The proposed debt cancellation of more than $400 billion would have been one of the most expensive executive actions in U.S. history and affects tens of millions of borrowers.
Well at least we saved a massive amount with inflation, better to pay it now 4 years later after having it at 0 interest than 4 years ago when money was worth more
Yes it is. And those who didn’t make payments or weren’t able to during the pause just extended their debt slavery by 3 years.
It’s outrageous that loans that cannot be discharged have such high interest rates.
It’s outrageous that the something that benefits us all must be taken on by those willing to step up and learn.
Well at least we saved a massive amount with inflation, better to pay it now 4 years later after having it at 0 interest than 4 years ago when money was worth more
If the inflation translates to wages but I’ve yet to see that happen.