Comment on ‘I Feel Like I’ve Gotten Trapped in This Loan.’ Here’s Why the COVID-19 Stimulus Package Only Helps Some Borrowers

‘I Feel Like I’ve Gotten Trapped in This Loan.’ Here’s Why the COVID-19 Stimulus Package Only Helps Some Borrowers

Millions of people with student loans breathed sighs of relief when the stimulus bill known as the CARES Act was signed into law. It suspended both monthly payments and interest accrual on most student loans held by the federal government through September 30, 2020. But for millions of people whose student loans are from private lenders such as Wells Fargo, Sallie Mae, or SoFi, the package, which is intended to alleviate financial pressures caused by the coronavirus pandemic, brings no relief.

 

Comment On This Story

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More News