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.

Happy 4th of July!
Mortgage Rates Hit Historic Lows

Search Blogs Module

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