. Congress soon codified those benefit into the CARES Act and also went a step further in suspending most monthly student loan payments for roughly six months.
An Education Department official said the agency had not yet made any decision about a potential extension of the benefits. “The Department is still assessing its options and is focused on doing the next right thing for students, borrowers, and taxpayers,” department spokesperson Angela Morabito said in a statement.
“We seem to be dealing in this fictional universe where Covid is getting better and not worse, and unemployment is getting better and not worse,” she said. “The idea that we’re ready to return to payments as usual is baffling to me.” While Americans with less education are still far more likely to be unemployed, job loss spiked from about 2 percent in March to 8 percent in April for workers who have at least earned a bachelor’s degree. About 7 percent of those degree-holders are still out of work, according to the Department of Labor’s latest monthly tally.
But outright cancellation of debt, as many Democrats are proposing, remains a tough sell among GOP lawmakers and Democrats from more conservative-leaning districts.
A total disaster. What are we to do
i faced it 7 years ago but i paid mine off like a man. no pussy i should of Doggie the system and Cryed See how you are sissy boy pay up
Unbelievable.
Mitch doesn’t care. senatemajldr doesn’t give a fuck.
The U.S. has been the Saudi Arabia of Natural Gas, so why have these idiotically high rates on student loans. When oil rich countries don’t charge for college at all?
Which Administration allowed those sky rocketing student loans? Just asking for a friend.
Trump does not care. Tonight people how lost their jobs because of Trump lies and down playing the virus and his choice to be a cheerleader rather than leader, those people can now be evicted due to no fault of theirs but the failure of Trump. How many will go homeless? TRUMP?
In all fairness Republicans don't give a crap if you go bankrupt or die. If you vote for them again I don't care either. :-)
Tough shit. These morons over pay for a shitty education, and they want me to bail them out. HardPass
Ah yes, we're all fucked.
Trade school is looking better and better all the time