Business

The Great Pandemic Student Loan Scam


President Biden has asked his Justice Department to investigate fraud in pandemic relief programs. Good idea. How about investigating the government’s forbearance on student loans, which cost taxpayers $100 billion and counting? This may be the biggest scam of the pandemic.

The administration’s student loan payment break is due to expire on May 1. But this week, Washington Senator Patty Murray called for an extension to 2023 while “forgiving some of the debt to all borrowers,” especially minorities and low-income people. “Debt relief shouldn’t require going through a gauntlet of paperwork,” she said.


Wj

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smsmalex

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