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House democrats had previously passed stimulus legislation in may providing for 10 000 in student loan forgiveness for economically distressed.
Student loan forgiveness next stimulus package. Senior officials of the incoming biden administration say. Congress is close to finalizing a new stimulus package with second stimulus checks of 600 for each individual and child as well as 300 a week of unemployment insurance. Student loan relief was not extended in the 2 3 trillion coronavirus relief and government spending package signed by president donald trump sunday night.
However when house democrats passed the heroes act a 3 trillion stimulus. Biden s stimulus plan doesn t mention student loan forgiveness. Biden will extend the payment pause for student loan borrowers and ask congress to cancel 10 000 of the debt per borrower an aide told reporters friday.
Administration officials say the president elect still supports the move. Student loan forgiveness is also in question.
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