The Department of Education gave up collecting student loans.
Suspended student loan payments are delayed Treasury payments.
Writing off a loan balance after ten years of increasingly lower payments confounds the underlying promise of higher income, the student loan rationale spoken across the education landscape.
The administration's ultimate goal of forgiving student debt was revealed in the Student Loan Forgiveness Act of 2012, which never came to a vote.
Included in this proposal were graduate student loans.
Undergraduate loans are limited to $31,000, while graduate loans are unlimited for the 25 percent of student loan borrowers holding them.
The administration's persistence in forgiving student loans hides derelict indifference.
https://mises.org/wire/student-loans-continuing-crisis-getting-worse
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