Biden's next stimulus packages could bring a fourth relief check or cancel $10,000 in student loans

PRESIDENT Joe Biden is working on two stimulus proposals that could include more relief checks or cancel student loan debt.

The policy proposals currently focus on creating jobs and supporting families, but many are hopeful that additional stimulus checks and student loan forgiveness will also make the cut.

In his speech to the joint session of Congress last week, President Biden praised the impact of stimulus checks but did not comment on whether there would be more of them in the future.

"We kept our commitment — Democrats and Republicans — of sending $1,400 rescue checks to 85 percent of American households," Biden said. "For many people, it’s making all the difference in the world."

The IRS is still sending out the third round of stimulus checks, and many Democrats are pushing for more checks in the future.

However, some say it would be a struggle to gain bipartisan support for additional checks.

Biden's American Jobs Plan would inject $2 trillion into the US economy to create infrastructure jobs. There are no plans yet for it to include stimulus checks.

The American Family Plan, also in progress, would set aside $1 trillion foreducation, affordable child care and paid family and medical leave. Some are keeping an eye on this plan to see if a fourth stimulus check is eventually included.

People are also looking for $10,000 in cancelled student loans, a proposal Biden has previously supported.

While neither plan currently includes student loan forgiveness, Biden recently asked his education secretary if he has the executive power to cancel up to $50,000 in student loan debt.

The education department has yet to announce its findings on the subject.

When he first took office, Biden authorized a pause on federal student loan payments and interest accrual through September 30, 2021. After that, student loan payments are set to resume.

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