Stimulus Relief For Student Loans

Pay down student loans americans have a total of about 1 6 trillion outstanding in student loan debt.

Stimulus relief for student loans. Despite the stimulus deal s shortcomings on student loan relief the bill will nevertheless contain other important provisions including the following. The cares act included student loan relief and president donald trump extended that student loan relief through december 31 2020. In 2019 the average student loan borrower between the age of 25 and 34 had about 33 000 in.

That said there s no guarantee there will be another stimulus. The provision will expire in five years although experts say. Lawmakers may have reached a bipartisan breakthrough on a 900 billion stimulus relief package but what does the new bill mean for student loan borrowers.

31 leaving many borrowers wondering if more help is on the way. House democrats had previously passed stimulus legislation in may providing for 10 000 in student loan forgiveness for economically distressed. The latest stimulus package allows employers to make tax free contributions of up to 5 250 a year to their employees education debt.

The focus on other economic priorities ranging from. Student loan forgiveness is also in question. It s likely that 2 000 stimulus checks as well as state and local aid will be included.

First the stimulus package includes some relief for student loan borrowers even if it s less than what many had hoped. 600 stimulus checks for people who made. Two weeks ago a new stimulus package proposal would have extended student loan relief through april 30 2021.

While student loans were dropped from the most recent stimulus package it s possible that congress may.