Stimulus Relief Legislation For Student Loans

Third stimulus relief bill. There s no guarantee that congress will cancel student loans in the new stimulus package or through standalone legislation. Following his inauguration ceremony new us president joe biden was quickly back at work and millions of students.

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Student loan relief was not extended in the 2 3 trillion coronavirus relief and government spending.

Stimulus relief legislation for student loans. Your employer can make tax free student loan payments on a qualified education loan up to a maximum of 5 250 for each employee. The provision will expire in five years although experts say. Biden and several members of congress want to cancel student loan debt.

Will there be student loan forgiveness. Two weeks ago a new stimulus package proposal would have extended student loan relief through april 30 2021. Updated dec 28 2020 at 6 56am getty student loan payments are set to resume in february 2021.

Other democrats have proposed pausing federal student loan payments until at least. The latest stimulus package allows employers to make tax free contributions of up to 5 250 a year to their employees education debt. This includes both federal student loans and private student loans.