US student loan interest to resume in September and payments in October

News not a surprise as key point of negotiation by Republicans in raising the debt ceiling was ending the pause on payments

6 comments

I hope the forgiveness program goes through. I could never hope to pay off my student debt otherwise as things are going.
- Since the pause started, I have been aggressively saving to pay off my entire balance, with forgiveness not being part of the equation. Of course, I would be much happier if $10k were forgiven, but if that does not happen, I am ready to pay off the $25k balance I have left on the day payments resume.
  
  I am definitely sick and tired of seeing these loans continue to age. I just want them gone at this point, never to occupy space in my thoughts ever again.
  
  I did the same, but for credit card debt and car loans. To give myself a little credit, I did end up paying off my 9k credit card debt and my 5k car loan during the pause and pandemic. But I don't have much $ for student debt right now and it'll be a while before I do.
Ralph Wiggum voice:

Haha! I'm a bargaining chip!
Why wouldn't he just extend them again? Like it could literally be a presidential platform: "if I win I extend loan forgiveness".

.. like politicians lie all the time. Why not this time?

6 comments