Given this precedent, will student loans effectively be “forgiven” by the simple expedient of endlessly rolling the payment pause? Perpetually denying investors access to their capital will pause any economic recovery as well.
The Biden administration will relieve Americans from paying their federal student loans through the end of January, extending the pause for what it says is the last time as the government seeks to keep the economic recovery rolling.
The move continues the suspension of payments for all loans owned by the Education Department, maintaining a 0% interest rate and keeping in place a freeze on the collection of defaulted debt.





