I forgot to mention that supposedly, a lot of the student loan debt holders used the pause in payments to accrue more debt. Some credit cards, some car loans, some mortgages. They converted their payments into future debt repayment on sprinkles on top.

Yes, it seems silly, but it's America. It's how we keep the economy going. Lending somebody stupid amounts of money keeps the lights on at some German facility that makes the boutique components that are used to provide a finished product in exchange for the loaned money.