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Here s what you need to know.
Stimulus student loan news. Joe biden plans to continue the pause on federal student loan payments and accumulating interest but ask congress to pass student loan forgiveness. The idea of 2 000 stimulus checks is potentially bad news for student loan forgiveness. Biden could still extend student loan relief.
The 600 per person payments are part of the stimulus bill. Now the stimulus will last through the first days of joe biden s presidency. Two weeks ago a new stimulus package proposal would have extended student loan relief.
House democrats had previously passed stimulus legislation in may providing for an extension of the current moratorium on student loan payments to september 2021 as well as 10 000 in student. President elect joe biden photo by mario tama getty images getty images. Through january 31 2021 student loan borrowers can still pay their federal student loans if they choose.
Biden could still extend student loan relief. Despite the bad news for student loan borrowers president elect biden could still further extend the moratorium on student loan payments interest. Senior officials of the incoming biden administration say.
Payments are now set to resume in february. The new stimulus bill signed by president donald trump on sunday did not extend student loan relief. Administration officials say the president elect still supports the move.
Covid 19 student loan relief was set to expire at year s end.
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