[SamAdams76]

The “student loan pause” was a very unwise thing to do. All it does is extend the time to “pay the piper” so to speak. Also, it gives the beneficiaries the false sense that their income has increased. So they spend up to their level of income, as most people do, so now when loan payments resume, they are going to find themselves short.

[Svartalfiar]

The “student loan pause” was a very unwise thing to do. All it does is extend the time to “pay the piper” so to speak. Also, it gives the beneficiaries the false sense that their income has increased. So they spend up to their level of income, as most people do, so now when loan payments resume, they are going to find themselves short.

We've been paying off the wife's the whole time they've had the pause/no-interest going. Wife was real excited when she heard we'd be getting back the $5-6M we paid during that, but I told her not to get her hopes up too high :p