Month: July 2020

Trump Announced Multi-Million Dollar Aid Package For U.S. Farmers

Posted on by Kylie Sammy

The United States hopes to provide support to farmers in the midst of the corona crisis with nearly 20 billion U.S. dollars. In addition, food should be distributed to those in need.

 

The United States hopes to spend 19 billion US dollars to help support farmers in the midst of the corona catastrophe. This was said by President Donald Trump during a press conference at the White House. The government also extends financial aid to small business and entrepreneurs in response to businesses affected by the COVID-19 measures.

Agriculture Secretary Sonny Perdue mentioned that $16 billion will be used directly on farms. It is said that $3 billion is used to dairy products, meat, and other food commodities from farmers which will be provided to those in need.

In view of the advancement of the corona pandemic in the United States, Trump stated that he hopes the death toll in the country will remain below 100,000. The president stressed that every death is too much, he added: “At present, we may move to about 60,000, or maybe 65,000.”

Currently, according to data from Johns Hopkins University, the number of confirmed Sars-CoV-2 infections in the United States exceeds 692,000, and more than 36,700 people have died associated with Covid-19 thus far. The U.S. has surprisingly the highest number of infections and deaths in the world.

Trump is confident that his country will effectively combat the virus spread. Crucial improvement has been shown during the past days, and the “light at the end of the tunnel” will soon be seen. Trump said: “We did it right.” It managed to save the lives of millions of American citizens.

Trump Announced Guidelines To Bring US Back To Normal

Trump presented guidelines in April that will restore the United States to normal in three phases and slowly reopen the overall economy. Accordingly, starting from May, a moderate easing policy should be implemented first. Gatherings exceeding ten people need to be refrained. One example is, dining places, movie theaters and worship places could only operate if there is assurance of social distancing among visitors.

Vice President Mike Pence quoted experts saying that the United States has enough tests to meet the guidelines for the first phase.

Some states have answered to Trump’s plan and said that they wanted, to some extent, rest the current corona precautions. Governor Greg Abbott also added that shops in Texas will reopen soon. Governor Ron DeSantis of Florida opened stores to the communities, parks and beaches, as long as they can provide the required safety measures.

Trump has earlier expressed solidarity with anti-lock protesters on Twitter. Trump wrote on Twitter: “Free Michigan!” and “Free Minnesota!”-Governors Whitmer and Walz, both Democrats, have taken strict protective measures.

Final thoughts

At this time, COVID-19 proves to have a huge effect on forex trading and financial markets. Forex brokers and financial advisors said the impact will continue for a long period but are confident that all nations will be able to surpass this event and will be on the road to economic recovery.

Looking for good Forex brokers? Compare Forex brokers at wecomparebrokers to help you place your investments at the right place.

Requesting for Additional Financial Aid as a Result of Covid-19

Posted on by Nathaniel Harrietta

Checking your lån på minuttet is important to ensure that you would not go beyond your budget. While you can get financial aid, you must know that you are responsible for your spending and how to prolong it. And among college students, getting approval for financial aid is extremely important. In fact, according to National Center for Education Statistics, there are about 85 percent of first-time undergraduate students who are seeking a certificate or degree was awarded financial aid throughout the school year 2016-2017.

The question is, how much of the financial aid you are qualified? Basically, this largely depends on the financial state of your family. If your situation drastically changed as a result of the financial crises because of Covid-19, then you might wonder how that is going to impact your ability to become qualified for grants, student loans, work-study and scholarships.

It doesn’t matter whether you have filed for Free Application for Federal Student Aid or College Scholarship Service profile or not, here are few pieces of advice that you may want to consider to get higher approval rate in securing financial aid for school year 2020-2021.

What if You’ve Filled Out for a Financial Aid?

FAFSA helps financial aid office of different schools in determining how much federal aid is needed in form of:

·         Grants

·         Work-study and;

·         Student loans

If you are looking forward for non-federal financial aid, then the CSS is the ideal option. This is used by over 400 scholarship programs and colleges to extend its reach and help.

How much financial aid you are qualified for depends on your EFC or the Expected Family Contribution, which is again, calculated by FAFSA. If that has dramatically changed since you filled out the application because of Covid-19, then you might ask how you can increase your financial aid for the next school year?

The good thing is that, there are several options you have in informing your school regarding big shift that happened into your life like losing wages because of illness or death, your parent or you personally was laid off or furloughed.

Requesting to Increase Financial Aid for Current School Year

In the event that you need additional assistance, you could take some options like the following:

Request for an emergency federal aid – the CARES Act or Coronavirus Aid Relief and Economic Security is providing over 6 billion dollars to universities and colleges which empowers them to give emergency cash grants to students whose finances and lives were disrupted by the pandemic.

Inquire to keep work-study income – if you are a recipient of work-study program, then you might not be able to work during your scheduled hours due to the interruptions brought by Covid-19. On the other hand, your school may still have the option of finding alternatives to let you work on your scheduled hours or just pay you for the hours you would normally work.