Second Stimulus Package For College Students

Media coverage of the coronavirus aid package has correctly described why most college students can t collect stimulus checks.

Second stimulus package for college students. The bill awards 500 per dependent child to qualified taxpayers. College students who were eligible averaged about 600 each from this act. Total cost of stimulus package.

Eligible college students who didn t file a 2019 tax return might not get a second stimulus check since the irs won t have the information it requires to cut a check. A new tax season means many college students or young adults not yet covering all their own expenses could get a total of 1 800 in stimulus relief. But don t worry too much.

Congress has reached a deal on a 900 billion coronavirus relief package which was set to include a second round of stimulus checks this could mean a pretty big pay day for the country s students. While helpful this was over six months ago and the pandemic is still raging. The stimulus package released in full monday has 82 billion for schools including 22 7 billion earmarked for colleges and universities and 54 3 billion for elementary and secondary education.

Congress finally started discussing a second stimulus package with several members advocating for the inclusion of dependent college students. Billions of dollars in stimulus set aside for america s college students impacted by the coronavirus shutdown remains largely untapped. A second round of stimulus checks may soon land in the bank accounts of millions of americans after president donald trump signed a 900 billion economic relief package on december 27.

As much as 7 billion was earmarked specifically for.