Student loans: many of us have them, all of us hate them. Over the past several decades, the student loan bubble has only continued to increase, now totaling around $1.7 trillion according to Federal Reserve estimates. There have been growing calls for the Biden administration to extend the moratorium on student loan repayments that has been in place since the beginning of the pandemic. Nevertheless, repayments are set to restart on February 1, 2022, at a time when over 3.3 million people in the U.S. have fallen into poverty during the pandemic; Covid-19 continues to spread throughout the US; and the Omicron variant threatens to bring a wave of new cases peaking as early as January, according to CDC estimates.
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