Hello fellow enslaved, just lookin for a bit of advice.
Long story short – I’ve been on a SAVE plan for the last two years as I’ve been living/working abroad. I have roughly $14k left to pay back, and can do so in full at this time without completely wiping out my savings.
That being said, definitely experiencing some fear and hesitation around paying them off.
For one, some (stupid) part of me is hoping Americans will revolt against the powers that be within the next year – which then puts me out of $14k effectively for no reason.
In a similar/ranty vein, it also infuriates me that we’re being forced to pay these back after the promises of previous administrations, and with the economy being in such a poor state…so stubbornly I don’t want to pay them back on principle, even though it’s to my own detriment.
Everything seems so uncertain and clustery I’m nervous about paying such a large sum out of my savings rather than keeping the cash in case it’s needed.
TLDR: Do I pay my Nelnet loans back in one lump sum just to be done and avoid what’s coming down the pipeline, or do I hold out for a revolution and personal preservation?
Thanks friendsss may we all survive this🫡
Posted by Evening-Amphibian598
1 Comment
You gave 3 reasons why you don’t want to pay in one lump sum and 0 reasons why you’d want to. Seems like you should just pay them off over time instead.