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Washington gray dc the 900 billion 5 593 page stimulus bill does not address student loan debt.
Student loan relief in new stimulus bill. No student loan relief in 900 billion stimulus bill. Will there be student loan forgiveness. In august and earlier this month president trump signed executive orders extended the break for student loan borrowers.
New coronavirus stimulus bill does not include student loan relief mandatory payments are set to resume in february 2021 published mon dec 21 2020 4 36 pm est abigail johnson hess abigailjhess. In march congress passed the cares act which provided federal student loan forbearance waved interest and stopped collections on. Third stimulus relief bill.
In the new stimulus package congress extended this student loan relief for five years through december 31 2025. However that particular relief has already expired. Congress did include student loan relief in the first stimulus bill.
According to business insider the new stimulus bill alters the federal pell grant program for the upcoming school year by allowing a maximum grant amount of 5 435 per student per year. Millions of student loan borrowers might be required to resume federal student loan payments on february 1st. The covid stimulus bill will provide nearly 23 billion to colleges and universities some of which the schools must use to provide emergency financial help to students.
Trump s most recent extension expires on january 31st 2021.
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