The Last About the FAFSA

 



 

✅ What's New on the 2021-2022 FAFSA

✅ The stimulus package: What's in it for you

✅ How Relief Package Impacts College Aid, Loan Payments

✅ Pandemic Relief Package Simplifies FAFSA

 

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The stimulus package: What's in it for you

 Lawmakers agreed to issue stimulus payments of $600 and distribute a federal unemployment benefit of $300 for 11 weeks — but that money will take time to start arriving. Another dose of relief is finally on the way for the millions of Americans facing financial distress because of the coronavirus pandemic. President Donald Trump on Sunday night signed an economic relief package that will provide a round of $600 stimulus payments to most Americans and partly restore the enhanced federal unemployment benefit, offering $300 for at least 10 weeks. The agreement also contains provisions related to student loans, rental assistance and medical bills. The legislation, which is 5,600 pages long, would provide welcome, albeit temporary, assistance to many. How quickly the money reaches your pocket will depend on several factors, though. Here's a closer look at what the legislative package will mean for you. Stimulus payments Q: Will I receive another stimulus payment? A: Individual adults w...
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How Relief Package Impacts College Aid, Loan Payments

Among the many changes, it extends tax-free student loan payments by employers to employees and simplifies the FAFSA form. The $900 billion economic relief package passed by Congress includes several provisions that will benefit college students, their families and student loan borrowers, but it does not extend the moratorium on federal student loan payments beyond their Jan. 31, 2021 expiration date. A six-month moratorium on federal student loan payments was included in the mega $2.3 trillion Coronavirus Aid, Relief and Economic Security Act passed in March, and extended by the White House twice,. Now it leaves the decision to extend it further to incoming President-Elect Joe Biden. The latest economic relief legislation does extend another provision in the CARES Act to help student loan borrowers that otherwise would have expired at the end of this year: the provision allowing tax-exempt payments from employers to student loan borrowers up to a maximum $5,250. Employees do not have ...
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