Moore: Biden forgives student loans, defaults soar

Student loan defaults have registered a worrying increase, reflecting a national trend of rising loan delinquency during the first quarter of the year, and Puerto Rico is no exception.

Student Loans: A New Sheriff in Town

Forbes called this explosive loan situation, a “perfect storm…of heavier debt loads, higher payments, and an unforgiving economy.”Original article:

Moore: Biden forgives student loans, defaults soar

Here’s an economics lesson that belongs in the textbooks. Student loan debt soared to more than $1.5 trillion during the Biden presidency, and the response by Washington was to “forgive” hundreds of billions of these unpaid loans by deadbeat borrowers and let the taxpayers pick up the tab. It was never clear why the universities that charge exorbitant tuitions that have reached more than $75,000 a year at many elite schools shouldn’t bear the co…