re: Happy Student Loan Payments Resume After a 3-Year Pause month

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That only makes sense if they have the discipline to save the payments they weren't making and use the final balance of the savings account to pay down their student loans when payments returned.

Yes, it's true, it doesn't cost them more to finance the loan now than 3 years ago, but they missed the opportunity for it to cost less moving forward by not paying to principal interest free.

The idea that you can take advantage of no payments while also being ready when payments do come back and/or forgiveness doesn't happen was lost on many. Some even made it worse by taking on additional financial liabilities they didn't need.

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I mean, yeah, there are lots of stupid people that didn't take advantage of the pause and assumed additional liabilities. I guess my argument was from a perspective of the ideal plan. If you're one of those people that lacks self control, budget control, and you need to use Dave Ramsey techniques to avoid debt then you probably should have just paid it off.

But, the prudent financial play would have been to sit on it, invest it or put it in an online savings account to generate additional interest. If you factor in inflation someone who owes $20k today technically owes less than they did owing $20k in 2020