Taps Coogan – December 5th, 2023
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Despite a lot of political hijinks aimed at offloading student debt onto taxpayers, repayments have finally returned to levels roughly inline with where they were pre-Covid. Via Win Smart:
Student borrowers back in payback mode pic.twitter.com/nsm3lBZsZh
— Win Smart, CFA (@WinfieldSmart) December 5, 2023
Presumably, this will represent a drag on some segments of consumer spending though it also represents $5-$6 billion of badly needed revenue per month to the Federal Government as well as a renewed deterrent against students getting useless degrees at great expense to themselves and society at large.
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