With freezing loan payments, it is obvious that the percentage of default on these loans drops ;-)
Discussion
Ohhh so this isn’t showing outstanding balances on the loans? The term “balance” in “percent of balance” is what’s throwing me off. So this is just what percentage of the population is defaulting on different loan types?
I would guess he's saying that the consumer is strong b/c money that would otherwise go to student loans (forgiven) has been going to other places (consumption)?
Correct I just didn’t get the percent of balance because in my head the balance would stay the same. He helped clear it up! I’ll still zap ya some sats⚡️ followed!