Stimulus Negotiations Student Loans

The white house and senate republicans released their new version of a stimulus package over the weekend to help the country recover from the coronavirus induced recession.

Stimulus negotiations student loans. President trump has offered to forgive some student loan debt as part of a new 1 8 trillion stimulus proposal to house democrats indicating how rapidly the idea of cancelling student debt has. In a recent survey by student debt crisis and savi 77 of student loan borrowers covered. Millions of americans breathed a sigh of relief monday night as congress passed a 900 billion stimulus bill that includes 600 checks and expanded.

They ll likely discuss more money for states unemployment benefits a possible stimulus check student loans and more. Nevertheless the stimulus package would provide much needed relief to millions of student loan borrowers. If you read the revised heroes act the 2 2 trillion stimulus package that the house of representatives passed you ll notice on page 1665 that the bill refers to.

If student loan relief is not included in the final text of the stimulus bill all hope is not lost. Millions of student loan borrowers are anxiously waiting for news regarding whether there will be additional or extended student loan relief as part of a second major stimulus bill. Negotiations are said to pick up after the holiday break.

As negotiations continue borrowers should be sure to pay attention. The student loan suspension is set to end next month so if payments resume borrowers need to be ready and plan ahead. Democrats have long pushed for an extension of the current pauses through september 2021 as well as student loan forgiveness and trump himself paused federal student loan payments for one more month via an executive order.