Second Stimulus Bill And Student Loans

The loan limit is 2 million and the amount a small business will qualify for is determined by.

Second stimulus bill and student loans. Posted dec 23 2020. 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. Democrats and republicans were finally able to reach an agreement on another stimulus package recently.

While lawmakers failed to include student loan relief in the 900 stimulus bill that passed through congress there are other options if you re looking to lower your student debt. The heroes act which is a stimulus bill that house democrats passed last year would have cancelled 10 000 of student loan debt for borrowers who are struggling economically particularly in the. Nearly nine months after they shared the first package the cares act they have introduced a bill that would total 900 billion.

The new legislation allocates around 284 billion and refers to the new loans as second draw loans. The basics of the second stimulus bill.