This Student Loan Forgiveness Dropped From Stimulus Bill

Speaker of the House Nancy Pelosi (Photo by Getty Images/Getty Images for Supermajority) Getty Images…

If you’re hoping for this type of student loan forgiveness in the next stimulus package, it was removed.

Here’s what you need to know.

Student Loans

Student loan forgiveness may be top of mind for 45 million student loan borrowers. However, the latest stimulus bill that House Democrats passed excludes student loan forgiveness for your federal student loans. That’s surprising to many because most student loan forgiveness is for federal student loans — and the original Heroes Act included federal student loans, but the revised version apparently does not. For example, income-driven repayment plans and public service loan forgiveness enable you to receive federal student loan forgiveness once you meet certain requirements. While the next stimulus bill could include student loan relief, student loan borrowers are curious about student loan forgiveness. Will the next stimulus include student loan forgiveness?