Let’s Talk About Student Loan Repayments Resuming in October.

Once again, democrats have deliberately failed to deliver.

Photo by Unseen Studio on Unsplash

Well in case you haven’t heard student loan repayments are set to resume in October, and it just to happens that in the recent debt ceiling bill politicians made it impossible to extend the moratorium even further. Personally, I’ve been taking a few days to process the significance of this decision, and not only what it means for the Democratic Party but more importantly the people overall.

Michael Sainato with The Guardian writes:

Many Americans are dreading the return of interest accrual and the restarting of their monthly student loan payments as a huge political fight over Joe Biden’s debt forgiveness plan rages on.

Americans have $1.635tn in federal student loan debt, held by 43.8 million borrowers. Some 26 million people applied or were automatically accepted for student debt relief under Biden’s plan before applications were suspended because of lawsuits launched by Republicans.

That plan would provide student debt relief of up to $20,000 for eligible borrowers and up to $10,000 for borrowers with less than $125,000 in annual individual income.

So here’s the thing…