Congress recently passed the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), which provides an array of monetary assistance. The consequences of job and income loss can feel infinite, impacting many aspects of daily life, including student loan payments.
How exactly does the CARES Act impact your student loans, and what’s the best way to proceed? Our video explains how you can automatically take advantage of a six-month relief in federal student loan payments, as well as how to navigate loan forgiveness, specifically Public Service Loan Forgiveness. Dan Routh, CFP®, financial advisor at Old Peak, helps you understand how the CARES Act impacts your student loans:
To learn more about federal student loan relief and how to manage your payments, feel free to contact us. We’re happy to offer you guidance on your specific situation with student loans, loan relief, and loan forgiveness.
A transcript of this audio can be found here.