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Federal Loan Extension Benefits For Coronavirus Victims


The President recently announced an extension of the federal loan extension program for those affected by the coronavirus. The benefits of this extension will continue through Aug. 31, 2022, and are intended to provide "fresh starts" for all borrowers whose loans have been paused due to disasters. These fresh starts will erase the impact of delinquency or default, allowing borrowers to enter repayment with clean financial records.

The Disaster Set-Aside Program provides financial assistance to producers whose crops are damaged enough to make regular payments due to disasters. Assistance is available to producers in counties declared an emergency by the President, Secretary, or FSA Administrator.

Other federal programs include the Emergency Conservation Program, which helps farmers and ranchers restore damaged crops after natural disasters and put in place water conservation techniques during periods of extreme drought.

Finally, the Emergency Forest Restoration Program works to restore health to private forests that were devastated by natural disasters.





How to Claim Disaster Relief Credit Benefits For Low Income Tax Refunds...

If you're trying to get your tax refund, claiming disaster relief credit benefits is one way to go. The program was originally introduced in 2017 in response to wildfires and hurricanes, but has now be...

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Disaster Relief Logistics...

Historically, disaster relief logistics have followed the same basic model: the emergency team assesses the available supplies, procures what is needed, consolidates, packs, and ships the supplies to the disaster area. During the disaster recovery...

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The Federal Government Directs Extensive Relief Benefits, but with Room to Improve...

In the face of a disaster, the federal government works with states and local areas in directing relief efforts. On many occasions, states, territories, and Native tribes are responsib...

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Disaster Relief Charity Warns of Imminent Danger...

ShelterBox is a global charity that seeks to give people safe shelter when they have been hit with natural disasters. Just last month, throughout all of April, historic rains hit South Africa and displaced more than 40,000...

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