Pandemic relief is ending for some. Learn where you can still find assistance if you have been impacted by the pandemic.
Millions of Americans have received financial assistance through the American Rescue Plan stimulus relief bill which included three stimulus check payments, billions of dollars to small businesses and unemployment insurance. The aid that has helped many Americans get through the pandemic is coming to an end as thousands of jobs are being added each month. The economy gained 850,000 jobs in June 2021.
If you are one of the millions of Americans who received government assistance, you may still be eligible for help. Below is a list of programs that are coming to an end and where you can continue to find assistance.
In March 2020, a moratorium was placed on student loans, but that is set to end on September 30th. Payments will resume for borrowers on that date, unless the moratorium is extended. Several legislators are working to extend the deadline. If the moratorium is lifted, and you need help with student loan payments, you may be eligible for alternative repayment options that are based on your current income. This only applies if you have federal student aid. There are four different types of income-driven repayment plans:
- Revised Pay As You Earn Repayment Plan (REPAYE)
- Pay As You Earn Repayment Plan (PAYE)
- Income-Based Repayment Plan (IBR)
- Income-Contingent Repayment Plan (ICR Plan)
If you experienced unemployment during the pandemic, you may be eligible for government-sponsored health insurance premiums. There are also programs to provide COBRA payments until September 2021. A special enrollment period through August 15th for the federal marketplace has also been made available. You can learn more about healthcare programs at HealthCare.gov.
The Centers for Disease Control and Prevention imposed a nationwide eviction moratorium to help those impacted by the pandemic remain in their homes. That moratorium was extended to July 31st. Recently, to temporarily halt evictions in counties where COVID-19 is spreading rapidly, the Centers for Disease Control and Prevention (CDC) issued a new order on August 3, 2021. Learn more about the eviction moratorium here.
If you need help with rent, there are Emergency Rental Assistance programs created by the Treasury Department. On the rental assistance website, you can search programs in your area. Eligibility varies from program to program, but you will generally need to meet income qualifications, received unemployment benefits, experienced a reduction in income, incurred significant costs or experienced financial hardship due to COVID-19.
Pandemic-specific unemployment benefits will expire September 6th. Some states have chosen to opt out of federal unemployment insurance early, because they felt that employment vacancies were due to the additional unemployment benefits. Each state’s department of labor has different unemployment benefits. Check with your state’s department of labor to learn more about what will still be available.
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