There was a part of me that wanted to stop paying but something told me to just pay it off ASAP.
That free cash flow from paid off student loans has been very helpful in our current inflationary era.
Discussion
With that said, some will pay because they can afford to do so, but I wouldn’t be surprised if non-payment rates are higher than pre-pandemic. Some won’t pay out of principle, some because ruined credit is better than not being able to afford food and housing.
I suspect some people may not suffer as much if the new payment plans capping repayments pans out…