Asklemmy

44149 readers

1425 users here now

A loosely moderated place to ask open-ended questions

Search asklemmy 🔍

If your post meets the following criteria, it's welcome here!

Open-ended question
Not offensive: at this point, we do not have the bandwidth to moderate overtly political discussions. Assume best intent and be excellent to each other.
Not regarding using or support for Lemmy: context, see the list of support communities and tools for finding communities below
Not ad nauseam inducing: please make sure it is a question that would be new to most members
An actual topic of discussion

Looking for support?

Looking for a community?

Lemmyverse: community search
sub.rehab: maps old subreddits to fediverse options, marks official as such
!lemmy411@lemmy.ca: a community for finding communities

~Icon~ ~by~ ~@Double_A@discuss.tchncs.de~

founded 5 years ago

MODERATORS

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

57 comments fedilink hide all child comments

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?

you are viewing a single comment's thread
view the rest of the comments

[–] 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 3 weeks ago

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