The newest Biden administration features offered the fresh new “pause” on student loan money to have a 6th big date
When you are all the way down-earnings homes make an effective up a larger express away from borrowers, upper-earnings houses compensate a much bigger express off a fantastic student loan financial obligation.
By the time the newest pause stops, people who got away student loans gets was able to go 31 months-two-and-a-1 / 2 of many years-versus and then make just one fee neither accruing any new attract.
It’s a brutal contract having taxpayers. (more…)