No one has clearly explained how government can mandate a pause on paying back a debt where the borrowers freely signed that paperwork in the contract. Somehow the lenders are supposed to absorb the loss ? Fascinating……..,
there are no lenders anymore, the government under Obama took over all the loans from lenders.
The student loan forbearance was passed to allow the borrowers to kick the can down the road during covid for people that were/are still on the hook for the loans. It gave some relief to people that lost jobs because of mandatory government shutdowns. My take is that people who didn't lose their jobs should have continued to pay back the loans.