A new Study from the University of Chicago looked at what happened with the Student Loan Payment Moratorium. (1)
What began as an emergency measure to help people who were unable work due to the Government shut-down of the economy developed into a 3 year subsidy for many that didn't need it.
What happened?
Borrowers stopped paying their student loans and started borrowing more to buy things.
Why Biden continues to want to take tax dollars from hard workers, many that paid off their loans, didn't borrow or postponed going to college, and transfer it to others that used the payment moratorium to increase their debt and buy things makes no sense to me.
(1) Dinerstein, Michael and Yannelis, Constantine and Chen, Ching-Tse, Debt Moratoria: Evidence from Student Loan Forbearance (December 24, 2022)
https://twitter.com/moxlosllc/status/1666100240204611587?s=46&t=Y4fVsDnz2q8uZ3VNKeco4A
