Posted on 08/07/2021 8:56:26 PM PDT by SeekAndFind
Joe Biden has extended his pandemic-inspired freeze on repaying student loans through January 2022. That should give the radicals just about enough time to cancel repaying all student debt — all $1.7 trillion of it.
I’m sure that’s good news for the 44 million Americans who took out loans to pay for college and especially graduate school. For the rest of us, it’s hard to say. If it encourages more 18-year-olds to take out loans to pay for a degree in rainforest management or classic film studies, it’s probably not a good thing.
The pandemic relief measure to freeze repayment of student loans was to last through September. Biden will extend the freeze for another four months. The reasons are not at all clear. Even with the Delta variant, unemployment is falling through the floor. It’s not like people are going to lose their jobs in the immediate future.
“The payment pause has been a lifeline that allowed millions of Americans to focus on their families, health, and finances instead of student loans during the national emergency,” Education Secretary Miguel Cardona said in a statement. “As our nation’s economy continues to recover from a deep hole, this final extension will give students and borrowers the time they need to plan for a restart and ensure a smooth pathway back to repayment.”
The “restart” has been going on since May when almost all lockdowns were lifted. As far as a “smooth pathway back to repayment,” that’s nonsense. You either have the money to repay the loan or you don’t.
Republican Rep. Virginia Foxx criticized the administration for further delaying the restart of student loan payments.
“Secretary Cardona is using the permanent pandemic narrative to wield power rather than enact responsible solutions to help borrowers get back on track,” Foxx said
(Excerpt) Read more at pjmedia.com ...
Unemployment is going to go up when they fire all the vax refusers. Including this guy.
and the strong independent wimmin rejoice
this is the primary reason why this is occurring
wimmin hold 1 trillion in student loan debt for largely useless to low-paying degrees, aka 2/3 of all student loan debt
with no hope of paying it back on tgeir own
and are begging not to be held responsible for their own voluntary fiscal choices
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