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

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I think we’ll need to start paying in August regardless of the outcome of the lawsuit. We’ve all been given an amazing truly once in a lifetime reprieve where we’ve been acne to save or pay down our loans with zero interest. It’s very positive for borrowers.[/quote]

I totally agree. But I'm sure most people didn't save and didn't pay it down. Which is why I don't feel bad. It's been 3 years!!![/quote]

Unless you are PLSF it was a miss to save or not pay down loans unless you were unemployed or living paycheck to paycheck or I guess had an amazing investment opportunity that you couldn't pass up. If you took some of the money and used it to buy a house or to take an amazing vacation, that's fine - but if it's just enabled lifestyle creep then that's too bad. I say this as a borrower who graduated at 27 with $100K in debt after attending grad school at Columbia. My goal has always been to pay of my loans in 10 years and I have a little over two years and around $24K left. It's been a slog, but my graduate degree has allowed me to make way more money than I ever thought possible and in that sense it's been worth it. [/quote]

Wow that's amazing news. I agree people should have paid these large loans down. There's no reason to use that money for other stuff and inflate lifestyle. [/quote]

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