The Money Coach
  • About
    • Meet Lynnette
    • Media Kit
  • Get Help
    • Money Coach University™
    • Books
    • Financial Coaching
    • Speaking
    • The Money Coach Recommends™
  • Contact
  • Building Wealth
  • Investing
  • Credit Scores
  • Student Loans
  • Paying for College
  • Saving Money
  • Real Estate
  • Credit Card Debt
No Result
View All Result
The Money Coach
  • About
    • Meet Lynnette
    • Media Kit
  • Get Help
    • Money Coach University™
    • Books
    • Financial Coaching
    • Speaking
    • The Money Coach Recommends™
  • Contact
No Result
View All Result
The Money Coach
No Result
View All Result

COVID 19: A Good News Surprise in the Coronavirus Economic Relief Bill – VIDEO

Lynnette Khalfani-Cox, The Money Coach by Lynnette Khalfani-Cox, The Money Coach
in Covid-19 Video, Student Loans
Reading Time: 2 mins read
Economic Relief Bill
13
SHARES
211
VIEWS
Share on FacebookShare on Twitter

Lynnette dives deep into the CARES Act and shares a pleasant surprise in the economic relief bill.

Transcript

Lynnette Khalfani Cox: Hi, there. It’s Lynnette Khalfani Cox, the money coach. I’m here with some good news about something you might not have heard about in the economic relief measures recently passed by Congress, including the CARES Act.

Did you know that the Feds have given some financial relief to millions of people who owed federal debts but couldn’t afford them? That’s right.

If you owed, say, the IRS, and you were in collections, maybe for a bill that you owed from 2018, 2017, 2016, sometime back in the past, and you had not been able to pay off that debt, right now, you don’t have to make any payments on that obligation.

No principal payments, no interest, no collections account, no extra fees being added to your balances. That’s really good news. Ditto for those of you who might have had federal student loan debt that went into default status.

Right now, they’ve put all that on hold. They’re not charging you any extra penalties or payments. Not again for your interest charges, not extra fees that get tacked on there. This, again, is good news for those of you who have been struggling with federal student loans.

As a matter of fact, they are even refunding money $1.8 billion in federal student loans funds that had been paid out by people who went into default status. That’s those of you who recently went into default as of March 13th, when President Trump declared the coronavirus a national disaster.

Again, this is a bit of good news for those of you who had been having financial troubles, even before coronavirus hit.

Tags: back taxeseconomic relief bill
Previous Post

10 New Budget Items to Add Due to COVID-19

Next Post

COVID-19: Getting SNAP Food Benefits While You’re Unemployed

Related Articles

CARES Act: Student Loan Relief
Covid-19

Get Your Employer to Pay $5,250 of Your Student Loans in 2020: FAQs About the CARES Act

by Lynnette Khalfani-Cox, The Money Coach
Lynnette Khalfani-Cox
Covid-19 Video

COVID-19: Managing Your Finances in the Era of Coronavirus – VIDEO SERIES

by Lynnette Khalfani-Cox, The Money Coach
COVID-19 Private Student Loans
Covid-19 Video

COVID-19: Getting Relief From Your Private Student Loans – VIDEO

by Lynnette Khalfani-Cox, The Money Coach
SNAP Benefits
Covid-19 Video

COVID-19: Getting SNAP Food Benefits While You’re Unemployed

by Lynnette Khalfani-Cox, The Money Coach
unemployment benefits COVID-19
Covid-19 Video

COVID-19: Who Qualifies for Unemployment Benefits Under the CARES Act VIDEO

by Lynnette Khalfani-Cox, The Money Coach
credit rating covid-19
Covid-19 Video

How to Protect Your Credit Rating During COVID-19 VIDEO

by Lynnette Khalfani-Cox, The Money Coach
Saving - Lynnette Khalfani-Cox
Budgeting

COVID-19: Why Saving Should Be Your Top Priority

by Lynnette Khalfani-Cox, The Money Coach
student loan relief covid-19
Covid-19

Are You Eligible for Student Loan Relief Under The CARES Act?

by Lynnette Khalfani-Cox, The Money Coach
410(K) Cares Act
Covid-19

Covid 19: New 401k Rules Under the CARES Act

by Lynnette Khalfani-Cox, The Money Coach
Next Post
SNAP Benefits

COVID-19: Getting SNAP Food Benefits While You're Unemployed

About

Lynnette Khalfani-Cox, The Money Coach®, is a personal finance expert, speaker, and author of 15 money-management books, including the New York Times bestseller Zero Debt: The Ultimate Guide to Financial Freedom.

Lynnette has been seen on more than 1,000 TV segments nationwide, including television appearances on Oprah, Dr. Phil, The Dr. Oz Show, The Steve Harvey Show, Good Morning America, The TODAY Show and many more.

Quick Links

  • Money Coach University
  • Lynnette's Personal Site
  • The Money Coach Corporate Site
  • Video Portfolio
  • Privacy Policy

All information on this blog is for educational purposes only. Lynnette Khalfani-Cox, The Money Coach, is not a certified financial planner, registered investment adviser, or attorney. If you need specialty financial, investment or legal advice, please consult the appropriate professional. Advertising Disclosure: This site may accept advertising, affiliate payments or other forms of compensation from companies mentioned in articles. This compensation may impact how and where products and companies appear on this site. AskTheMoneyCoach™ and Lynnette Khalfani-Cox, The Money Coach® are trademarks of TheMoneyCoach.net, LLC.

©2009-2022 TheMoneyCoach.net, LLC. All Rights Reserved.

No Result
View All Result
  • Meet Lynnette
  • Money Coach University™
  • Books
  • Financial Coaching
  • Speaking
  • The Money Coach Recommends™
  • Media Kit
  • Contact

©2009-2021 TheMoneyCoach.net, LLC. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist