Stimulus Relief Update Student Loans

Extend relief on federal student loan payments and extend an eviction moratorium.

Stimulus relief update student loans. Student loan relief was not extended in the 2 3 trillion coronavirus relief and government spending. In addition to helping with your student loan repayment you can save income taxes. Administration officials say the president elect still supports the move.

Student loan benefits could end september 30 2020 congress passed the cares act the 2 2 trillion financial stimulus package which provided multiple benefits for your student loans including. Biden s stimulus plan doesn t mention student loan forgiveness. In august president donald trump signed a presidential memorandum extending the student loan relief through dec.

8 2020 the trump administration extended student debt relief until dec. While the final stimulus package includes no extension of existing student loan relief the bill nevertheless does contain important provisions including the following. Impose a mask wearing requirement on all federal property planes and buses.

Other democrats have proposed pausing federal student loan payments until at least. Then earlier this month secretary of education betsy devos extended the deadline through january. Two weeks ago a new stimulus package proposal would have extended student loan relief through april 30 2021.

As passed in the cares act this relief was set to last from march 13 2020 until sept. 600 stimulus checks for people who made. Now federal student loan borrowers will have to pay up on february 1st.

Updated dec 28 2020 at 6 56am getty student loan payments are set to resume in february 2021. 600 stimulus checks for people who made under 75 000 in 2019 and smaller stimulus checks for those who made between 75 000 and 99 000.