Payments on federal student loans held by the Department of Education have been deferred until December 31, 2020. The memorandum also includes federal borrowers not having to pay interest during the extended deferment period.
by CapWayOver half of Americans live paycheck-to-paycheck, and additional financial stress has been added since the worldwide spread of the coronavirus. More than 40 million Americans are unemployed and having to file for unemployment benefits.
by CapWayThe COVID-19 pandemic shed light on how dire many Americans' financial state is, and having money in your savings account can help you to feel financially at ease.
by Nailah HerbertThe CARES Act provides financial support to those who have been laid off due to the coronavirus outbreak. The CARES Act includes three different unemployment compensations strategies which are the Federal Pandemic Unemployment Compensation, the Pandemic Unemployment Compensation, and the Pandemic Unemployment Assistance.
by Nailah HerbertSince the coronavirus outbreak, there have been a total of 26 million Americans who have filed for unemployment.
by Nailah HerbertThe three major credit bureaus Equifax, Experian, and TransUnion, are now offering free credit report checks every week until April 2021.
by Nailah HerbertSixty ($60) billion has been set aside for Community Banks and Smaller Credit Unions with the goal of funneling more money to small, rural, and minority-owned businesses.
by CapWayThe Internal Revenue Service (IRS) has started sending out COVID-19 stimulus checks, also known as the Economic Impact Payment, via direct deposit to millions of Americans. You can now use the IRS portal to "Get My Payment" status.
by CapWayThe federal government passed a $2 trillion stimulus bill to help lift any financial burden off of Americans.
by Nailah HerbertLet's explore how the payment relief options will affect you long after the pandemic is over. Your financial future depends on making sound decisions now so that you know what to expect later. There are four scenarios that you could encounter after agreeing with your lender to modify your payment schedule.
by Jala EatonThe spread of COVID-19 in the United States has put millions of people out of work and has more than 17 million Americans filing for unemployment.
by Nailah HerbertMany people are being laid off due to companies being uncertain of the economic crisis due to Covid-19 pandemic. In fact, some experts have even predicted that unemployment will reach 20 percent. These U.S. companies are currently hiring.
by CapWayThe desire to work from home has greatly increased since the start of the pandemic. While many people work their full-time job from home, it is also a great option for a side hustle. Here are six ways you can boost your income while working from home.
by Nailah HerbertWe cover the top 10 cities where the average salary won't cover your living expenses.
by CapWaySince the passing of the Queen of Soul, stories have started to come out about how Aretha Franklin only accepted her fee to perform in cash.
by CapWay