634 - 10 Things Student Loan Borrowers Should Know About Coronavirus Relief

Money Girl

Macmillan Holdings, LLC

Investing, Education, Business, Entrepreneurship, How To

4.6 • 1.8K Ratings

🗓️ 22 April 2020

⏱️ 16 minutes

🔗️ Recording | iTunes | RSS

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Summary

The CARES Act includes broad relief for hardships created by the COVID-19 pandemic, including significant benefits for those paying off student loans. Laura answers a couple of questions and reviews what the relief is, who can use it, and how it impacts the future of your student loan repayment. Read the transcript. Check out all the Quick and Dirty Tips shows. Subscribe to the newsletter for regular updates. Join the conversation on Facebook and Twitter. Through the end of April, Podchaser will donate 25 cents to Meals on Wheels for every review. Leave a review for Money Girl! Links: https://www.quickanddirtytips.com/money-finance/loans/student-loan-coronavirus-relief https://www.quickanddirtytips.com/podcasts https://www.quickanddirtytips.com/subscribe https://www.facebook.com/MoneyGirlQDT https://twitter.com/LauraAdams Podchaser #Reviews4Good: https://www.podchaser.com/podcasts/money-girls-quick-and-dirty-ti-4196

Transcript

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0:00.0	Hello my friends and welcome back to another weekly episode of the Money Girl
0:09.2	Podcast I'm Laura Adams your host and personal finance author, speaker, and consumer advocate who's been producing this show since 2008.
0:18.0	I am so grateful that you've downloaded the show and if you are someone who is paying off student loans or
0:25.6	know someone close to you who is this show is definitely for you. We're going to
0:30.9	talk about the CARES Act which we've talked about in several previous shows,
0:36.5	the Coronavirus Aid Relief and Economic Security Act.
0:40.7	It includes very broad relief for hardships created by the COVID-19 pandemic,
0:47.0	including significant benefits for Americans who are paying off student loans.
0:51.0	So in this podcast, we're going to cover what the relief is, who
0:56.1	can use it, and how it impacts the future of your student loan repayment. And I'll also
1:01.8	answer a couple of questions from Money Girl readers and
1:04.9	listeners about paying off their loans. And before we get started, I've got a quick favor
1:10.3	to ask. This will help people who are struggling due to pandemic
1:15.2	hardships. From now until April 30th, if you log into Podchaser and you leave a review for the Money Girl podcast, Podchaser will make a
1:26.8	donation to the Meals on Wheels COVID-19 Relief Fund. This is a terrific cause and a really easy way to give back, which is
1:36.6	super important to me right now. And if you're not familiar with PodChaser,
1:40.8	they're a podcast discovery platform where listeners can find and review their
1:46.2	favorite shows.
1:47.5	So if you will take a moment to leave a review after you listen to today's episode,
1:51.7	I would really appreciate it. it's an easy way to help
1:55.1	others who are struggling right now. I've received lots of questions related to
2:01.0	the coronavirus pandemic and dealing with finances.
	...

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