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re: Happy Student Loan Payments Resume After a 3-Year Pause month
Posted on 10/2/23 at 8:55 am to JumpingTheShark
Posted on 10/2/23 at 8:55 am to JumpingTheShark
quote:
There was proposed automatic forgiveness for balances under $10k. Who in their right mind is going to write a check to the government for a balance they do not owe?
You do owe it. You borrowed it.
quote:
If your bank called and said they’ve forgiven the remaining balance on your small business loan would you write the check anyway?
A bank is a private institution loaning out money they are responsible for. Not lending out funds that fall back on the general public.
1
Posted on 10/2/23 at 9:32 am to stout
You’re right, giving the government $3,000 of a balance they’ve forgiven is definitely the best use of the funds. They are good with money.
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