I, like many and hopefully some of y’all, stopped paying my student loans during Covid and never restarted paying because we’re supposed to have gotten relief from this debt that should’ve never existed in the first place. Now we have Trump coming back which kills the possibility of debt relief. So should I start repaying so I don’t get my wages garnished? Or do we think the government is going to be too inefficient to come after it?
Edit: At one point when I heard that it was the only way to get forgiveness, I moved all my debt from a third party to being a government loan. Does that change anything?
The key words there are ‘long term’. It takes forever to get these rules and regulations in place and they aren’t going to be dismantled immediately. Rome didn’t fall in a day. I think IDR’s and most of the alternative payment plans have fixed interest rates. You’re likely at a fixed rate already. Ask about those if you call the loan servicer. Any significant change will take time and have pushback. Get your shit sorted out ASAP for sure, you should be doing that anyways. Then worry about what changes a bankrupted pedophile might try to pull.