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Questions and Answers
Which of the following best describes the federal government's action regarding student loan repayment during the Covid-19 pandemic?
Which of the following best describes the federal government's action regarding student loan repayment during the Covid-19 pandemic?
- The federal government required regular payments of student loan debt.
- The federal government paused regular payments of student loan debt. (correct)
- The federal government increased the interest rates on student loan debt.
- The federal government forgave all student loan debt.
What analogy does the text use to describe the stock of outstanding student debt?
What analogy does the text use to describe the stock of outstanding student debt?
- A sponge absorbing water
- A faucet filling a bathtub (correct)
- A river flowing into a lake
- A dam blocking a river
What is one reason why the drain of student loan repayment is blocked?
What is one reason why the drain of student loan repayment is blocked?
- Economists and policy-makers don't understand the issue.
- College degrees are not valuable.
- The federal government has stopped requiring payments.
- Wage stagnation and insufficient income. (correct)
What is the main cause of the widening student loan misery according to the text?
What is the main cause of the widening student loan misery according to the text?
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What does the text suggest about the "pay off" of a college degree?
What does the text suggest about the "pay off" of a college degree?
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