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President Signs $2.2 Trillion Coronavirus Stimulus Package

1-us-bank-note-47344The aid package the U.S. House passed this afternoon and President Trump has now signed into law includes $13.5 billion in dedicated aid for K-12 schools and billions more for child care and nutrition services.

Among the elements of the bill are:

  • Immediate stimulus checks for most households—up to $1,200 per person and $500 per child
  • $30.7 billion Education Stabilization Fund to help fill expected state budget gaps, provide more dollars for student and school needs, and prevent educator layoffs
  • Expanded unemployment insurance
  • Six-month suspension of federal student loan payments
  • Tens of billions of dollars to help prevent housing insecurity

Click here for more information on the specifics of the bill.

“The bill is not perfect, but it does address many urgent needs of our students, educators, and schools,” said NEA President Lily Eskelsen García.

The language in the legislation also makes clear that any state or school district receiving money from the stabilization fund “shall to the greatest extent practicable, continue to pay its employees and contractors during the period of any disruptions or closures related to coronavirus.”

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