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Political Discussion
Reply to "Why is Biden extending the student loan repayment pause?"
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[quote=Anonymous][quote=Anonymous]Do the people pushing forgiveness realize how much that screws with people’s decision making? As someone with a very large balance the idea that I’d scrimp to pay off my loans and then they’d institute forgiveness basically makes it an impossible decision. I simply can’t take the risk. So I sit on my loans and keep paying interest. [/quote] I wouldn't assume your high balance will be forgiven especially if you make high income. If that's the case then invest your student loan "payment" and pay off your loans when you have enough. If you are eligible for PSLF then different story, ride it out because the pause on payments is likely to go on for years.[/quote]
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