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Posted over 2 years ago

Reduce inflation, Have Student loan Buyers start paying again

I feel like I am beating a dead horse here (I'm sure that this is offensive to say) but borrowers need to start paying their student loans.  

All federal student loans have been in Forbearance since March of 2020 and they are set to start paying on August 31, 2022.

PLEASE START PAYING.

We are having issues with inflation, and that is not good for the economy.  The only way to tame inflation is to reduce demand(stop spending money) and the easiest way to do this is to have people simply pay their student loans.

Quick math again here.  1 million borrowers in MA, average monthly payment $310 so if they have to start paying again that is a quick:

$310 million pulled out of the MA economy. 

Really not much in since the GDP of MA is $530 Billion but it is a start



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