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this post was submitted on 29 Nov 2024
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Asklemmy
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Start paying, even if it's minimum payments.
You want to be in good standing (if you aren't already) before the changing of the guards. They will garnish your wages, and it'll be worse than whatever you were gonna pay. It'll so fuck up your credit. Check the interest and see if you can at least start tackling that if it's not too egregious. Republicans are securely on the side of the loan companies and there a chance they'll let them loose with the right bribe or two, and it make get worse before it gets any better.
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?
Unfortunately, no. You can't even get rid of that debt with bankruptcy. I have the same government loans. You can apply for forbearance to at least protect your score a bit if you can't pay.