the monthly payments. The moratorium is slated to continue through June. The zero-interest loan means inflation actually eroded the value of the debt,…
COVID has worn Americans down emotionally. But it might be eating away at their financial reserves too – at least for some people. As the pandemic has dragged on, many people said in newly released surveys that they are more anxious about their finances and feel that their savings are wearing thin. We won’t get…
