on the margin, the group of student debt policies we have had in place since 2020 and then add on top of that this announced student debt forgiveness plan back in, i guess it was august of 2022, have probably been somewhat inflationary. you know, on the margin. maybe not a big impact but a little bit. once these payments resume, again, they were set to resume no matter what starting in the fall, and they will also resume for the people who thaought tha their balances had been wiped out. that will probably be modestly disinflationary. that is, it will draw some money out of people s alternative spending opportunities, right? maybe they re going to have to spend more money on their debt payments, student loan payments, that they would have otherwise spent on a house or a car or a vacation or other forms of consumption. one thing that i am worried about is that you might see a wave of defaults, both because,