Stimulus Package Update And Student Loans

It s likely that 2 000 stimulus checks as well as state and local aid will be included.

Stimulus package update and student loans. 31 leaving many borrowers wondering if more help is on the way. Despite the stimulus deal s shortcomings on student loan relief the bill will nevertheless contain other important provisions including the following. The provision will expire in five years although experts say.

Lawmakers may have reached a bipartisan breakthrough on a 900 billion stimulus relief package but what does the new bill mean for student loan borrowers. Tucked inside the new stimulus plan which is a. Under the cares act the 2 2 trillion stimulus package that congress passed in march there is a tax incentive for employers to help their employees with student loan repayment.

The latest stimulus package allows employers to make tax free contributions of up to 5 250 a year to their employees education debt. While student loans were dropped from the most recent stimulus package it s possible that congress may. The current freeze on federal student loan payments is currently set to expire on jan.

Two weeks ago a new stimulus package proposal would have extended student loan relief through april 30 2021. 600 stimulus checks for people who made. House democrats proposed a new 2 2 trillion stimulus package that includes 1 200 second stimulus checks and 600 weekly unemployment benefits.