Should I start paying my student loans again? (lemm.ee)

submitted 3 weeks ago* (last edited 3 weeks ago) by JeSuisUnHombre@lemm.ee to c/asklemmy@lemmy.ml

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I, like many and hopefully some of y'all, stopped paying my student loans during Covid and never restarted paying because we're supposed to have gotten relief from this debt that should've never existed in the first place. Now we have Trump coming back which kills the possibility of debt relief. So should I start repaying so I don't get my wages garnished? Or do we think the government is going to be too inefficient to come after it?

Edit: At one point when I heard that it was the only way to get forgiveness, I moved all my debt from a third party to being a government loan. Does that change anything?

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[-] Hyperlon@lemmy.world 24 points 3 weeks ago

Don't gamble with your future. You should have never stopped paying. Your loan is probably in a worse position now than you were 4 years ago due to interest. The longer you wait the worse your situation will be.

[-] EveryMuffinIsNowEncrypted@lemmy.blahaj.zone 14 points 3 weeks ago

Only assuming they made enough to cover interest. I certainly don't.

[-] mosiacmango@lemm.ee 2 points 3 weeks ago

Interest was paused for 3+ years due to covid.

[-] Hyperlon@lemmy.world 2 points 3 weeks ago

That ended quite a while ago. Their loan could have grown by thousands since then

this post was submitted on 29 Nov 2024

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