Student Loan pause extended - What are your plans?

Biden wants to delay these until they can do some level of student loan forgiveness. I’m expecting $10k. Planning to pay minimums until then and only when they stop delaying it

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Biden wants to delay these until they can do some level of student loan forgiveness. I’m expecting $10k. Planning to pay minimums until then and only when they stop delaying it

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I'm not banking on SL forgiveness at all. For all the bullshite talk, I don't think Biden has any real desire to actually forgive student loans. He's the main reason that student loans are not dischargeable in BK. Dems talk a decent game on forgiving student loans, but if you really look at it there's probably only a small handful of dem congress people who are actually serious about it. The establishment dems couldn't care less about student loan forgiveness beyond a nice talking point for getting reelected.


That being said, if they were to somehow get real traction on SL forgiveness, whatever comes out of it will 100% have income limits attached to it and I'm almost certainly going to fall outside of those limits #blessed.

Yea if my loans were low interest I'd just pay the normal amounts as they come due, but my loans average like 6.5% interest so I'm ok with paying them off early.

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Really? Did not know this.

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I don't know about that particular issue, but he was the senator from Delaware for 40 years. A state where companies largely incorporate now and almost every credit card company is located. There's a reason for that.

Haven't touched mine since March 2020 and have no plan to until they finally make us

You'd be crazy to pay anything on them until you absolutely have to (if that ever even happens. Brandon told us he was absolutely not going to extend the pause again but he did)

I'm in no rush to pay them off probably will just go back to paying the minimum once it starts back

I've saved a nice chunk of change not having to pay them for almost 2 years now

Paying it anyway since I need 120 payments for forgiveness. And I might as well pay peanuts now instead of making those payments when my income increases.

I make payments on it occasionally, been paying on my smaller loans with higher interest rates. I don't think they should forgive them but they should just make them interest free. Seems like a great compromise to me.

We paid off my wife's ~30k in May. Yea, I look back now and say I should have done something else with that cash, but in the end that was for her masters degree and there's nearly 0 chance they forgive postgrad degree debt especially with a healthy income. Happy to do something else with that monthly payment now.

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I'm not banking on SL forgiveness at all. For all the bull shite talk, I don't think Biden has any real desire to actually forgive student loans. He's the main reason that student loans are not dischargeable in BK. Dems talk a decent game on forgiving student loans, but if you really look at it there's probably only a small handful of dem congress people who are actually serious about it. The establishment dems couldn't care less about student loan forgiveness beyond a nice talking point for getting reelected.

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Agree.

That said, it might not hurt to put what would otherwise be the loan payments into a safe, easily cashed out investment. Whenever Brandon stops kicking the can down the road you can resume the payments, and if the unexpected happens (partial forgiveness), you win.

Bet the 20k. Put it all on black