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Those graphs feel very heartening. Loan delinquency is an awful position to be in and a graph of delinquency dropping to zero feels like a graph of some level
by gorgoiler 2y ago
Those graphs feel very heartening. Loan delinquency is an awful position to be in and a graph of delinquency dropping to zero feels like a graph of some level of suffering going to zero.
I also hadn’t heard / realized the argument that relaxing student loan repayments is bolstering economic health, but I guess it makes sense if you think of it as US government taking $465bn out of the hands of the financial institutions and giving it to their citizens instead, ish.
Please disavow me of my economic naivety!
- paulpauper 2y agoSorta. If someone owes a 10 year loan they are making small payments every mouth and future payments are discounted at present value. So it's not at all like a lump sum.