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Reply to "Anyone plan on not paying back student loans?"
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[quote=Anonymous][quote=Anonymous]I was talking with friends after the latest extension was announced and was surprised to find that a few of them have no intention of ever paying them off. One said even before the pandemic pause, they made the minimum payment every other month and didn't care about interest accruing. I'm baffled at how this is a good strategy. They seem to think I was crazy for having continued making payments throughout the pandemic. [/quote] If they pay minimum, they should be able to pay them off one day. I don't believe your friends decided to use student loans to ruin their credit by 'making minimum payment every other month'. They might be making an extra minimum payment but paying it6 times a year instead of 12. Their interest might be so low that they should be taking their time. I'm sure the interest rates are less than inflation and there's your answer why their are not in a hurry to pay them off. I baffled that your are baffled.[/quote]
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