When employees are furloughed or unemployed, they cannot afford student loan payments and so they request forbearance until they are back on their feet. Student loan companies are profiteering by charging a fee to process a forbearance request of around $50 per student loan for every 3 months of forbearance. Since students take out 1-2 loans per school year, this can amount to a fee of several hundred dollars- often exceeding 1 month's payment!
With millions of people unemployed or furloughed at any one time, student loan companies are literally making hundreds of millions in profits every year on the backs of those who can least afford to pay.
This profiteering is unethical and should be banned