Asset Planning, Inc Blog

The latest from the team.
Font size: +
1 minute reading time (177 words)

The CARES Act and HEROES Act: What They Mean For Student Loans

The CARES Act suspended interest and payments for most student loans until September 30, 2020. This means that you will not be charged any interest or have to make your payments during that time. If you are fortunate enough to be able to continue to be able to make your student loan payments, you may want to do so. Any payments that you make now will be applied directly to the principal. If you had your student loan payments set up on autopay, these have all been suspended and no payments will be processed until September 30, 2020. You will need to pay your student loan payments directly each month.

The recently passed HEROES Act extends the suspension of interest and payments until September 30, 2021. It also expands the break to all federal student loans. In addition, the HEROES Act will cancel out $10,000 of student loan debt for federal and private loans. Though the HEROES Act has passed it still needs to go through the senate for negotiations. Expect the final legislation sometime in the fall.

×
Stay Informed

When you subscribe to the blog, we will send you an e-mail when there are new updates on the site so you wouldn't miss them.

Happy 4th of July!
Mortgage Rates Hit Historic Lows

Search Blogs Module

Wait a minute, while we are rendering the calendar
Fox News story 900 number estate planning TD Ameritrade Social Security Administration 20 year anniversary February 14 opt-out offering insurance spread Independence Day Joey Gonzales cell phone service provider banking pet donation drive card reader car loans Wells Fargo customers fun atmosphere items jury duty phishing sites July 4 tax filing deadlines tax season Healthcare check lists assets markets spring cleaning retirement plans wells Fargo 2017 Equifax breach Legal robocalls Brexit vote California Lions Friends CERTIFIED FINANCIAL PLANNER exam Notary Public health care services “ skimmer ”. borrowing money October 1 2020. CARES Act National Ice Cream month trustee flash drive Charles Schwab years water … illiegal robocallers Two-Step Verification parking spots Medicare interest 2018 IRA contributions phone https :// https ://seekingalpha April 18 2017. COVID -19 virus web address prescription eyeglasses Expired medications emergency kits memorial Day weekend summer people medications pet supplies retirement accounts emergency folder D premiums Open House Flexible Spending Account April 11 account numbers insurance policy emergency kit Wells Fargo employees Auto insurance insurance policies Open Enrollment Asset Planning Mobile Banking Security Tips money student loans increase official certification credit cards donation items home emergency kit consumer spending scams Medicare question notary services information Facebook documents interest rates cell phone carriers offer partner /owner July 6 bottom line IRA accounts identity theft Part D premiums . ice cream event Economic Security payments home emergency preparedness kits family members cell phones hurricane Dorian self-help topics clients show support privacy settings media accounts home mortgages FSA stimulus package operations manager trust VOIP landline phones investment statements non-prescripstion sunglasses business hours house sitter September 8 Supplemental Security Income Victor Dergunov 2017 TD Ameritrade National LINC Conference 4 pm -8pm paper records policy 70 1/2. Ice Cream Social text messages vision screening settlement options estate clone counterfeits vacation CFP ® tax deadline Roth IRA ice cream Erin Nelsen cell phone carriers records fees pets contribution limit 401K Retirement Contribution Limits asset Planning Affordable Care Act January 10 paperwork clutter ID card Kraig Mathias Medicare plan health care costs portal executive order credit monitoring service Coronavirus Aid retirement driver license 23 andme phishing scams IRS deadline drive /usb June 29 holidays approach rescue organizations estate planning direction pet Medicare Part B premiums DNA test kits checklists email notifications Treasury Department integral member donation counts tax records coronavirus identity thieves September 30 2020. home break-ins market turmoil Orange County life saver EEChecklist-Kits.pdf stockpilingchecklist.pdf Shred paperwork phone companies stock pile birth certificates Federal Trade Commission website Amazon Kiplinger Letter toilet paper FEMA website chip-enabled EMV cards news coverage padlock tax deadlines Social Security cell phone SIM swap scam Orange County Superior Court credit freeze earthquake app blog post Medicare Advantage July 3 rd 2017 IRA contributions Facebook profile CA FTB Medicare Part B credit card fraud clients cell phone provider home disaster areas breach information Part B credit card company IRS fun facts debt privacy notices April 15 July weekend team members retirement planning September 9 president Trump home security earnings fallout Puerto Rico gap insurance app company relief efforts spam phone tax returns client portal Labor Day pet industry Financial Planning Magazine credit score