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Reply to "Should I pay off this student loan now or just stick to schedule?"
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[quote=Anonymous]My DD took out loans that I agreed to pay. I had the funds to pay them off but her and I thought it would look good on her limited credit file to show consistent long term timely payments. That all worked fine until we hit covid and all the changing policies. They several times put the loan on 'time out', forbearance perhaps it was called. I kept trying to keep the regular payments going. It was a time wasting hassle being on the phone for hours to get it all fixed. After further research, it became obvious to me that student loans are a racket. There is zero transparency in the process. I got so fed up, I paid them off. I highly suggest you do the same.[/quote]
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