Reply to student loans...what will happen when payments start

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]They will never restart payments. The wait has been too long. Once people are used to something (in this case not paying) they will never be able to resume it. It’s a political nightmare. Look at all the Central Americans who have had their TPS renewed every two years for more than 25 years based on a hurricane that occurred in the last 90s. And these are actual citizens. Payment resumption will never happen. [/quote]

From your mouth to Gods ears. If I have to restart the $700/m payment with the inflation that has occurred in the interim I will be flat broke. If I can eke out another 3 years I can make it to PSLF[/quote]

You should have been paying on them all along.  Time for a second job.[/quote]

I think the break was put in place for a reason- but why in earth wouldn’t borrowers have at least been putting some money aside during this time?  Like not the equivalent of the entire payment ($700 in PP’s case) but something g to lessen the blow when payments resumed?  Did everyone just think they never would?

I think the political blowback of restart/don’t restart is tough either way, and it’s not like the current administration initiated the freeze.  I think the most likely case is sone middle ground- lower interest payments and/or a phase in of payment amounts.[/quote]

Trump wins next election in a landslide if Biden resumes payments right before this recession. He will be viewed as the Democrat GWB especially after bailing out Silicon Valley tech and NYC crypto.[/quote]

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