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dublinben  ·  455 days ago  ·  link  ·    ·  parent  ·  post: Student Loans Are Emerging From Deep Freeze, and Borrowers Are Confused

That money that should have been going towards student loans was saved, used to pay off credit card debt, and spent on goods and services. If anything, it was massively propping up the economy, because borrowers had hundreds of 'extra' dollars per month to support their consumerism.