Biden’s Student Loan Dilemma and the Political Business Cycle

In Analysis by Michael Rae

The White House recently announced that President Biden’s decision on whether to continue the freeze on student loan payments would come sometime in the next week.
“We’ve been talking daily about this and I can tell you that the American people will hear within the next week or so,” Education Secretary Miguel Cardona told Chuck Todd on “Meet the Press” on Sunday.
The payment freeze is set to expire at the end of the month, which means payments will resume in September if no new action is taken.
The freeze on payments was initially put in place by President Trump during the Covid-19

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