Biden’s flip-flopping on student loan promises made borrowers increase discretionary spending, and were 7.5% more likely to default as a result
Corroborated by 2 sources from 2 publishers
globalgeneral1d ago
TL;DR
Reports differ across sources; according to finance.yahoo.com, biden’s flip-flopping on student loan promises made borrowers increase discretionary spending, and were 7.5% more likely to default as a result When President Joe Biden announced in August 2022 the federal student loan payment pause would be extended one “final” time, millions of borrowers took him at his word.