Don’t Waste Your Cash: College students and Stimulus Checks

Posted: Mar 22, 2021 / 9:40 am EDT
Updated: March 22, 2021 / 9:40 a.m. EDT

One of the biggest complaints about the 2020 stimulus exams was college students, and even some high school students, failing to qualify. This time, in 2021, that will finally change.

College students don’t just celebrate spring. Savannah Burhanny celebrates the introduction of stimulus checks.

“I’m excited. I hope I get it so I can pay for my college with my stimulus check next year,” said Burhanny.

For the first time, she is now qualifying for a check for $ 1,400.

For the first two rounds of checks, it didn’t matter if someone had trouble paying their own way through college.

As long as they were classified as dependent and were between 17 and 21 years old, college and high school students received no incentive.

“A lot of us lost our jobs that summer and we all had problems. Just because we’re dependent doesn’t mean we have problems, ”said Burhanny.

Rachel Dorsey and her boyfriend Ben Menoni were furious when they were left out last year.

“I find it a little ridiculous. Many of us have our own expenses and our parents cannot always help us, ”Menoni said.

This time, dependent students 17 and older will qualify for the $ 1,400.

But before someone orders pizza, two catches: First, the money goes to mom and dad, not to them. Second, if they collectively make more than $ 16,000 a year, they still won’t qualify – no matter how broke they may feel.

This latest stimulus package does not include student loan forgiveness, but there is a possibility that it will happen later this year.