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Forum » What are you currently doing with your Student Loans?
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Thread: What are you currently doing with your Student Loans?

post 1631463273 02-15-2021, 12:52 PM
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What are you currently doing with your Student Loans?

Just wondering what everybody is currently doing with their remaining student loan balances.

I've got $7k left (down from $45k) and I go back and forth weekly about what to do....

-Take advantage of the forbearance, pay it off and save on the interest.
-Dont make any payment and put the $400/month towards mortgage or whatever else
-Dont make any payments under the assumption that they'll be wiped away (highly unlikely)

I just dont want to pay them off, then be sitting here like a fuk when ol' JB wipes the slate clean and I dumped 7k when I didn't need to.

I've just been putting the $400 (that would be the payment) into an account under the assumption that as of Sept 2021 they'll be due again then I'll just dump that balance into it and pay it off asap.

What are yall boyos thoughts on it?
post 1631463323 02-15-2021, 12:53 PM
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Taking out more, putting it all in bitcoin, biden wipes them clean, my 50k I invested in bitcoin is now worth 500k
post 1631463543 02-15-2021, 12:56 PM
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Using the money I'd pay monthly on the loans to aggressively pay down all other debt
post 1631463803 02-15-2021, 01:01 PM
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Still have $13k left in loans with the expectation that Biden will grant $10k payments to anyone who has taken out a federal student loans from years xxxx to now (srs) thats how I think student loan forgiveness will play out. I'd recommend paying down any high interest loans, but paying the minimum on anything else

The only caveat is that I wouldn't be surprised if student loan forgiveness was income-based... my engineering degree was a very fair price to pay and I could see people like myself not receiving any loan forgiveness... its really only the liberal art students and equivalent who need the help
post 1631463823 02-15-2021, 01:01 PM
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I'm actually about to get my first loans this fall. Ooof
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post 1631463883 02-15-2021, 01:01 PM
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I'm in the same boat. Everything I've been reading is saying Biden administration will forgive minimum $10k and some Dems are pushing for up to $50k. So I'm just sitting on a lump sum and waiting to see what happens.
post 1631464083 02-15-2021, 01:03 PM
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Have 18k, assuming 10k will go away. Not paying atm
See user title srs
post 1631464123 02-15-2021, 01:04 PM
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Originally Posted By Camecha⏩
Taking out more, putting it all in bitcoin, biden wipes them clean, my 50k I invested in bitcoin is now worth 500k
This
RIP Pedro Suarez Vertiz. Te queremos Hermano

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post 1631464303 02-15-2021, 01:06 PM
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They ain’t forgiving ****
post 1631464473 02-15-2021, 01:07 PM
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  1. bsmit107
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Originally Posted By Camecha⏩
Taking out more, putting it all in bitcoin, biden wipes them clean, my 50k I invested in bitcoin is now worth 500k
Solid plan....report back in 2 years
Originally Posted By Stray800⏩
Using the money I'd pay monthly on the loans to aggressively pay down all other debt
This is what I'm really leaning towards.
Originally Posted By CaliSuperSport⏩
I'm actually about to get my first loans this fall. Ooof
Good luck bud.

Thought about going back to get my Masters and taking out more.
Originally Posted By stoverbruce⏩
I'm in the same boat. Everything I've been reading is saying Biden administration will forgive minimum $10k and some Dems are pushing for up to $50k. So I'm just sitting on a lump sum and waiting to see what happens.
I'll probably play the fence between accumulating the lump sum to pay off in 8 months, and pay extra on mortgage (my only other debt)
post 1631464613 02-15-2021, 01:09 PM
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Originally Posted By SouthDakotaBrah⏩
Still have $13k left in loans with the expectation that Biden will grant $10k payments to anyone who has taken out a federal student loans from years xxxx to now (srs) thats how I think student loan forgiveness will play out. I'd recommend paying down any high interest loans, but paying the minimum on anything else

The only caveat is that I wouldn't be surprised if student loan forgiveness was income-based... my engineering degree was a very fair price to pay and I could see people like myself not receiving any loan forgiveness... its really only the liberal art students and equivalent who need the help
I could totally see that if they were going to do it at all.
Originally Posted By H00J⏩
They ain’t forgiving ****
I'm thinking this.
post 1631464933 02-15-2021, 01:14 PM
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Originally Posted By bsmit107⏩
Good luck bud.

