Student Loan Repayment Freeze Extended Into 2023, Likely Helping Consumer Spending

Contributing sentiments towards policy:

58% : However, if a definitive legal ruling comes earlier, then that would move up the date when student loan repayments resume into earlier in 2023.
58% : Hence, the resumption of student loan payments could be a drag on the U.S. economy once repayments resume.
57% : If legal uncertainty drags on beyond June 2023, then student loan payments would still resume 60 days later on the current plan.
56% : The Biden administration has extended the pause on student loan repayments, interest and collections into 2023.
56% : Unlike previous orders extending the pause on student loan payments, the timing is dependent on the actions of the courts.
56% : The resumption of student loan repayments is likely to be a 0.2% drag on consumer spending in the month it resumes.
55% : We don't know if student loan forgiveness will be implemented as planned or when student loan repayments will resume.
52% : This will likely be a small positive for the U.S. consumer in 2023, as resumption of student loan payments is expected to be a drag on consumer spending at a time when recession risks are elevated for the U.S. economy.
52% : This means that student loan payments are expected to resume no later than 60 days after June 30, 2023.
46% : However, the fact that student loan repayments will not resume in January 2023 gives some breathing room for the U.S. consumer.
45% : In addition to the timing of student loan payments being uncertain, so is the status of student loan forgiveness.
45% : Student loans just created another level of uncertainty for the U.S. consumer in 2023.

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