Reply to Will the $10-20K student debt relief happen? Not interested in whether you think it should.

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Reply to "Will the $10-20K student debt relief happen? Not interested in whether you think it should. "

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]If loan forgiveness is struck down, will PSLF $0 payments still count towards the 120 payments during the loan moratorium? I'm on a ten year plan and would not have qualified for PSLF because I would have paid off loans in 120 payments anyways. However now, maybe?[/quote]

Yes I think they will. [/quote]

Well then, that works out to about $10k forgiven for me regardless as my loan payments were $300/month and that works out to about $10k+ for the pandemic pause (which was all I had left). Super! Sitting it in a High Yield Savings account for now.[/quote]

Yes, the student loan repayment/interest pause has been the single greatest financial benefit to the Millennial and Gen Z generations but it's one of those things that isn't really recognized until someone in government decides to start sending out the student loan bills. Before the pandemic, people were coming out of undergrad or grad school either facing $400/month student loan bills or paying $0 on IBR because they made $30k. It's not going to be a simple matter to go back to millions of people suddenly paying $400-$500/month for student loan debt that hasn't been paid for 2+ years while rent has skyrocketed along with mortgage interest.[/quote]

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