Asklemmy

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In the US, the year long student loan deferment ends in September. What happens when millions can't or don't start paying on them? (self.asklemmy)

submitted 2 months ago by return2ozma to c/[email protected]

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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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[–] [email protected] 2 points 2 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)