Why is Biden extending the student loan repayment pause?
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Anonymous
| Pay what you owe. Unemployment is near where it was pre-pandemic. There are literally no more excuses for these freebies. Do you know why there's inflation? Because there is too much money everywhere. Making people pay what they owe is one way to reduce too much consumption that's driving so much inflation. That may be an unpopular view, but it's true. US household wealth and savings has exploded during the pandemic due to multiple stimuli and huge amounts of money printing. Time to take money out of the system and make people pay their bills. |
Anonymous
Anonymous
| He is in a bind, given his polling numbers. And this is becoming akin to an entitlement, the longer it goes the more politically difficult it will be to remove it. |
Anonymous
Well, its extended to August - no way its not extended again past midterms. So I'm guess all the way into January 2023. |
Anonymous
| Could be people be paying down principle during this time? |
Anonymous
Yes. |
Anonymous
|
Black women are plagued by student loan debt:
https://www.washingtonpost.com/education/2022/04/03/black-women-student-loan-freeze/ |
Anonymous
|
Amazing that this administration decides to end Title 42 but continues to extend the loan repayment moratorium.
Hypocrites. |
Anonymous
| We talked about this before! I can’t afford to pay for it |
Anonymous
Black women are the highest educated population in this country so it makes sense. |
Anonymous
One has nothing to do with the other but Title 42 should have absolutely been extended - why do we want more undocumented migrants in our country? Unless they're going to create fast-tracked paths to work in trucking in or in factories or in fields. But just letting them stream in is a no-go. |
Anonymous
| He should've just extended to January 2023. Pretty dumb to restart loan payments right before midterms. |
Anonymous
You can’t take back an extension once committed. Shorter gives him wiggle room. |
Anonymous
The extension ending on Sept 1 gives them the opportunity to apply some form of forgiveness right before the midterms. Let's see if they have the guts to do it. |