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> A new working paper finds that borrowers whose loan payments were paused actually had more debt at the end of 2021 than those whose loans were never paused.
by lumb63 3y ago
> A new working paper finds that borrowers whose loan payments were paused actually had more debt at the end of 2021 than those whose loans were never paused.
Yes, my student loans are the same as they were the day of the paid. Why on earth would I pay money toward a 0% interest loan in a high-inflation environment? My pay has jumped more than 50% since the start of the pandemic and the dollar’s value has decreased, I am guessing, by 20%. So, yes, the nominal value of my loans is the same, but the government has been kind enough to inflate a large amount of it away. Very bad conclusion drawn.