In the time since my loan payments were paused they lost over 12% of their real value through inflation alone. It's hard for me to complain, but the longer the can gets kicked down the road the more taxpayers are already paying for it.
Sure, I certainly feel the pinch every time I have to pay for things I purchased. I have student loans too. Is this article implying we should feel bad for the top 30% most educated Americans because they had the pay for the privilege?
Who is relying on the cashflow from these loans that haven't been paid in 3 years? With every other loan or bond, someone's business model or ability to stay solvent relies on interest payments coming in.<p>Apparently student loans exist in the ether where pay or don't pay for 3 years, whatever, it won't make a difference?
i'm about to turn 47 and have maybe $4k left on my student loan. I bet the day i make hte last payment is the day they announce loan forgiveness for good hah.
I have the feeling this deferment will continue indefinitely because they can't forgive them because it's supposedly political suicide nor can they not extend it as it will cause too much of an economic impact.