Stimulus Relief Package For Student Loans

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Stimulus relief package for student loans. Getty student loan payments are set to resume in february 2021. The latest stimulus package allows employers to make tax free contributions of up to 5 250 a year to their employees education debt. 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. It s likely that 2 000 stimulus checks as well as state and local aid will be included. Student loan relief was not extended in the 2 3 trillion coronavirus relief and government spending package signed by president.

600 stimulus checks for people who made. First the stimulus package includes some relief for student loan borrowers even if it s less than what many had hoped. Congress and president elect joe biden could release a new stimulus package as early as this week.

Two weeks ago a new stimulus package proposal would have extended student loan relief through april 30 2021. 31 leaving many borrowers wondering if more help is on the way. In the new stimulus package congress extended this student loan relief for five years through december 31 2025.

Despite the stimulus deal s shortcomings on student loan relief the bill will nevertheless contain other important provisions including the following.