I'm not sure that the effect on the US economy, student loan forgiveness can boost consumption and boost shortterm economic recovery, as students will have more money to spend and invest in the future.
They are not students anymore!
The Department will continue to identify and notify borrowers who reach the applicable forgiveness thresholds (240 or 300 qualifying monthly payments, depending on their repayment plan and type of loan) every two months until next year when all borrowers who are not yet eligible for forgiveness will have their payment counts updated,” the department said.
It's people who have been paying the loans for 10-30 years and still haven't been able to qualify for forgiveness, most have quit schooled a long time ago and I don't doubt that there are some who are a few years from seeing their kids go to a college!
This loan that has been forgiven is still going to be channeled into the economy one way or the other because those students are going to be graduates
Again, just like the other guy, you have no idea what you're talking about and what this forgiveness is about!