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Maggie Fletcher posted:A bunch of stuff about refinancing to be private Any updates on this, are you still feeling like it’s the right decision? I’m in exactly the same bit and it’s looking like the student loan forebearance is not going to get extended so I’m thinking about refinancing at the low rate, it should save us about 10 grand over the life of the loan it looks like.
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Aug 4, 2021 17:00
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| # ¿ Apr 28, 2024 20:00 |
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What effect do you all think that the end of the student loan pause will have on the economy at large? I’m guessing housing demand will go down and general spending and saving too. Maybe it will trigger a recession?
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Dec 22, 2021 00:54
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Dik Hz posted:No effect. People with student loan debt are generally higher earners and student loan payments are generally a very small portion of their monthly expenditures. But isn’t it widely accepted that student plan burden is causing this generation to buy houses less and start families later?
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Dec 22, 2021 14:25
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spwrozek posted:https://www.journals.uchicago.edu/doi/10.1086/704609 Here is an article on home ownership. I didn't read the whole thing but I would also point out that a lot of people didn't buy houses young so they could move around and change jobs easier. quote:We instrument for the amount of individual student debt using changes to the in-state tuition rate at public 4-year colleges in the student’s home state. A $1,000 increase in student loan debt lowers the homeownership rate by about 1.8 percentage points for public 4-year college-goers during their mid-20s, equivalent to an average delay of about 4 months in attaining homeownership. Validity tests suggest the results are not confounded by local economic conditions or changes in educational outcomes. drat. Cancel student debt!
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Dec 22, 2021 16:35
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actionjackson posted:Another question, if someone has debt being paid under income-driven repayment, and they get married, their cost will go up right? Because it will consider both incomes together. I think that was always the case, but the new changes in IDR (that I guess go into effect in 2024) now let you calculate your payment just on the one party’s salary if you file your taxes separately. I don’t know how that gonna work, I.e. if you need to file separately in 2023 to have it work that way in 2024, but it’s something to keep your eye on.
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Aug 13, 2023 17:35
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| # ¿ Apr 28, 2024 20:00 |
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I think if you log in on studentaid.gov it will tell you who your servicer is link
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Dec 19, 2023 01:27
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