While many college students are strapped for cash, even when there's not a global pandemic, Fast Company notes that this will likely continue, as the CARES Act has largely left them out of the famous $1,200 stimulus payments. This is because the legislation does not allow those who are counted as dependents to receive stimulus funds, which is the case for many young adults in college. So while many college students, like others across the country, have lost their jobs due to the global pandemic, they will not be receiving stimulus funds. What's more, even if they are dependents, their parents won't be able to claim the additional $500 boost for each qualifying child in their household, as college students are likely over the age of 17. In response, Fast Company is reporting that broke college students are looking into taking on yet more debt, of which there are already record-high amounts: $1.6 trillion among all debtors.