JeSuisUnHombreNov 29, 2024

Should I start paying my student loans again?

https://lemm.ee/post/48561684

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

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?

Show threadwizardbeardNov 29, 2024

As much as it sucks, we most likely aren’t getting student loan forgiveness. It didn’t happen while Biden was in the height of his presidency, so it’s even less likely to happen now. It’s especially not happening now when the next guy up would most likely just repeal anything shoved through for it at the last minute before he takes office.

Switching to a government backed loan like you did should give you more options to potentially continue deferment based off your income, but that is something you would need to sort out with your loan provider. The term is “income based repayment”.

Show threadJeSuisUnHombre
I think I acknowledged that first paragraph. But is the new administration going to have the manpower to do anything about it?
Nov 29, 2024 at 5:47pmWeb