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The student loan debt rate has doubled since the Chinese coronavirus pandemic began, and one education policy analyst doesn’t expect Biden’s approach will slow it down anytime soon.
According to Breitbart News, Experian has found most of the additional debt can be attributed to the federal loan payment pause designed to help students during the crisis.
Lindsey Burke, director of The Heritage Foundation‘s Center for Education Policy, explains that the pause is incentivizing students to not pay off their existing debt and instead borrow more money on top of their existing loans.
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They’re Trying to Shut Us Down
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