$ 2,000 monthly stimulus checks and student loan forgiveness

Senator Kamala Harris is advocating for Congress to adopt its priorities for the next stimulus package, including monthly stimulus checks of $ 2,000 and a student loan forgiveness.

Last night, Harris, who is one of the top Democratic running mate’s contenders, joined Joy Reid on her new show, The ReidOut, and launched former Vice President Joe Biden “Rebuild better»Plan for economic recovery and racial equality. Harris specifically pointed out the part of his plan that includes a broad $ 10,000 student loan waiver for borrowers with the federal government. student loans because of the coronavirus.

Senator Harris also spoke about Biden’s proposal to make public colleges and historically black colleges and universities (HBCUs) – even private HBCUs – tuition-free for families earning up to $ 125,000 a year.

Last week Harris joined others Democratic Senators calling that the next stimulus package include a fix to the Public Service Loan forgiveness program (PSLF) that would make it easier for borrowers to benefit from the program. Senators cited the many essential workers who also work in the public service and would be eligible for the program.

Senator Harris is also calling for more direct cash payments to Americans. his bill with Senators Bernie Sanders and Ed Markey would provide $ 2,000 stimulus checks and make them monthly. Individuals would also receive $ 2,000 per dependent, up to $ 6,000.

The last stimulus check was a one-time payment of up to $ 1,200 per person and $ 500 per dependent. For those earning more than $ 75,000 per year, this amount has been reduced. Senate Republicans have proposed another round of very similar stimulus checks at first.

Harris also proposed the Law on the impact of emergency leaves on rents on evicted families (RELIEF) which would ban evictions and foreclosures for a year to protect tenants and landlords as they weather the economic crisis. She has introduced additional legislation to protect Americans from shutting down their public services during the emergency.


Related readings:

What the coronavirus boost means for your student loans

CARES Act helps most student borrowers apply for loan forgiveness

Student loan payments are due again in 100 days


Follow me on Twitter and connect with me on LinkedIn.


Source link

About Paul Cox

Paul Cox

Check Also

Distressed borrowers seek creative loans to survive virus (1)

When PizzaExpress secured a new loan from a private credit company earlier this month, it …

Leave a Reply

Your email address will not be published. Required fields are marked *