Biden’s flip-flopping on student loan promises made borrowers increase discretionary spending, and were 7.5% more likely to default as a result
- Posted on June 17, 2026
- By Fortune
- 0 Views
- 1 min read
Biden’s flip-flopping on student loan promises made borrowers increase discretionary spending, and were 7.5% more likely to default as a result
When the government hints at doing something big, like canceling student loans, people start acting as if it's already happened, even if it's not guaranteed.
