Student-Loan Repayment Moratorium Could Get Another Extension From Biden - WSJ

A spokesperson for the Education Department said it would announce whether it plans to extend the pause later this week.

Seems like code for an extension is coming.

Borrowers will feel great about it, except that it’s an incredibly inflationary policy. $7B/month in misallocated capital.

But borrowers enjoy swimming around in the nice warm water, not noticing that they’re getting boiled.

If the pause is extended, don’t expect payments to resume until after the midterms.