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Reply to "What is going on with student loans?"
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[quote=Anonymous]I say this as someone with no skin currently in the game, but did have loans that were forgiven. I benefited greatly from the payment pause, and while I do think it's a bit silly to forgive high earners' loans without any limits (I didn't turn down forgiveness just like I don't turn down tax credits and deductions), I think it's reasonable to say let's forgive people's loans up to a limit after a certain amount of time/income based payments. I'm just curious what the Biden administration's plan is? One time forgiveness for current borrowers (what happens to future borrowers)? Do they extend the payment pause indefinitely? It's been over two years of no payments, by now it's baked into people's budgets and politically it's just going to get harder to start payments as the economy gets worse. Is there anybody in the Biden administration thinking long-term on this? It feels like they are just constantly reacting to public opinion/twitter/inertia on this.[/quote]
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