COVID-19 Outbreak (Update: More than 2.9M cases and 132,313 deaths in US)

So, the push was for $10,000 forgiveness on all loans. Students would be responsible for the rest, but would be able to defer (without accruing interest) until they were able to start paying again.

The Republicans rejected any forgiveness, in any amount, outright.

The result was a period of 6-months for deferral and private collection agencies had to stop calling and seeking to collect payment from borrowers.

I was a bit underwhelmed when I saw that, but hey... that's what passes today
It’s a start. But once this passes, and it will, we will need to get the economy back up and going. Huge numbers of people have been laid off and won’t have immediate income. It’s going to take some time to build things back up. So, you have to look around and say, ok what can we do? In these bills that were passed there is well over the amount needed to wipe out most student debt, thereby allowing a huge potential consumer base to buy autos, cars, major appliances. Right now all that income is going to banks. Which I mean really at this point the government’s debt and such is just imaginary money anyway.