Thought about going back to get my Masters and taking out more.
Yeah I think I'm gonna end up doing national guard to help a bit. I gotta get some hard data on how much I would earn and the commitment required.

And then I got med school, yay.
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post 1631465133 02-15-2021, 01:16 PM
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Student loans don't exist in my home.




Cheers.
post 1631466683 02-15-2021, 01:35 PM
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Originally Posted By tripod29⏩
Student loans don't exist in my home.




Cheers.
Thanks for your lack of contribution to the thread.
post 1631470133 02-15-2021, 02:15 PM
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It's barely any interest rate on student loans in Norway, so I'm going to pay it off as slowly as legally possible,
Former no-avi anonymous
post 1631470253 02-15-2021, 02:16 PM
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Originally Posted By SouthDakotaBrah⏩
Still have $13k left in loans with the expectation that Biden will grant $10k payments to anyone who has taken out a federal student loans from years xxxx to now (srs) thats how I think student loan forgiveness will play out. I'd recommend paying down any high interest loans, but paying the minimum on anything else

The only caveat is that I wouldn't be surprised if student loan forgiveness was income-based... my engineering degree was a very fair price to pay and I could see people like myself not receiving any loan forgiveness... its really only the liberal art students and equivalent who need the help
really depends what the degree is. I swear some of these people, albeit a very small %, are going into large corporations and making bank heading diversity and inclusion initiatives.
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post 1631470493 02-15-2021, 02:19 PM
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Originally Posted By H00J⏩
They ain’t forgiving ****
This.

I have no student loans, but if I did, I'd live like a peasant and pay them off ASAP.
Always Neg Back Crew.
post 1631470673 02-15-2021, 02:21 PM
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I was paying $1000/month until Biden “won”. Now paying $300 a month. Have 18k left
post 1631471203 02-15-2021, 02:26 PM
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The american system seems kinda fcked, so I guess forgiving student loan might not be the worst thing althought I don't think it will solve the real issues.

In Norway the tuitions on universities costs about 30-60 dollars for a semester, so it's basically nill. You are forgiven up 40% of the basic student loan when completing your courses, the interest rate is very low interest (close to the consumer price index).
Former no-avi anonymous
post 1631473183 02-15-2021, 02:49 PM
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I have less than $5k now and initially I was paying even through the forbearance but now that Biden said he might forgive the $10,000 below for federal then I opted back in to pause it so we'll see what happens come September.
Das not it mayne.
post 1631473943 02-15-2021, 02:58 PM
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Just lol @ anyone that thinks their loans will be wiped. These crooks argued 9 months to give us $600, keep your expectations real and wait for a $25 walmart gift card from pelosi and mitch
-Some people say good things come to those who wait, truth is, good things come to those who work..... who work later.....who work harder...... who are willing to go further than anyone else to get them. If you're waiting for good things to come to you, you'll be waiting for a pretty long time.

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post 1631475403 02-15-2021, 03:19 PM
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Low key mad I paid them off
post 1631475923 02-15-2021, 03:27 PM
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Keep paying if you can. That interest is still adding on while you are in forbearance.
You don't have to be great to start, but you have to start to be great.
post 1631504613 02-15-2021, 10:20 PM
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Paid off my private student loans, but not paying my federal loans and waiting for it to be forgiven. I only have $5k in federal loans though.
post 1631504713 02-15-2021, 10:21 PM
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Originally Posted By litljay⏩
Keep paying if you can. That interest is still adding on while you are in forbearance.
No it's not, they stopped interest from accruing

Waiting for big daddy Biden to pay it off for me huehuehue

jk, hoping they do get rid of like 10k tho
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post 1631505033 02-15-2021, 10:26 PM
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Nothing. I finished paying mine off in january apparently. Didn’t know til I got the letter in the mail cause they just did auto withdrawal. Feelsgoodman
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post 1631505673 02-15-2021, 10:37 PM
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About $11k at less than 4% interest. I’ve always paid the minimum on them but might clear them off in the near future here
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