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  • Payment Pause Extended

    Federal student loan payment freeze and 0% interest extended to Jan 31, 2022.

    Biden to extend freeze on student loan payments until Jan. 31 - POLITICO

  • #2
    Beat me to it. Another article:

    Breaking news: Student loan holiday extended to January 31st. Called "final extension." https://thehill.com/homenews/adminis...-loans-to-2022

    Described it as the "final extension".
    Helping those who wear the white coat get a fair shake on Wall Street since 2011

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    • #3
      This is supposed to be a '"final" extension. We shall see.

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      • #4
        Got out of fellowship in 2019 with 4 years left for payments on attending level pay. With this nearly 2 year pause I’m paying less than the actual base cost for med school. Insanity.

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        • #5
          Just to make sure - same terms as the prior extensions? (ie, each month still counts for PSLF?)

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          • #6
            I wonder if rates will drop to try to entice borrowers to refi. At some point I’m gonna have to refi, and if I can get a sub 2% rate may be better to forgo a few months of 0%. My best offer so far is 2.98%

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            • #7
              if i get sub 2 ill refi now

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              • #8
                Resident here. Whats a good way to park a sum of cash for 6 months till the loans return? I've been saving during residency and was planning on using all that cash to pay some of my loans down. However, now I have 6 more months till I need to use it. Its currently sitting in a savings account making .01% interest so would be nice to have it grow slightly more then that. Any ideas where to park it short term?

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                • #9
                  just search where to park cash for 6 months, this forum is littered with that question and "how much should i put in international stocks?" The answer is HYSA, MM, and dogecoin

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                  • #10
                    Originally posted by Drudge View Post
                    Got out of fellowship in 2019 with 4 years left for payments on attending level pay. With this nearly 2 year pause I’m paying less than the actual base cost for med school. Insanity.
                    Yes, insanity. The sad part is that the people that Covid is the message but the government in process of looting the country. Good programs are the cover for a ton of waste and corruption. Any one want to buy a painting? Fifty years from now historians might actually write the story. If they are allowed to actually publish. It is absolutely crazy.

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                    • #11
                      I applied to refinance my 350k and got 1.75% for 5 years fixed after discounts. Debating if I should just refinance now or delay refinancing until after this new forbearance. Thoughts?

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                      • #12
                        Originally posted by CordMcNally View Post
                        This is supposed to be a '"final" extension. We shall see.
                        I have been to 3 different Kiss farewell tours.

                        I'll believe it when it actually ends.

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                        • #13
                          Pragmatism says student loan collections should be turned over to the IRS. Collections would skyrocket. Debt for taxes and debt for loans both end up in the Treasury.

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                          • #14
                            Originally posted by Lordosis View Post

                            I have been to 3 different Kiss farewell tours.

                            I'll believe it when it actually ends.
                            KISS: The Final Tour
                            KISS: The Last Reunion Tour
                            KISS: Goodbye, Forever...Until Next Year Tour
                            KISS: The Terminal Casino Tour
                            KISS: Ace and Peter Are Gone And So Will We Tour
                            KISS: Our Assisted Living Center Let Us Out One. Last. Time.

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                            • #15
                              my decision to refi $200k federal loans in January 2020 is looking worse and worse by the day.

                              (what drove the decision was spouse income increased making REPAYE effective rate creep over 4%. I was in residency.)

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