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.

  • ShepherdPie@midwest.social
    4·
    4 months ago

    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.

    • MsPenguinette@lemmy.world
      21·
      4 months ago

      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·
        4 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)