Left Out of the Stimulus

Although help for student borrowers in Congress’s massive economic stimulus package has been widely publicized, including a six-month reprieve from making loan payments, more than a million people with loans may be surprised to learn they will not get any relief under the new measure. Borrowers with Perkins and commercially held Federal Family Education Loans are excluded from the $2 trillion bill, which is expected to pass the U.S. House today after being approved by the Senate Wednesday.