Not mad that student loans being paused means I can use the money for Christmas. Are you still making payments during the pause? Or are you saving the money for something else. My christmas present to myself is a spa day!

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Still making payments

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I know I should be making payments, but have instead put that money towards extra mortgage payments. Figured that debt ain’t going anywhere soon ($240k left…) and it’s an immediate impact on bottom line to get out of PMI while I have the chance for extra payments.

It all depends on your situation. My student loan interest rates are between 5.3-5.9% and my mortgage is only 2.7% so it’s a no brainer to pay off the one with the higher interest for me.

Not making a single payment since the freeze. Saving cash for a big down payment for a house when the market will dip and mortgage rates will still
be high.

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Additional Posts in Student Loans

SOFI or who else?

What do you think are the chances this thing actually goes through? As of today they're still blocking it. It's paused which is fine, but if they don't actually forgive them after February I'll be pissed.

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If you could go back in time what would you tell yourself before taking out student loans?

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Does having student loans impact your ability to get a mortgage?

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