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Covid-19 Continues to Affect Families and Businesses in the US. Do You Need Financial Aid?

Despite having other areas back to normal in the US, the COVID-19 pandemic still affects the entire nation and it may be difficult to know the aid you can get right now.

The federal government can still provide help, similar to your state, local, or tribal government. Some benefits may require you to apply while the others are automatic. 

Benefits Available Automatically:

  • Child Tax Credit. Depending on if you have children, you may receive aid through the Child Tax Credit from the IRS. To check if you are eligible and to know how to disable advanced payments, you may check with the IRS for more information.  
  • Student Loans. The payments for the qualified federal student loans have been on hold until January 31, 2022. You can still settle your principal payments or interest before March 13, 2022. When the hold on this benefit is released, qualified loans will have a 0% interest rate.  
  • Free Credit Reports. You can get free weekly credit reports until April 2022. All you have to do is go to annualcreditreport.com.

Recommended Read: How Can You Increase Your Social Security Benefits?

Benefits Requiring Application:

  • Housing. If you’re struggling to pay your rent or you lost rental income on your property, you can seek assistance from the local legal aid provider. Homeowners who are having a hard time paying their mortgage can also apply for mortgage reliefs
  • Jobs. If you are unemployed and currently job hunting, you may qualify for unemployment insurance through your state unemployment benefits agency.
  • Food. Your state’s SNAP or WIC office may offer aid if you need food assistance.  You may also contact call 1-866-3-HUNGRY or 1-877-8-HAMBRE (in Spanish).
  • Funerals. Funeral assistance may be available for families who lost loved ones due to COVID-19 and spent for the funeral expenses. To check if you are qualified, contact 844-684-6333. 
  • Internet. If you are finding it difficult to pay your internet dues during the pandemic, some families may qualify for internet service discounts
  • Small Business or Non-Profit. If the pandemic has affected your small businesses or non-profit organization, you can ease the financial burden by applying for loans such as the Economic Injury Disaster Loan and the Small Business Administration Debt Relief Program

If you receive a random call telling you you are qualified for some aid yet ask for personal and financial information, beware because that is guaranteed to be a scam.

The government will never ask you for money for you to receive financial aid due to COVID. If a scammer gets in touch, report the incident immediately to ReportFraud.ftc.gov or to your state attorney general’s office

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