A new bipartisan bill would give essential workers $25,000 to pay off student loan debt or higher education costs.
As Congress eyes the next phase of coronavirus relief, some lawmakers want to help pay frontline workers’ student loans or higher education costs.
“Our essential workers put their lives at risk every day to make sure the rest of us are safe and healthy,” said Fitzpatrick in a statement. “They deserve all of the help we can provide them. By providing the option to help pay their student loans or continue their education, we can give them one less thing to worry about.”
Essential workers who worked at least 480 hours in a 120-day period during the COVID-19 crisis would be eligible. Workers who couldn’t reach 480 hours due to a case of COVID-19 would still be eligible. Kuster said she’s working to include the bill, or at least some form of higher education benefits, in the next stimulus package. The CARES Act granted some student loan relief, including a six-month suspension of some student loan payments — but experts say it’s not nearly enough.
Story continuesAn aide for the House Committee on Labor and Education told Yahoo Finance it’s considering a range of proposals for additional relief for student borrowers.
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