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Should I start paying my student loans again? (lemm.ee)

submitted 3 weeks ago* (last edited 3 weeks ago) by JeSuisUnHombre@lemm.ee to c/asklemmy@lemmy.ml

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I, like many and hopefully some of y'all, stopped paying my student loans during Covid and never restarted paying because we're supposed to have gotten relief from this debt that should've never existed in the first place. Now we have Trump coming back which kills the possibility of debt relief. So should I start repaying so I don't get my wages garnished? Or do we think the government is going to be too inefficient to come after it?

Edit: At one point when I heard that it was the only way to get forgiveness, I moved all my debt from a third party to being a government loan. Does that change anything?

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[–] The_Che_Banana@beehaw.org 2 points 3 weeks ago (1 children)

I would first call them and ask for forgiveness. If you were paying diligently and suddenly stopped they may accept.

[–] chicken@lemmy.dbzer0.com 5 points 3 weeks ago (1 children)

does that ever actually happen

[–] EveryMuffinIsNowEncrypted@lemmy.blahaj.zone 4 points 3 weeks ago* (last edited 3 weeks ago) (1 children)

Yeah, seriously, it's the US Government who lent us money, not Granny Sue from around the corner.

[–] The_Che_Banana@beehaw.org 3 points 3 weeks ago (1 children)

Yes.

Also, honestly, it does not hurt to ask ever. Like....ever.

If you cannot make a mortgage payment one month, for example, call and ask to get that month posted to the end of the the term of the loan.

If you call a CC company because you can't pay that month, they can defer 1 month or will work with you.

Companies do not make money if you cannot pay, and, in the end, if you cannot pay they can write it off. Always, always, always best practice is to be communicative and proactive. They will not work with you if they have to chase you down.

Source: I've been through the fucking wringer a few times.

[–] EveryMuffinIsNowEncrypted@lemmy.blahaj.zone 1 points 3 weeks ago (1 children)

That's one month, though. You seemed to be saying you could ask to get your entire debt forgiven. That ain't happening.

[–] The_Che_Banana@beehaw.org 3 points 3 weeks ago (1 children)

If you re read what I wrote, I gave several examples of different scenarios.

Scenarios that may or may not apply, scenarios that me-being a complete internet stranger, you may not want to take at full value.

But if anything, please listen to this part: be proactive, communicative, and ask what can be done. That's it.

[–] EveryMuffinIsNowEncrypted@lemmy.blahaj.zone 1 points 3 weeks ago (1 children)

I get that, but they were talking about student loan debt, not other debt.

[–] The_Che_Banana@beehaw.org 0 points 3 weeks ago (1 children)

Potato, potato Regardless, someone else responded with a great answer.

[–] EveryMuffinIsNowEncrypted@lemmy.blahaj.zone 1 points 3 weeks ago (1 children)

One's a gigantic potato, the other a tiny French fry. They are different institutions with different rules.

[–] The_Che_Banana@beehaw.org 0 points 3 weeks ago (1 children)

[–] EveryMuffinIsNowEncrypted@lemmy.blahaj.zone 1 points 2 weeks ago

Thanks, I've always aspired to that. Maybe tomorrow I'll win the Game.