What the CARES Act means for student loan benefits

Published Updated 5 Min Read

The coronavirus pandemic has wreaked havoc on employees globally, forcing many to work from home and many others out of work entirely. Over 3 million people have filed for unemployment in the U.S. since the beginning of March, leaving incomes unstable as bills, loans and other expenses loom.

As a result of the pandemic’s impact, on Friday the president signed the CARES Act, a $2 trillion stimulus bill to bring Americans some relief. For the 44.7 million people dealing with student loan debt, the bill provides some welcome assistance.

Amanda Schiavo
Associate Editor

Amanda Schiavo is an associate editor of Employee Benefit News. Follow her on Twitter at @SchiavoAmanda.


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