I continue to be amazed that I am, apparently, the only person in the United States who figured out that Biden wasn't "giving" money to indebted students...he was actually paying off his Bankster Buddies! (Forget the 1%, I am the 1/330,000,000 = 0.0000003%)
According to this, it looks like 48% of the loans were in arrears. 48% of 1.05 Trillion? Even if I am off by a bit, it is still quite a bonanza. And nobody but nobody is asking Biden DIRECTLY why he is giving all that money to his #1 sponsors! Nobody is asking him about the conflict of interest so obvious even a corrupt, senile president should be able to figure out.
But no Bankster Left Behind! And NOT A SINGLE TALKING HEAD -- NOT EVEN TUCKER, APPARENTLY -- HAS FIGURED IT OUT! Most of the students get NOTHING, not one PENNY will touch their hands -- their forgiveness doesn't really change them from drowning in debt. The Banksters get EVERYTHING! EVERY PENNY!!
Absolutely nobody else has figured it out! Apparently not Tucker, and not even Trump?
I am a genius!!!
http://www.nitrocollege.com/research/average-student-loan-debt
About $1.05 trillion of Americans’ student loan debt is in the form of direct loans. That’s a steep increase from five years ago when the total was $508.7 billion. Currently, 52% of direct federal loan debt is in repayment. About 8% is in default because the borrower hasn’t made a payment in nine months or longer. The remaining 40% is “on hold” for a variety of reasons:
13% is held by students who are still in school
11% is in forbearance
11% is in deferment
5% is in a grace period
1% is classified as “other”
Forbearance and deferment enable many borrowers to postpone payments if they are experiencing economic hardship, like unemployment or a medical crisis; are serving in the military; or are continuing their studies through a fellowship, residency, or postgraduate study. The main difference is that interest always accrues during forbearance, but does not during some deferments.
The current breakdown is a significant change from the third quarter of 2013, when 42% of federal student loan debt was in repayment, 24% was held by students in school, 13% was in deferment, 8% was in forbearance, 7% was in a grace period, 5% was in default, and 1% was classified as “other.”
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