House coronavirus aid bill would pay off student loans

Washington Examiner ^ | May 12, 2020 | Susan Ferrechio

[kevcol]

The $3 trillion coronavirus aid package Democrats introduced Tuesday calls for the Treasury to make payments of up to $10,000 per student loan.

The proposal, which Democrats plan to vote on Friday, calls for Treasury to make student loan payments until September 2021. Any unused portion of the $10,000 would be applied to the outstanding loan balance if it’s not reached by the 2021 deadline.

Senate Democrats earlier this year proposed the cancellation of student loan payments during the coronavirus pandemic in addition to wiping out at least $10,000 in student loan debt.

[skimbell]

C'mon!

It's obscene but $140B...tops.

[boxlunch]

We did too. Trying to do the right thing just isn’t rewarded in this country any more.

[entropy12]

Yes, so we must learn to exploit whatever opportunities exist to make money. Right now only places are real-estate and stocks. They can’t print houses, and businesses are needed to make stuff and sell stuff.

[Svartalfiar]

The $3 trillion coronavirus aid package Democrats introduced Tuesday calls for the Treasury to make payments of up to $10,000 per student loan.

Per student loan? So someone who has multiple student loans gets $10M for each one? Are we sure the bill doesn't say "per student"?

My wife has 5-6 loans that were all rolled into a single account/payment. So would she get ten or fifty thousand?