Should I pay off my loans?

[Sk323i]

With all the crazyness ?

SHould i pay off my loans while they are owned by the Dept. of Ed?

Or should I wait and see if Trump is going to transfer this to The Dept. of Commerce, and then pay them off?

I have 10 different loans totalling 43K - both subsidized and unsubsidized loans - at an average of 4%

I could pay them off with an upcoming bonus.

Or i could just continue to pay the $500 monthly payment, and see if they get moved to new government agency, and continue to pay.

WHats the best thing to do?

[FlaDude]

Certainly if any of us had an accurate crystal ball, we'd be rich, so we're guessing just like you are. I doubt the current administration will forgo any student loan debt, so no matter where it ends up, it will still be due. Given the haphazard and disorganized way that things are being handled, it's possible that records of the debt would be lost, but I would not count on that. Personally I would guess that the opposite will be true, records of debt being paid will be lost and a lot of people will be pursued for debt that has already been forgiven or even just paid off the normal way.

[Sk323i]

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@FlaDude wrote:

Certainly if any of us had an accurate crystal ball, we'd be rich, so we're guessing just like you are. I doubt the current administration will forgo any student loan debt, so no matter where it ends up, it will still be due. Given the haphazard and disorganized way that things are being handled, it's possible that records of the debt would be lost, but I would not count on that. Personally I would guess that the opposite will be true, records of debt being paid will be lost and a lot of people will be pursued for debt that has already been forgiven or even just paid off the normal way.

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i agree. cant trust anything anymore. So in this scenario, one should be in no hurry to pay back a Fed loan, because the record keeping may show the debt is still owed anyway. best to leverage capital in other areas, and be indebted to gov for decades.