this post was submitted on 24 Jul 2024
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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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[โ€“] ShepherdPie@midwest.social 6 points 3 months ago (1 children)

Aren't you kinda screwing yourself by doing this? I'm not super familiar with the current deferment program so I could be completely wrong, but I thought they still charge you interest while you're in deferment which just increases what you owe at the end of the day.

[โ€“] MsPenguinette@lemmy.world 2 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.

[โ€“] 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)