Stimulus Package Loan Forgiveness

With republicans in control of the u s.

Stimulus package loan forgiveness. Ppp loan forgiveness is determined based on how the small business client spent the loan. Stimulus package doesn t include student loan forgiveness as expected the new stimulus package doesn t include any student loan forgiveness. House democrats want 10 000 of student loan forgiveness included in the next stimulus.

Biden s stimulus plan doesn t mention student loan forgiveness. In its massive new pandemic relief and stimulus package congress has significantly modified the paycheck protection program ppp to allow for second draws from the program to simplify the loan forgiveness process to provide restaurants access to greater relief and to extend the program through march 2021. The year end stimulus package included significant changes to how the ppp loan forgiveness program works.

However when house democrats passed the heroes act a 3 trillion stimulus package. The heroes act which is a stimulus bill that house democrats passed last year would have cancelled 10 000 of student loan.