Understanding Other Provisions in the CARES Act

The Coronavirus Aid, Relief, and Economic Security (CARES) Act includes several expanded areas of federal benefits outside of student loans. We’ve compiled a list of helpful resources for understanding and navigating these changes for your situation.

General Help

• The Consumer Financial Protection Bureau’s Guide to “Protecting your finances during the Coronavirus Pandemic”
• Coronavirus.gov, a broad set of resources compiled by the White House, the Centers for Disease Control (CDC), and the Federal Emergency Management Agency (FEMA)
• For those who like to get into the details, the final text of the CARES Act

Stimulus Checks

• The IRS’ guide to eligibility, and when and how stimulus funds will be distributed
• A helpful calculator from the Washington Post to determine the amount you’ll receive

Small Business Loans

• The U.S. Small Business Administration’s guide to Coronavirus Relief Options, including information on loans and the Paycheck Protection Program
• The Consumer Financial Protection Bureaus’ round up of resources for small businesses

Unemployment Benefits

• The Department of Labor’s overview of unemployment insurance, including new changes and expanded benefits
• An unemployment benefits finder by CareerOneStop, sponsored by the Department of Education

Tax Deadline Extension

• The IRS deadline for filing your taxes has been extended to July 15th.
• If you’re eligible, you can file your taxes for free through the IRS.