this post was submitted on 24 Jul 2024
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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.
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.
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)