Student Loan Relief In Next Stimulus Bill

The covid stimulus package did not extend the payment pause and 0 interest for student loan borrowers if no other action is taken all 42 million federal loan borrowers will have to resume their payments february 1 2021 the 900 billion pandemic aid package will send 600 direct payments to americans earning up to 75 000.

Student loan relief in next stimulus bill. Other democrats have proposed pausing federal student loan payments until at least. If student loan relief is not included in the final text of the stimulus bill all hope is not lost. As part of the legislative package passed monday congress extended a provision that allows employers to treat up to 5 250 per employee in student loan payments the same way they would wages as.

Two weeks ago a new stimulus package proposal would have extended student loan relief through april 30 2021. They are calling for student debt forgiveness to be. However that particular relief has already expired.

Options for student loan relief many advocates and lawmakers including warren believe student borrowers need additional help. Democrats have long pushed for an extension of the current pauses through september 2021 as well as student loan forgiveness and trump himself paused federal student loan payments for one more month via an executive order. Trump s most recent extension expires on january 31st 2021.

Congress did include student loan relief in the first stimulus bill. In august and earlier this month president trump signed executive orders extended the break for student loan borrowers.