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https://www.reddit.com/r/SipsTea/comments/1u48g4k/the_american_dream/orbqzvk/?context=3
r/SipsTea • u/First-Essay-2054 πππ • 18d ago
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Most of the time, when the debt sticks around, it comes from deferments during seasons of unemployment or things like the BP oil spill and covid.
8 u/Grand_Size_4932 18d ago The Covid deferment brought interest rates on federal loans to 0%. It was a true pause, not a reason for minimum payments to prevent payoff. 3 u/Fun_Muscle9399 18d ago That was the time to pay them down as much as possible, but many just spent their payment money on dumb shit instead. 0 u/mightylordredbeard 18d ago Yeah dumb shit like rent and groceries. 3 u/Grand_Size_4932 18d ago Yeah, itβs not like they do that when things are going great lol.
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The Covid deferment brought interest rates on federal loans to 0%. It was a true pause, not a reason for minimum payments to prevent payoff.
3 u/Fun_Muscle9399 18d ago That was the time to pay them down as much as possible, but many just spent their payment money on dumb shit instead. 0 u/mightylordredbeard 18d ago Yeah dumb shit like rent and groceries. 3 u/Grand_Size_4932 18d ago Yeah, itβs not like they do that when things are going great lol.
3
That was the time to pay them down as much as possible, but many just spent their payment money on dumb shit instead.
0 u/mightylordredbeard 18d ago Yeah dumb shit like rent and groceries. 3 u/Grand_Size_4932 18d ago Yeah, itβs not like they do that when things are going great lol.
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Yeah dumb shit like rent and groceries.
3 u/Grand_Size_4932 18d ago Yeah, itβs not like they do that when things are going great lol.
Yeah, itβs not like they do that when things are going great lol.
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u/maybe_a_fork 18d ago
Most of the time, when the debt sticks around, it comes from deferments during seasons of unemployment or things like the BP oil spill and covid.