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Welcome to the nerd wallet smart money podcast where we answer your money questions in 15 minutes or less.

I'm your host, Sean Piles. And I'm your other host, Liz Weston. As always, be sure to send us your money questions.

Call or text us at 901-730-6373. That's 901-730 Nerd. Or email us at podcast at nerdwollet.com.

In the past few episodes, we've been addressing various aspects of how the coronavirus is changing the way we manage our finances.

We swear that we'll get back to non-coronavirus questions soon, but we had one come in last week that we couldn't pass up.

The question is from Heather in Maryland, who asks, can you explain the provisions in the federal

legislation as they relate to student loans? Do borrowers have to take action to receive these

benefits, or are they automatic? Heather's talking about the $2 trillion economic stimulus package that Congress passed

in late March. That was in response to the coronavirus pandemic. It was called the CARES Act,

and it included the $1,200 checks for most Americans, as well as a ton of other help.

Yeah, this is the single largest rescue package in American history. We're living in historic times, and this act is

a reflection of that. But to Heather's question, there are a lot of different parts to this bill,

and navigating it can be really confusing. To talk us through how people with student loans can take

advantage of this legislation, we're talking with student loan nerd Ryan Lane. Let's get to it. Hey, Ryan,

thanks for coming on the show. I hope you have your wonk hat on today because we have a question

about the ins and outs of a $2 trillion piece of legislation for you. Specifically, our listener,

...