US: Charting the path forward on student loans
The call for action on student loans has become a progressive rallying cry that could help the President’s standing among disappointed voters. Reports suggest a $10,000 forgiveness per borrower is being considered to test the waters both against political blowback from the right and potential inflationary risks. Any form of debt cancellation could have a materially adverse impact on the loan refinancing companies, including SoFi and Navient, but the greater amount of cash at hand at consumers could be a positive for the consumer discretionary sector.
Edition: 135
- 13 May, 2022