The money from the Student Loan Bailout will be going to the truly deserving

[LuFins Dad]

Chipotle and bars in Cancun…

https://www.cnbc.com/2022/11/09/how-student-debt-forgiveness-recipients-plan-to-spend.html

[Mik]

No surprise there. If you're dumb enough to dig yourself in that deep, you won't likely be savvy enough to use it to pay off the debt. The money should go directly to lenders.

[jon-nyc]

It does. The question here is how do they spend the money freed up from debt servicing.

[Mik]

Oh, good. I was not aware of that. My basic point still stands. Use the freed-up money to reduce the remaining debt faster.