July 24, 2020

Student Loans Not Included In Proposed Stimulus Plan

Student Loans Not Included In Proposed Stimulus Plan


If your hoping for student loan relief or student loan forgiveness, you may not find it in the new stimulus package.

Here’s what you need to know.

Student Loans

Senate Majority Leader Mitch McConnell (R-KY) is expected to introduce his proposal for the new stimulus package as early as Monday. According to a draft of the latest stimulus package reviewed by the New York Times, the stimulus package doesn’t include any mention of student loans. This includes any extension of the student loan relief in the Cares Act or any student loan forgiveness. While proposals and numbers can change as both parties create a bill, it’s increasingly unlikely that student loans will be part of the new stimulus.




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