Although the federal government has indicated that it has no intention of issuing another round of stimulus checks, some aid will be arriving in other forms for some Americans—and a large number of citizens may soon be looking at a long-awaited form of assistance.
Maine residents will receive an influx of cash in June, with $850 checks being sent out to approximately 858,000 residents. Additional rounds will be sent out as the year progresses.
They must be a full-time resident of Maine and have filed a 2021 individual income tax return in order to receive checks.
To qualify, a single filer must earn less than $100,000 per year, and ahead household must earn less than $150,000, and a married couple filing jointly must earn less than $200,000.
Meanwhile, Pennsylvania Governor Tom Wolf has renewed calls for a state stimulus check for his constituents, urging state legislators to use $500 million in unspent federal aid to send $2,000 checks to residents this week.
Residents of other states in the US, on the other hand, are unlikely to receive such assistance, but those with student loan debt may soon get the relief they’ve been waiting for since President Joe Biden took office.
While stating unequivocally that he would not cancel $50,000 of debt for every federal student loan borrower, the administration has signaled for the first time that they are considering forgiving $10,000 of debt for borrowers,
with a decision on the next steps expected within the next few weeks, according to The Washington Post.
The administration is currently considering income ceilings for borrowers who will be eligible. Aides to the President are considering limiting relief to individuals earning less than $125,000 or $150,000, with a $250,000 or $300,000 threshold for married couples filing jointly.
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There have been no final decisions made, and it is unclear whether additional factors will be used to limit the number of eligible borrowers.
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The move comes after the administration extended the COVID-19 loan forbearance for a second time, with borrowers’ payments set to resume on August 31.