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I have recently got selected in tcs and I have 10.5 years of experience with 25 LPA. Now for salary negotiation hr is asking me to go with ur current pkg otherwise it will be dropped bcoz it's already very high pkg for them. What should I do if I have an offer of 29 LPA from other company? Tata Consultancy@
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It was nice to not pay for 3 years without interest accruing. Gave me some breathing room with inflation. I kept my excess cash in a HYSA at around 5% and now just refinanced my loans.
Smart!
The government did pause the repayment process, and that stopped interest from accruing for about 6 months. It might not be a lot, but it was a good plan.
I didn't have income for awhile during Covid so I couldn't make any payments. They did pause the payments but now I am paying the price. I feel it will never be paid. So frustrating.
Well it just made me not think about it for a minute lol. Truth is it's still just as bad as it was three years ago. I wish they would develop a realistic forgiveness plan for people like me.
I know some people paid down their principal a lot during the no interest period. I know others who didn’t pay at all and instead saved that money!
It didn't. I had commercial ffelp loans that didn't pause, so I paid until June 2023, when I transferred then to the department of education so they could be forgiven. I get none of my covid era payments back because I made them to navient. So I basically made $13.6k in payments that I otherwise would have gotten back or not had to make since I have older loans.
I paid off a lot of my principal during the no interest period. I figured throwing everything I had at it and it going straight to principal was worth it.
Remember those early days of the pandemic, when the world shut down and nobody knew what was going on? Yeah, my student loan payments were the least of my worries then. My focus was on staying safe, adjusting to the new reality, and figuring out how to work from home in my pajamas.