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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]I will say I believe the conundrum many of us are in, that we can't refinance at a lower rate because we don't want to lose potential forgiveness, but are stuck paying exceedingly high interest rates, could do for a fix. I could see a policy that all holders of federal loans are brought down to an interest rate of something like 2%, but don't get forgiveness. That might be a decent compromise. I'm still sitting at almost 7% on my loans and just paying interest plus a small amount of principal.[/quote] Kids who are starting college these days get 3% interest on federal loans, roughly. Note I said kids starting college now, as in 18-22 year olds in 2022. [/quote]
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