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But now there s a second stimulus check of up to 600.
2nd stimulus package student loan forgiveness. Second stimulus checks and student loan forgiveness student loan borrowers have been wondering whether there will be any student loan forgiveness in the next stimulus. The cares act included. On social media many have opened up with their criticisms for congress regarding their new stimulus plan and especially the fact that it does not address student loan related concerns.
Enhanced unemployment and student loan forgiveness are part of biden s proposal. Sba loan payment subsidies the cares act passed by congress in march 2020 required the sba to make six. Another round of stimulus checks and student loan forgiveness is also included in biden s package.
For example the house stimulus bill proposal most closely mirrors a proposal from senate democrats whose student loan forgiveness plan would forgive at least 10 000 of federal student loans for. A lot of college students and their parents were mad as hell back in march when they found out they weren t getting a 1 200 stimulus check. 3 trillion dollar package that now includes student loan forgiveness.
Sorry to crush any dreams of being free from your law school debt but the student loan forgiveness was removed from the latest stimulus package. A 2nd stimulus check has been approved by house of representatives. It still requires passing by the senate but it s massive.
Despite biden s ambitious plans there are several factors standing in his way. More specifically the bill does not include student loan relief nor does it extend various federal student loan flexibilities such as a suspension of payments or an interest rate pause. Moreover ppp loan forgiveness is not reduced by the amount of such advances.
Today we are talking about how people with student loans could be impacted by the second round of stimulus spending. For more information on the stimulus package situation read how to calculate your stimulus money why.
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