8 ms·

And we're definitely in a spot right now where folks that can pay off their loan are holding off in case the US forgives all loans or something. A perverse ince

by xur17 5y ago

And we're definitely in a spot right now where folks that can pay off their loan are holding off in case the US forgives all loans or something. A perverse incentive that is going to boost the number of student loans that are not paid off.

n8cpdx 5y ago
Not just that, but with interest rates at zero and inflation at 8.5% per year (and growing!) it is incredibly stupid to pay even a single penny of federal loan debt early, unless you have a really good need to polish your credit score. Federal student loan debts are getting cheaper by the minute, why pay more now?
- bombcar 5y ago
  Paying the minimum amount on time often does better for your credit score than paying the whole thing off, anyway. The credit score is a number based on you being able to reliably make payments.