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Started By
Message
re: Student Loan payments restarting
Posted on 8/3/23 at 8:44 am to Pezzo
Posted on 8/3/23 at 8:44 am to Pezzo
quote:
maybe go back and take a couple finance classes. you didn't pay toward a 0% loan while you had the chance?
I have a degree in finance and haven't paid a cent on my loans since the pause and interest rate freeze happened. Why would I?
3
Posted on 8/3/23 at 8:46 am to JohnnyKilroy
quote:
I have a degree in finance and haven't paid a cent on my loans since the pause and interest rate freeze happened. Why would I?
if you are putting the money aside and letting it earn interest obviously that's fine/even better but let's not get nuanced over it. The guy SPENT the money on other stuff. That's the whole point.
This post was edited on 8/3/23 at 8:47 am
Posted on 8/3/23 at 9:09 am to JohnnyKilroy
to knock out the principal. especially if your student loans equate to a mortgage.
Posted on 8/3/23 at 4:32 pm to JohnnyKilroy
quote:
I have a degree in finance and haven't paid a cent on my loans since the pause and interest rate freeze happened. Why would I?
I believe while that loan was sitting there it was incurring interest. For example: if you owed 9k when the loan was paused when it resumes you now owe 12k.
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