The Senate's New Coronavirus Bill Will Extend Student Debt Relief Until September

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The Senate's New Coronavirus Bill Will Extend Student Debt Relief Until September
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The Senate has passed a $2 trillion stimulus plan to combat the coronavirus pandemic

the $831 billion stimulus bill which the Obama administration passed in 2009 and dwarfs the multiple efforts made by the Bush administration after 9/11 and the housing crisis and subsequent market collapse of 2008.

While Trump is already touting the sheer size of this bill, it's worth keeping in mind that this pandemic is an unprecedented crisis: The problem is bigger, so the response will naturally need to be bigger, too. At least 3 million peoplepoints out is the biggest number of new claims the country has seen in modern history.

from student advocacy group Rise, 52 percent of college-aged respondents said their work had been impacted as a result of the pandemic.allocates around $250 billion to distribute one-time checks to American adults and their children, with some provisions. The checks will cap at $1,200 and will be based on the most recent tax filings: Those who make up to $75,000 as a single person qualify for the full amount, while couples who make up to $150,000 will qualify for $2,400 total. Households with childrenBut that one-time check likely won't go far for a lot of people, who are worried about being out of work for the foreseeable future.

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