5 ms·

If they are government student loans, I think the interest on those is gone for awhile.

tjr225 7y ago
That also seemed like a comically paltry move. I still have to make my payments, after all! In addition my wife and I have spent the last couple of years with two incomes wiping away our student debt on high incomes in Seattle - so the only loans I have left are pretty low interest. The only way I can see this working for everyone is to simply halt the economy altogether. No mortgages, no bills, free food, free medical care. Once we get a hold on the disease itself we can deal with the economic impacts.
- CubsFan1060 7y ago
  I suspect the interest will help some quite a bit. Not everyone, of course. I do think that the money would be better if targeted toward certain people versus peanut-buttered over everyone.
  - basch 7y ago
    But the payment doesnt go down, it just applies more to principal. It will benefit people more in the long run, but it's not short term relief.
- fortran77 7y ago
  Of course, suspend the payments through this crisis, but why should you not owe it?
  - tjr225 7y ago
    What exactly are you trying to do here? Criticize my life choices? You don't know me or my decisions. What if I did exactly what you said but happened to fall in love with a wonderful woman who happened to have a bunch of student debt? Why should _anyone_ to be expected to pay their student loans if all of the other sectors of the economy are going to shut down? The biggest mistake I making here is even attempting to have a discussion with you. Bugger off.
    - smabie 7y ago
      Because you made the choice? You can’t just decide you don’t like feeling paying because the economy is bad.
the_watcher 7y ago
Student loan interest on government loans is suspended? Am I reading this right? EDIT: Found some info, although it's unclear what exactly qualifies the loan: https://www.nytimes.com/2020/03/14/business/student-loans-coronavirus-trump.html https://www.nytimes.com/2020/03/14/business/student-loans-co...

That also seemed like a comically paltry move. I still have to make my payments, after all! In addition my wife and I have spent the last couple of years with two incomes wiping away our student debt on high incomes in Seattle - so the only loans I have left are pretty low interest. The only way I can see this working for everyone is to simply halt the economy altogether. No mortgages, no bills, free food, free medical care. Once we get a hold on the disease itself we can deal with the economic impacts.

CubsFan1060 7y ago
I suspect the interest will help some quite a bit. Not everyone, of course. I do think that the money would be better if targeted toward certain people versus peanut-buttered over everyone.
- basch 7y ago
  But the payment doesnt go down, it just applies more to principal. It will benefit people more in the long run, but it's not short term relief.
fortran77 7y ago
Of course, suspend the payments through this crisis, but why should you not owe it?
- tjr225 7y ago
  What exactly are you trying to do here? Criticize my life choices? You don't know me or my decisions. What if I did exactly what you said but happened to fall in love with a wonderful woman who happened to have a bunch of student debt? Why should _anyone_ to be expected to pay their student loans if all of the other sectors of the economy are going to shut down? The biggest mistake I making here is even attempting to have a discussion with you. Bugger off.
  - smabie 7y ago
    Because you made the choice? You can’t just decide you don’t like feeling paying because the economy is bad.

the_watcher 7y ago

Student loan interest on government loans is suspended? Am I reading this right? EDIT: Found some info, although it's unclear what exactly qualifies the loan: https://www.nytimes.com/2020/03/14/business/student-loans-coronavirus-trump.html https://www.nytimes.com/2020/03/14/business/student-loans-co...