• eduardog3000 [he/him]
    ·
    3 years ago

    idk if student loans work too different from mortgages, but wouldn't any amount paid above what's due in a given month go towards principle anyway?

    • learntocod [they/them]
      ·
      3 years ago

      AFAIK the interest hasn’t stopped accumulating, so the payments you make now would have the normal balance of interest and principal. But, I think the point Orannis62 is making is that the interest is outpacing what you’d get in a saving account, so you might as well keep making payments. But if forgiveness comes you’ll be sayin “but I paid my loans”

      • CanYouFeelItMrKrabs [any, he/him]
        ·
        3 years ago

        AFAIK the interest hasn’t stopped accumulating,

        It has. Otherwise they aren't really paused and you would be fucked over if you didn't pay for two years.

        • learntocod [they/them]
          ·
          3 years ago

          Well I’ll be damned, I assumed they were fucking everyone over. Thanks.

      • eduardog3000 [he/him]
        ·
        3 years ago

        AFAIK the interest hasn’t stopped accumulating

        Wait what the fuck, really?