Will The New Stimulus Bill Address Student Loans

The latest stimulus package allows employers to make tax free contributions of up to 5 250 a year to their employees education debt.

Will the new stimulus bill address student loans. Two weeks ago a new stimulus package proposal would have extended student loan relief through april 30 2021. Administration officials say the president elect still supports the move. First while student loans were dropped from the most recent stimulus package congress could cancel 10 000 of student loans.

Biden s stimulus plan doesn t mention student loan forgiveness. Senior officials of the incoming biden administration say. The new stimulus bill didn t extend the student loan payment pause but it has 8 provisions that will affect how families pay for college last updated.

Congress did include student loan relief in the first stimulus bill. New coronavirus stimulus bill does not include student loan relief mandatory payments are set to resume in february 2021. New stimulus package would extend student loan relief through april next stimulus.

Other democrats have proposed pausing federal student loan payments until at least. 1 2021 at 11 36 a m. However that particular relief has already expired.

Joe biden plans to continue the pause on federal student loan payments and accumulating interest but ask congress to pass student loan forgiveness. Options for student loan relief many advocates and lawmakers including warren believe student borrowers need. The provision will expire in five years although experts say.

In august and earlier this month president trump signed executive orders extended the break for student loan borrowers.