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In the US, the year long student loan deferment ends in September. What happens when millions can't or don't start paying on them? (lemmy.world)

submitted 3 months ago by return2ozma@lemmy.world to c/asklemmy@lemmy.ml

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I accidentally asked this on shit post channel by accident so I'm asking in the correct channel now. Leaving the other one up because the replies were good.

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[–] MsPenguinette@lemmy.world 1 points 3 months ago (1 children)

Im Def racking up interest but I'm lowkey banking on student loans being forgiven before the extra interest becomes a problem. Like, I'm gonna assume that at worst I'm adding an extra year of payments, but that's going to be future me's problem in like 15 years.

[–] ShepherdPie@midwest.social 2 points 3 months ago

I totally get the sentiment, but compound interest is a real killer and it's not like these can be discharged like other debt (in the event that student loan forgiveness doesn't eventually happen)