A New Stimulus Benefit Can Help Pay for Your Internet and a New Laptop

You’ll be eligible for the internet stimulus as long as your household meets one of the following criteria:

• Your income is at or below 135% of the federal poverty line for your family size, or you receive assistance through programs including SNAP (formerly called "food stamps") or Medicaid.
• You were approved to receive benefits under the free and reduced-price school breakfast or lunch program during the last or current school year.
• You experienced a substantial loss of income due to losing your job or being furloughed since Feb. 29, 2020 and your household income last year was at or below $99,000 for single filers and $198,000 for joint filers.
• You meet the eligibility criteria for a participating provider’s existing low-income or COVID programs.

Each household is entitled to just one monthly service and one device discount, even if you have multiple eligible members in your home.

The FCC will continue to provide eligible households with the monthly credit until the $3.2 billion allocated for the program runs out, or six months after the Department of Health and Human Services declares an end to the COVID crisis — whichever comes sooner.

How to apply

You can apply one of three ways:

• Fill in the online form. As of May 12, an online application will be available in both English and Spanish at GetEmergencyBroadband.org.
• Mail in an application. If you’d rather send in your application, you can download the forms in either English, Spanish or eight other languages from the FCC site and mail it, along with your proof of eligibility, to the emergency broadband support center in Kentucky.
• Contact your broadband provider. You can check the FCC's website to see whether your provider is one of the participating companies. Or you can call up your provider’s customer service line to confirm or get assistance filling out your application.

What if you need more cash right now?

Though $50 a month is nothing to sniff at, you have a few other options if your bank account needs more stimulus right now..

• Cut down your debt payments. Credit cards can help in emergencies, but their high interest rates will cost a ton in the long run. If you've been relying heavily on plastic to get you through the pandemic, try to reduce your monthly payments and get out of debt sooner by rolling all of your balances into a lower-interest debt consolidation loan.

• Make saving your policy. When was the last time you looked around for a better price on your auto insurance? If it’s been a while, it may be costing you more than $1,000 extra every year. Shop around to be certain you’re paying the best possible rate. And while you’re at it, use the same technique to save hundreds on homeowners insurance.

• Get a better rate with a refi. If you’re a homeowner and you haven't refinanced your loan in the last year, you could be missing out on incredible savings. Across the country, 13 million homeowners could save an average $283 a month through a refi, according to mortgage data and technology provider Black Knight.

• Turn your pennies into profits. You don’t need to be rich, know all the lingo or pay massive brokerage fees to make some money in the record-breaking stock market. Using a popular app, you can grow a portfolio just by Investing "spare change" from everyday purchases.