Stimulus Student Loans Extension

Other democrats have proposed pausing federal student loan payments until at least.

Stimulus student loans extension. The current moratorium on student loan payments interest and collections was first enacted in march 2020 and after being extended twice by the trump administration it is scheduled to expire on. Two weeks ago a new stimulus package proposal would have extended student loan relief through april 30 2021. Text of the stimulus bill released on monday confirms that it does not include an extension of student loan relief.

As part of the legislative package passed monday congress extended a provision that allows employers to treat up to 5 250 per employee in student loan payments the same way they would wages as. Getty student loan payments are set to resume in february 2021. House democrats had previously passed stimulus legislation in may providing for 10 000 in student loan forgiveness for economically distressed.

This employer student loan relief was slated to expire on december 31 2020. Student loan relief was not extended in the 2 3 trillion coronavirus relief and. A previous summary of the proposed stimulus package had.

Joe biden plans to continue the pause on federal student loan payments and accumulating interest but ask congress to pass student loan forgiveness. Further reading ayanna pressley. Then earlier this month secretary of education betsy devos extended the deadline through january.

Now federal student loan borrowers will have to pay up on february 1st. Included in the larger more popular portion of the stimulus package is an extension of existing student loan relief to april 1 2021. Student loan forgiveness is also in question.

Updated dec 28 2020 at 6 56am.