Stimulus Package Student Loan Extension

Trump on december 27 signed the highly. This employer student loan relief was slated to expire on december 31 2020. Further reading ayanna pressley.

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Biden should cancel.

Stimulus package student loan extension. Text of the stimulus bill released on monday confirms that it does not include an extension of student loan relief. Student loan payments are currently scheduled to resume at the end. Student loan forgiveness is also in question.

An extension of the grace period was included in early drafts of december s stimulus package but was cut in final negotiations. However congress has now extended this student loan relief through december 31 2025 in the new stimulus bill. House democrats had previously passed stimulus legislation in may providing for 10 000 in student loan forgiveness for economically distressed borrowers.

As part of the legislative package passed monday congress extended a provision that allows employers to treat up to 5 250 per employee in student loan payments the same way they would wages. Administration officials say the president elect still supports the move. The current moratorium on student loan payments interest and collections was first enacted in march 2020 and after being extended twice by the trump administration it is scheduled to expire on.

Biden s stimulus plan doesn t mention student loan forgiveness. Student loan relief was not extended in the 2 3 trillion coronavirus relief and government spending package signed by president donald trump sunday night. Senior officials of the incoming biden administration say.

New coronavirus stimulus bill does not include student loan relief mandatory payments are set to resume in february 2021 published mon dec 21 2020 4 36 pm est abigail johnson hess abigailjhess.