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Starting in March 2020, the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) provided Economic Impact Payments of up to $1,200 per adult for eligible individuals and $500 per qualifying child under age 17.
The Biden-Harris Administration announced the approval of about $4.5 billion in additional student loan relief for over 60,000 borrowers who work in public service. Total loan forgiveness approved by Administration is now over $175B for 4.8M Americans.
Learn how to apply for government programs for living expenses including food stamps (SNAP), welfare (TANF), rent assistance, Lifeline, LIHEAP, and more.
OCA focuses on efficiently establishing and administering Treasury’s programs to support an equitable and swift recovery from economic challenges. Visit OCA Internal Revenue Service (IRS) Programs
The Biden-Harris Administration today is announcing that it will automatically discharge $1.2 billion in loans for nearly 153,000 borrowers who are eligible for the shortened time to forgiveness benefit under President Biden’s Saving on a Valuable Education (SAVE) Plan.
The plans announced by President Biden are the next step in a regulatory process that began last summer to provide debt relief to as many borrowers as possible as quickly as possible under the Higher Education Act. The proposals would permit the following types of waivers: Waiving accrued and capitalized interest for millions of borrowers
5 Government debt relief programs. 1. Homeowners Assistance Fund (HAF) The Homeowner Assistance Fund (HAF) was established under the American Rescue Plan Act of 2021 in response to the financial hardships American homeowners faced due to the COVID-19 pandemic. It’s a $9 billion federal program that was created to:
These plans would fully eliminate accrued interest for 23 million borrowers, cancel the full amount of student debt for over 4 million borrowers, and provide more than 10 million borrowers with...
SBA offers debt relief to existing SBA loan borrowers whose businesses have been impacted by COVID-19. Content. 7 (a), 504, and microloans. Initial debt relief assistance.
The SAVE plan will cut many borrowers’ monthly payments to zero, will save other borrowers around $1,000 per year, will prevent balances from growing because of unpaid interest, and will get...