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