Federal student loan relief is extended through January when the “final extension of the pause on student loan repayment, interest, and collections” ends on January 31, 2022. TrustPlus Personal Finance Coach Amauris Belen discusses what he’s hearing from clients and how he’s helping them prepare.

What have you been hearing from clients about student loans?

I have clients who are seeking guidance or advice on how to manage their student loans and they’re trying to find out what their monthly payments are going to be when the pause ends at the end of January.

They also want to know the total balance of their overall student loans and whether they…


What are you hearing from clients about back to school shopping?

I’ve had a couple of clients bring up back to school shopping because it is that time of year. They told me that July and August are their hardest months because of it. They’re struggling to balance regular bills already and then also have to get supplies and clothes for their children. It can be a struggle. I’ve had a client tell me they’ve been pulling from their savings just trying to deal with the supply list.

What are you telling clients about managing back to school expenses?

It depends. Tips depend on what their situation is like for the ones that are really tight with money. It’s a matter of…


Robyn Dietz, head of talent management and human resources at Children’s Aid discusses investing in employees’ financial and mental health during the pandemic.

What is Children’s Aid?

Children’s Aid is a large nonprofit that serves New York City’s most under-resourced neighborhoods. We’ve been around for a long time, working with our children, youth and families.

We’re a multi-service organization, and we’re very unique in that way. We provide services from cradle to college and career. We have children in early childhood programs. We have school aged children. We work with young adults, really through college and beyond. We also work with youth in foster…


If you’re one of roughly 11 million U.S. adults behind on your rental payments, you’re not alone. Help is on the way.

Tuesday’s announcement by The Centers for Disease Control and Prevention to extend the federal eviction moratorium through October 3, 2021 covers roughly 90 percent of renters and will give states more time to disperse the remaining $43 billion in emergency rental relief allocated by Congress.

Below are four recommendations to navigate that help and the moratorium on your path to financial resilience.

Find Rental Assistance in Your State

Find rental assistance in your state here. Check the list to see if your city, county, Tribe, or Tribally Designated Housing Entity has a more specific program website before applying through the state. …


New data suggest PTSD is driving stress levels up, reducing resilience and cognition, among employees in the COVID era

The Mental Health Index: U.S. Worker Edition (the Index) tells us that post-traumatic stress disorder is driving up stress levels and reducing employee resilience and cognition. The risk of PTSD compared to pre-COVID-19 levels: up 56 percent.

From Human Resource Executive: “This new data suggests that employees continue to struggle with mental health challenges as a result of the COVID era and that employers must remain focused on support,” says Colleen McHugh, executive vice president of the American Health Policy Institute and strategic adviser for HR Policy Association, which are among the partners involved with the Index. …


Data from Morning Consult

The false narrative that increased unemployment insurance (UI) benefits included in the American Rescue Plan are causing a labor shortage in the U.S. took another hit with the results of a new poll from Morning Consult. The poll found that unemployment benefits directly contributed to only 13% of UI recipients rejecting a job offer during the pandemic.

Unfortunately for the millions of low-wage workers — especially workers of color who are bearing the brunt of jobs and lives lost during the pandemic, and who are relying on UI to support themselves and their families — the policy implications of this…


Part of the American Rescue Plan signed by president Biden in March, the first of six monthly Advance Child Tax Credit (CTC) payments are scheduled to start arriving in bank accounts on July 15. What opportunities could you create for your kids with up to $300 per month per child?

Most parents qualify for and will receive the payments automatically. The IRS will pay half the total credit amount via the monthly payments. Eligible parents will claim the other half when filing 2021 income tax returns.

We outline below who’s eligible for how much — there is no cap on…


If you’re reading this article, congratulations! Not only are you navigating the beautiful struggle of parenthood, but you are also investing precious free time in planning how best to move your family’s finances forward using the Child Tax Credit!

Let’s jump right in! The two main questions I’ve been hearing from my clients are “will I be receiving any money?” and “what can I do to take full advantage of this financial opportunity?”

Do I qualify, how much will I receive, and when will I receive the money?

Qualifying parents will receive up to $3,600 per child under age 6, up to $3,000 per child ages 6 to 17, and up to $500 per child…


Is a financial health benefit right for your business and employees?

Personal Finance Coach Hector Hidalgo breaks down how he helps clients reduce debt, strengthen credit, and build savings toward their goals.

What does a personal finance coach do?

We have four main pillars that we work with.

We help out with strengthening credit, if the client needs to either improve or establish credit, we can help out with that.

We also help out with reducing debt, so coming up with debt payment strategies for our clients to better their debt situation.

We also work on budgeting with our clients. We create a budget, review the budget…


What’s a personal finance coach session like?

I normally take about a minute or two to introduce myself, introduce the TrustPlus service, what it entails, some of the features that come with the service as well. And after that one or two minute introduction, we tend to dive into it. Generally clients come-in hoping to speak about budgeting, perhaps clients come in to speak about their goals that relate to savings, whether saving for a down payment on a home or even a car or clients book sessions to discuss how to improve their credit and decrease debt. …

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