Student Loans In New Stimulus

It s likely that 2 000 stimulus checks as well as state and local aid will be included.

Student loans in new stimulus. While student loans were dropped from the most recent stimulus package it s possible that congress may. The latest stimulus package allows employers to make tax free contributions of up to 5 250 a year to their employees education debt. Congress dropped student loan relief from the new stimulus package which means your federal student loan payments will resume after january 31 2021 interest will start accruing and student loan.

Other democrats have proposed pausing federal student loan payments until at least. Tucked inside the new stimulus plan which is a. In the new stimulus package congress extended this student loan relief for five years through december 31 2025.

The provision will expire in five years although experts say. Despite the stimulus deal s shortcomings on student loan relief the bill will nevertheless contain other important provisions including the following. In addition to helping with your student loan repayment you can save income taxes.