As the Covid-19 pandemic continues to impact the economy and the lives of people worldwide, many are wondering if there will be another round of stimulus checks. College students, in particular, are concerned about their eligibility for this aid. Here's what we know so far.
What Happened Last Time?
When the first round of stimulus checks was approved in 2020, college students were initially excluded from receiving them. However, after public outcry and pressure from lawmakers, the eligibility requirements were expanded to include dependent college students.
What's Different This Time?
While there is no official word yet on a second round of stimulus checks, it's likely that the eligibility requirements would be similar to the first round. This means that dependent college students would be eligible for the aid if they meet certain criteria.
What Are the Eligibility Requirements?
The eligibility requirements for the first round of stimulus checks were as follows:
- Must be a U.S. citizen or resident alien
- Must have a valid Social Security number
- Cannot be claimed as a dependent on someone else's tax return
- Must have an adjusted gross income of less than $75,000 (or $150,000 for married couples filing jointly)
Dependent college students who meet these requirements would have received a $1,200 payment in the first round of stimulus checks.
What About Independent College Students?
Independent college students (those who are not claimed as dependent on someone else's tax return) were also eligible for the first round of stimulus checks if they met the eligibility requirements. However, they received a lower payment of $600.
What Can College Students Do?
While there is no guarantee that there will be another round of stimulus checks, college students can still prepare themselves by making sure their tax information is up to date and accurate. They should also keep an eye out for any updates or announcements from the government regarding stimulus checks.
Conclusion
College students are facing many challenges during the Covid-19 pandemic, including financial hardship. While there is no clear answer yet on whether they will receive another round of stimulus checks, it's important for them to stay informed and be prepared for any potential aid that may come their way.
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As the Covid-19 pandemic continues to impact the economy and the lives of people worldwide, many are wondering if there will be another round of stimulus checks. College students, in particular, are concerned about their eligibility for this aid. Here's what we know so far.
What Happened Last Time?
When the first round of stimulus checks was approved in 2020, college students were initially excluded from receiving them. However, after public outcry and pressure from lawmakers, the eligibility requirements were expanded to include dependent college students.
What's Different This Time?
While there is no official word yet on a second round of stimulus checks, it's likely that the eligibility requirements would be similar to the first round. This means that dependent college students would be eligible for the aid if they meet certain criteria.
What Are the Eligibility Requirements?
The eligibility requirements for the first round of stimulus checks were as follows:
- Must be a U.S. citizen or resident alien
- Must have a valid Social Security number
- Cannot be claimed as a dependent on someone else's tax return
- Must have an adjusted gross income of less than $75,000 (or $150,000 for married couples filing jointly)
Dependent college students who meet these requirements would have received a $1,200 payment in the first round of stimulus checks.
What About Independent College Students?
Independent college students (those who are not claimed as dependent on someone else's tax return) were also eligible for the first round of stimulus checks if they met the eligibility requirements. However, they received a lower payment of $600.
What Can College Students Do?
While there is no guarantee that there will be another round of stimulus checks, college students can still prepare themselves by making sure their tax information is up to date and accurate. They should also keep an eye out for any updates or announcements from the government regarding stimulus checks.
Conclusion
College students are facing many challenges during the Covid-19 pandemic, including financial hardship. While there is no clear answer yet on whether they will receive another round of stimulus checks, it's important for them to stay informed and be prepared for any potential aid that may come their way.
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