How Stimulus Aid Is Arriving For Some Americans

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Representation. A COVID-19 stimulus check.

The federal government has signaled no interest in issuing another round of stimulus checks, but some aid is going to be arriving to some Americans in other forms—and a large number of citizens could soon be looking at a long-awaited form of assistance.

On a state level, Maine is giving residents an influx of cash come June-with $850 checks set to be sent out to approximately 858,000 residents. Additional rounds will be sent throughout the end of the year. In order to receive checks, they must be a full-time resident in Maine and have filed a 2021 individual income tax return. A single filer must also earn less than $100,000 a year, a head of household must make under $150,000 and a couple filing jointly must earn less than $200,000 in order to qualify.

Meanwhile, Gov. Tom Wolf of Pennsylvania has renewed calls for a state stimulus check for his residents, urging state legislators this week to use $500 million of unspent federal aid in the state to send $2,000 checks to residents.

However, residents of other states in the U.S. aren’t set to receive such aid, but those with student loan debt could soon see a reprieve that they have been waiting for since President Joe Biden took office.

While declaring once and for all that he would not cancel $50,000 of debt for every federal student loan borrower, with the administration signaling for the first time that they are discussing the idea of forgiving $10,000 of debt for borrowers, with a decision expected within the next few weeks on the next steps, The Washington Post reports.

As of now, the administration is considering income threshold limits for borrowers who will be eligible. Aides to the President are examining limiting relief to those who earned either less than $125,000 or $150,000 individually, with a threshold of $250,000 or $300,000 for couples who file their taxes jointly. No final decisions have been made, and it is unclear if other factors will be added to limit the number of eligible borrowers.

The move is coming after the administration extended the COVID-19 loan forbearance once more, with payments set to resume for borrowers beginning on August 31.


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Photo: Pixabay

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