[sgbuffett]

Above is news from US on some help for students.
Around the world due to covid19 many countries have adopted these to help those who are in debt and suffering due to no fault of their own.

In Singapore there was a moratorium for debt allowing those in distress to delay payment but interest keep piling up.

At the same time due to US govt pushing rates to lowest level ever our fixed deposit pay almost nothing and banks can borrow at very low rates.

Those who have fallen to hard times will find it very hard to crawl.out as the interest in their loans compound while crisis drag on and they have no ability to service this debt.

Since govt action already the world have pushed rates down, banks have to be made to step up to reduce the hardship on society.