It’s time to end the taxpayer-subsidized vacation for student loan payments

Published September 23, 2021 12:00am ET



From the very beginning of the pandemic, we have expected essential workers such as grocery store clerks to grab a mask and get to work. Yet, for some bizarre reason, the federal government decided that relatively well-off college graduates needed a vacation from their student loan payments — at taxpayer expense, of course. The educated class’s vacation from paying their bills continues 18 months later and, thanks to an extension from the Biden administration, isn’t set to end until January 2022.

This is nonsense. While some Americans do indeed continue to struggle amid the pandemic and government restrictions on their livelihoods, college-educated workers are doing just fine. After all, broadly speaking, college graduates are much more likely to work in roles that function remotely, so they were far less likely to get laid off during the pandemic.

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