Mark Zandi, Chief Economist of Moody’s Analytics
The Walker Webcast
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The Biden Administration's Forgiveness Program Adds $70-75 Billion to the Federal Government's Indebtedness
The Biden administration had put forth a forgiveness program that was going to add a huge amount to the federal government's indebtedness, if you will. "It is about $70-75 billion," he says of student loan borrowers who have started repaying their debt. The Obama administration also just recently through executive order said to servicers of those loans not to report a delinquent student loan borrower to the Bureau.
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