Here comes a brand new one stimulus check, this time for a specific group of people in the state of Missouri. Note, Missouri State University students – there may be a new stimulus payment of up to $ 1,500 with your name on it.
That’s after the Missouri State University Board of Governors voted for this plan a few days ago. The money comes from the Federal Emergency Relief Fund. According to US Department of Educationthis fund was created by the original bill on coronavirus relief passed by Congress in 2020. The purpose is “to provide financial relief to students whose lives have been disrupted, many of whom face financial challenges and struggle to make ends meet. meet.”
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New stimulus payment up to $ 1,500 for some Missouri students
For MSU students, these checks can come as soon as a month or so from now. “This is money that is supposed to be distributed to the students, just like everyone else got their stimulus check,” MSU President Clif Smart told Springfield News editor. “We are the intermediary to hand out stimulus checks as instructed by the federal government.”
U.S. students considered to have the most “extraordinary” needs will be eligible for up to $ 1,500. And the final figure may even be a little higher than that, up to $ 1,600, but that depends on MSU’s final count of students for the fall. International students, meanwhile, will be eligible for $ 750. While many other American students receive $ 1,000.
In terms of how students will actually get this money? The school plans to allow them to either accept or decline the new stimulus payment. If the student chooses, the money will go into their Missouri State account. The funds could then go to any outstanding balance that they may have.
Alternatively, they can instead request that the school issue the new stimulus payment to them either as a direct bank deposit or a paper check. No matter how much money the student still owes the school.
This comes as more stimulus payments continue to be sent out around the United States. Including for families with eligible children, via the new child tax deductions that went out just a few days ago.
These payments are part of a six-check series that is distributed monthly and which gives parents a few hundred dollars a month. Depending on how many eligible children are in their household.
The next checks will come on October 15th. The IRS said the latest batch of checks amounted to about $ 15 billion. And that they were sent out to about 35 million American families.
Note: These checks went to eligible families who submitted a tax return for 2019 or 2020. Tax returns processed before August 30 are reflected in these payments.