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Rising Star
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You could hedge and pay off the higher interest loans but keep the 4% balance and figure between market return and the potential forgiveness you’ve diversified a bit.
I would be shocked if you’re getting more than 10k forgiveness though and even that is looking unlikely.
SM1 - that was sort of my point (I work in Capital Markets btw). 4% is low enough that when you factor in the chance of forgiveness as a “return” (Don’t ask me how to price it - finger in the air) I could see how you might justify saying your expected return (or adjusted risk free rate - however you want to look at it) is worth the market risk.
Personally I’d pay off any debt at higher rate of interest than inflation. But the closer it is the slower I’d go because maybe inflation will be higher next year.
Same boat, I owe 58k and have been holding off in hopes of hearing an update on forgiveness. Otherwise just gonna wait until September and dump 30 towards them
That would be amazing 🙏🏻🙏🏻🙏🏻 if that’s the case I would also just pay them off in one go and get it done with. Fingers crossed y’all 🤞🏻
The government has given people an absolute gift and people have chosen to put a hold paying their loans off instead of averaging down an interest free loan. Even when you try to give people a break they won’t take it 🙄
Rising Star
I think using the cash flow to pay off higher-interest debt absolutely counts as taking the break. Same with putting it in the market; riskier, but it still represents taking advantage of the situation. Even consumption; some would be obvious, like finally doing a deferred necessary medical procedure or home repair. It's not very compassionate, but I can understand rolling your eyes at someone who just blows it on empty consumption. Disagree with rolling them at any use of the cash flow that's not paying down the debt, especially when for many folks it's low-interest debt.
Student loans are pretty high. Mine were close to 6-7 percent. You may be able to do slightly better on the market, but those aren’t guaranteed.
I just refinanced through ELFI and got a 2.6%
Don't count on a jubilee
What’s the interest rate? Why would you dump cash at government student loans rather than invest? Government loans are incredibly low risk and super advantageous to borrowers.
If student loan forgiveness goes through, it will only be for federal loans. 
My bet is continued forbearance until jan 1, 2022. Seems odd to be they would start again this calendar year and allows Biden to at least show he still cares about student loans. But i doubt we get any sort of forgiveness, and any will certainly be income capped, so im not counting on anything at all. The second payments return im refiing and just getting it done.
Check and see if you can refinance with sofi or someone else, get your interest as low as possible and pay that. No need to pay it off early. I made that mistake and kinda regretting right now, would have more gains in the market specially after last year's performance.
Never count on government
Dont move your govt loans to private because you lose all the govt protections, also the “great” rates are not guaranteed. When I was looking to refi The effective rate was exactly the same as my govt loan (might be lower now though).
I hope they extend the break because it has allowed me to make a dent in other debt vs my student loans.
I’m in a similar spot. Mine are close or above 8% and if I wouldn’t be able to afford the monthly payment if I refinanced them all. I’ve had coworkers tell me I should wait for the 25yr forgiveness which seems like a pipe dream to me. So I’m coming up with a plan yo aggressively pay them off myself.
As in after 25 years of payments the rest is forgiven right?
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I think student loan might be forgiven in election year so they try to convince us to vote for them lol
Thats good enough for me…here’s my vote.
Also keep in mind that the gov likely won't extend the pause on payments, which means payment and interest accruing will resume in Oct