I’m refusing to honestly
Even with the new saver plan or whatever it’s called you don’t save any money. Yeah the monthly payments go down but you end up paying almost 20k more through interest over a longer time. That’s not saving
If you’re in the new SAVE plan the government picks up the interest gained each month despite the lower payment. Total balance will only go down on the new plan.
I’m refusing to honestly Even with the new saver plan or whatever it’s called you don’t save any money. Yeah the monthly payments go down but you end up paying almost 20k more through interest over a longer time. That’s not saving
You’re going to pay either normally or through wage garnishment. It’s just a matter of where you want your credit sitting at when you start paying.
If you’re in the new SAVE plan the government picks up the interest gained each month despite the lower payment. Total balance will only go down on the new plan.