The U.S. Senate has been working on a large stimulus bill to attempt to address economic impacts of the COVID-19 pandemic. Inside Higher Education reports that the bill will have implications for student loans. However, the two parties have not so far been able to reach an agreement on the bill.
From Inside Higher Education: "A $1.6 trillion stimulus proposal from Republicans to help the economy during the coronavirus crisis stalled in the Senate over a number of objections by Democrats, including that the proposal didn’t do enough to help those saddled with student debt... Democrats had raised a number of objections to the Republican plan, from the amount of funding to businesses to a lack of help for hospitals and states. But a Democratic aide emailed that among them is concern a six-month moratorium on borrowers repaying student loans wouldn’t provide enough relief."
Read the full article here.