Coronavirus

College Students Sue Their Universities for Tuition Refunds After Schools Went to Online Instruction Due to the Coronavirus Pandemic

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Justice Legal

By Richard Fossey & Todd A. DeMitchell As Inside Higher Education reported last spring, college students in several states sued their universities for tuition refunds after the schools switched from face-to-face instruction to an online format in response to the COVID-19 pandemic. Dozens of cases have been filed all over the United States against both … Read more

FTC Attempts to Disinfect Us From Unknown Scammers

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surprised shocked

The case filed yesterday by the Federal trade commission (FTC) caught my eye because you don’t often see a case filed against “one or more unknown parties deceiving consumers.” It appears the FTC just got fed up with a scammer claiming to sell products from Lysol and Clorox in this moment of Covid. Whoever the … Read more

Did Colleges Engage in a Bait-and-Switch Scam to Maximize Revenues During the Coronavirus Pandemic?

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According to a recent article in the Washington Examiner, American universities lured students back to campus this fall by deceptively promising to offer at least some in-person instruction. Then–after the students showed up and paid their tuition and fees–the colleges changed their policies and offered most or all of their classes in an online format. … Read more

Nearly 1 Out of 10 Parents Not Worried At All About Their Kids Returning to School Petri Dish

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A Debt.com survey on the emotional and financial impact of children returning to classrooms shows that parents are worried about their children getting sick, but they are also fearful about their financial situation. But not all of them. Other findings: Almost 65 percent of students will have a parent remaining at home with them. Fifty-four … Read more

One Day Closer to a Terrible Financial Disaster and I’m Scared

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Back on March 11th, I wrote The Coronavirus Might Just Kill Your Finances Before It Kills Anyone You Know. Each day that passes raises my concerns the financial impact from the coronavirus is going to be very painful. As I write this, consumers are being propped up with temporary economic bandages of extended unemployment benefits … Read more

Coronavirus Evictions Coming Fast

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As tenants across Florida lost their jobs and incomes during the coronavirus pandemic, executives at Axiom Realty Partners LLC, whose portfolio includes at least nine apartment buildings throughout the Southeast, applied pressure on some tenants to either pay rent or move out. One Axiom tenant, who asked that her name not be used for fear … Read more

How to Figure Out if Bankruptcy Makes Sense Because of COVID

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In the past few months, the United States has experienced unprecedented job losses due to the Covid-19 pandemic. Stay at home or closure orders have shuttered businesses, raised the unemployment rate to higher levels than seen in the 2008-2009 recession and left many wondering how they are going to pay their bills. As Bloomberg reports, … Read more

Here’s How Google Maps Can Help You Avoid COVID-19Travel

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Google has updated its maps app to now show guidelines at the top when Covid-19 may impact how someone is traveling. Directions will now include, where possible, details from train delays to border crossing restrictions in some countries. Google just rolled out these new details, and is looking to include requirements too if people must wear masks on … Read more

FTC Sends Second Round of Warning Letters to Multi-Level Marketers Regarding Coronavirus Related Health and Earnings Claims

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The Federal Trade Commission today announced it has sent six letters warning multi-level marketing companies (MLMs) to remove and address claims about their products’ ability to treat or prevent coronavirus 2019 (COVID-19) or about the earnings people who have recently lost income can make, or both. This is the second set of warning letters to … Read more

FTC Sends Letters Warning 35 More Marketers to Stop Making Unsupported Claims That Their Products and Therapies Can Effectively Prevent or Treat COVID-19

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The Federal Trade Commission announced it has sent letters warning 35 more marketers nationwide to stop making unsubstantiated claims that their products and therapies can treat or prevent COVID-19, the disease caused by the novel coronavirus. This is the sixth set of warning letters the FTC has announced as part of its ongoing efforts to … Read more

Millennials Get Financially Screwed the Most From COVID

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The COVID-19 pandemic is causing similar financial hardship for consumers around the world, but new research indicates that Millennials (those persons between the ages 26-40) are being challenged the most. A just-released TransUnion (NYSE: TRU) global report including seven regions on five continents found that three in four Millennials (76%) worldwide indicated their household incomes … Read more

I Got Laid Off, Lived on Credit, and Now Looking for the Best Way to Consolidate My Debt

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Question: Dear Steve, I was laid off for a year and tried to start a business. The same company hired me back this year and due to COVID the business was put in the back burner. I am an essential employee now. During that year due to not having a job and starting a business, … Read more

Survey: 80% of college students financially impacted by coronavirus

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aren’t spared from the effects. While many schools have sent students to live off campus or back home to their families, this doesn’t seem to have eased expenses for everyone. Likewise, job losses are adding to many students’ hardships. Student Loan Hero surveyed more than 1,000 college and university students to learn about how the … Read more

What’s the Deal With Coronavirus Stimulus Checks, and How Do I Get One?

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At the end of March, the federal government passed a $2.2 trillion bipartisan emergency coronavirus relief package, offering some of the most hard hit a much needed stopgap. The legislation includes small business loans and coronavirus stimulus checks for low- and middle-income Americans. Will I get a coronavirus stimulus emergency check? You should receive a … Read more