Cares Stimulus For College Students

Department of education but should contact their institutions for further information and guidance.

Cares stimulus for college students. More than 40 of undergraduate students are 24 years old or older. 908 billion stimulus bill vs. The last infusion of stimulus funding from the cares act in march kept many schools running and supported students in the spring.

The second stimulus checks would be phased out entirely for single people earning over 87 000 or married couples earning more than 174 000 compared with the cares act s phaseout for single. And this group will qualify again. While most people received their money automatically many college students may not have.

Students who are 24 and older will receive the 1 200 one time stimulus check if their income is 75 000 or less. 18004 a 1 all title iv participating schools note. 2020 cares act march 2020 revised heroes act oct.

Instead the law considers age and taxpayer status. The cares act provided for payments of up to 1 200 per adult and 500 per child dependent. College students 24 and under are not eligible.

Grants gov funding opportunity number. People who weren t required to file a federal income tax return in 2018 or 2019 may still be eligible to receive the first stimulus check under the cares act. To be clear the cares act does not stipulate that an individual be an enrolled college student in order to qualify for that first stimulus check.

College students can still claim the 1 200 stimulus checks from the cares act in addition to the new 600 stimulus checks if. There is also aid through the cares act. However when the 2021 tax season opens many young adults could qualify for a combined 1 800 1 200 from the cares act and 600 from the second round of economic impact payments.