It is definitely not the latter and that’s what makes it unfair. If it was fair, they would cut the same $10K check to everyone that had paid for higher education in the last X years and meets the income criteria.
Are you sure? What’s your source? Even the Biden administration is cryptic on this point. After posting my original comment, I’ve been doing additional research.
Thanks for the link. I don’t read the news so it’s the first time I’m seeing it. I didn’t see anything in there that alluded to people not currently in debt getting anything which matches what I had read in the past when this policy first surfaced.
https://www.whitehouse.gov/briefing-room/statements-releases...